Mahomes to make over $500M in reworked deal
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- Chiefs added two years to Patrick Mahomes' contract, extending it through 2033 at a total value of $504.75 million, the first NFL deal over $500 million.
- Chris Cabott and Brett Veach and his staff put the finishing touches on the landmark agreement Wednesday.
- Mahomes can earn up to $522.25 million with incentives, and the deal averages $64 million per year starting 2027, a new NFL record for average annual value.
- Chiefs have now committed $689.05 million in new money to Mahomes from 2022 to 2033.
- Clark Hunt praised Mahomes as a generational talent and highlighted his impact on the franchise's brand and community.
- Mahomes suffered a season‑ending torn ACL and LCL on Dec. 14, 2025, and the team expects him to be ready for Week 1 against the Denver Broncos.
Why it matters: The deal locks Mahomes in Kansas City through 2033 and guarantees $504.75 million, giving the Chiefs a financial edge in retaining a franchise quarterback while setting a new league benchmark for average annual value; the financial commitment also raises the franchise’s payroll exposure.
