Mahomes signs record-breaking $500m Chiefs contract
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- Patrick Mahomes signed a two‑year extension through 2033 worth $504.75 million, fully guaranteed.
- The extension begins in 2027 and delivers a $64 million average annual salary, the highest in NFL history.
- Mahomes holds a 95‑31 career record, a 17‑4 playoff record, and averages 285.2 passing yards per game, the highest in NFL history.
- The Chiefs posted their first losing season with Mahomes at the helm in 2025, finishing 6‑8 after his December ACL injury sidelined him for the final three games.
- Josh Allen’s $330 million contract is the nearest comparable deal, leaving Mahomes $170 million ahead in guaranteed money.
- The deal could rise to $522.25 million with incentives beyond the guaranteed amount.
Why it matters: The Chiefs lock in their star quarterback for two more years, cementing a financial edge that widens the gap to the nearest rival, Buffalo Bills, and reinforcing Mahomes’ market value despite a recent injury‑marred season. The record deal also sets a new salary benchmark across professional sports.
