The Kansas City Chiefs have restructured quarterback Patrick Mahomes’ contract, extending it by two years to keep him with the team through the 2033 season. The revised deal, worth $239.05 million, brings the total value of his contract to $504.75 million, making it the first NFL contract to exceed half a billion dollars. With an average salary of $64 million, the agreement sets a new record for annual salary and guarantees the first four years at signing. This marks the third time Mahomes has reset the quarterback market since signing a 10-year, $450-million deal in 2020.
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Chiefs Extend Mahomes’ Contract by 2 Years, Total Value Exceeds $500M
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