Chiefs sign Patrick Mahomes to restructured contract worth more than $500m
Summary
The Kansas City Chiefs and quarterback Patrick Mahomes agreed to a new contract that adds two years and raises his total earnings to more than $500 million. This deal keeps Mahomes with the Chiefs until the 2033 season and makes him the highest-paid NFL player by average salary.Key Facts
- Patrick Mahomes originally signed a 10-year, $450 million contract in 2020.
- The new extension adds two years, extending the contract through 2033.
- The total contract value is $504.75 million, with possible incentives raising it above $520 million.
- Mahomes will earn an average of $63.1 million per year, more than other recent quarterback deals.
- The Chiefs often restructure Mahomes’ contract to manage team finances and build a strong team.
- Mahomes has won three Super Bowls and is a two-time NFL Most Valuable Player (MVP).
- He had knee surgery last December but has fully participated in the Chiefs’ offseason training.
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