Patrick Mahomes agrees to record $504.75M contract extension with Chiefs
Yahoo Sports • 1 min read • Latest: Jun 11, 2026, 11:17 AM
Last updated Jun 11, 2026
Patrick Mahomes is set to become the NFL's first player with a contract exceeding $500 million, as he agrees to a two-year extension with the Kansas City Chiefs. This new deal, which adds to his prior 10-year contract, raises his total compensation to $504.75 million, with potential increases up to $522.25 million. Mahomes, coming off a knee injury that required surgery last December, aims to return for the regular-season opener on September 14 against the Denver Broncos. Chiefs chairman Clark Hunt hailed Mahomes as an iconic figure in sports and a key part of the franchise's success, including three Super Bowl titles. Mahomes has been actively participating in offseason activities as he rehabs his injury.
- •Mahomes signed a deal worth $504.75 million, possibly reaching $522.25 million.
- •He aims to be ready for Week 1 after knee surgery last season.
- •The contract extension ties him to the Chiefs until the 2033 season.
- •Mahomes has thrown for nearly 36,000 yards since becoming a starter in 2018.
- •The Chiefs face the Broncos in their regular-season opener on September 14.
- 11:17 AMYahoo Sports — Patrick Mahomes set to become NFL’s first $500m player with new deal
"Patrick Mahomes to become NFL’s first $500m player with record new contract - Mahomes underwent season-ending surgery last December after tearing ligaments in his left knee
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