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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 agrees to record $504.75M contract extension with Chiefs

Summary

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.

Source Links

Yahoo Sports

Status Watch

•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.

Latest Updates

11:17 AMYahoo Sports — Patrick Mahomes set to become NFL’s first $500m player with new deal

What they're saying

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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
— Yahoo Sports

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