Patrick Mahomes signs groundbreaking contract with Kansas City Chiefs

2 sources1 min read • Latest: Jun 11, 2026, 7:40 AM

Last updated Jun 11, 2026

Patrick Mahomes signs groundbreaking contract with Kansas City Chiefs
Summary

Patrick Mahomes has agreed to a two-year extension with the Kansas City Chiefs, making him the first NFL player with a contract worth over $500 million. This agreement brings his guaranteed earnings to $504.75 million, tying him to the franchise until 2033. Previously, Mahomes had a 10-year deal worth $450 million with additional incentives. The deal surpasses Dak Prescott's $60 million annual contract, making Mahomes the highest-paid player in NFL history. Following a season-ending ACL injury last December, Mahomes expressed excitement for his future with the team and remaining competitive.

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By the Numbers
  • Mahomes extends his contract with the Chiefs until 2033.
  • Guaranteed earnings reach $504.75 million.
  • Previously held a 10-year deal worth $450 million.
  • Deal includes an average annual value of $64 million from 2027.
  • Mahomes has led the Chiefs to three Super Bowl titles.
Latest Updates
  • 7:40 AMYahoo SportsMahomes to become NFL's first $500m player
  • 7:40 AMBBC SportMahomes to become NFL's first $500m player
What they're saying
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Patrick Mahomes is called a "generational talent and elite human being" by Kansas City Chiefs boss Clark Hunt.

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Patrick Mahomes is called a "generational talent and elite human being" by Kansas City Chiefs boss Clark Hunt.

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