Patrick Mahomes signs groundbreaking two-year extension with Chiefs

Kansas City Chiefs quarterback Patrick Mahomes has finalized a two-year contract extension worth $239.05 million, making him the first player in NFL history with a deal exceeding $500 million. The contract includes a base value of $504.75 million, with significant guarantees and incentives. Mahomes’ cap hits will adjust over the next four seasons, reflecting a large financial commitment from the Chiefs. This extension follows his previous ten-year, $450 million contract signed in 2020, extending his time with the team until 2031. Mahomes' salary currently represents over 10 percent of the Chiefs' total cap space.

• 6:30 PMYahoo Sports — Details of Chiefs star QB Patrick Mahomes’ two-year extension emerge