Patrick Mahomes signs historic $500 million contract with Chiefs

Patrick Mahomes has secured a landmark restructured contract with the Kansas City Chiefs, now worth $500 million, marking the first such deal in NFL history. This new agreement extends his time with the team through the 2033 season, solidifying his position as the highest-paid player in the league at an average of $63.09 million per year. Mahomes previously signed a ten-year, $450 million deal in July 2020, but this new contract is a reflection of his continued value and an effort by the Chiefs to maintain their franchise quarterback long-term. Additionally, CBS Sports highlighted various underrated AFC players who may emerge as stars by 2026.

• 4:55 PMCBS NFL — Underrated AFC players who could become stars in 2026, plus breaking down Patrick Mahomes' $500 million deal