Patrick Mahomes signs new contract with Chiefs through 2033
Yahoo Sports • 1 min read • Latest: Jun 12, 2026, 5:35 PM
Last updated Jun 12, 2026
Patrick Mahomes has signed a new contract with the Kansas City Chiefs that runs through 2033. The deal includes a $54.5 million signing bonus along with fully guaranteed base salaries and bonuses spanning the contract's length. The new agreement replaces his prior contract, which was set to expire after the 2031 season. The total value is reported to be $504.75 million, with escalating payouts scheduled each year. Market conditions may lead to further contract adjustments before 2033.
- •New contract is worth $504.75 million over eight years.
- •$150 million is fully guaranteed at signing.
- •Annual payouts increase from $56.75 million to $70 million by 2033.
- •Includes significant fully guaranteed bonuses for future years.
- •Contract replaces prior deal expiring after the 2021 season.
- 5:35 PMYahoo Sports — Inside the latest Patrick Mahomes deal
"Mahomes received a $54.5 million signing bonus.
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