Patrick Mahomes signs record $500 million deal with Kansas City Chiefs

Patrick Mahomes has agreed to an eight-year contract extension with the Kansas City Chiefs worth $504.75 million, making him the highest-paid player in NFL history. This deal restructures his existing contract and increases his annual salary to an average of $63.09 million. Despite this landmark agreement, Mahomes is unlikely to be the first NFL player to surpass $500 million in career earnings. Los Angeles Rams quarterback Matthew Stafford is on track to achieve this milestone by potentially playing through 2027 and adding significant amounts to his current earnings.

• 6:11 PMCBS NFL — Patrick Mahomes got a $500 million deal, but likely won't be first NFL player to reach half a billion mark