Patrick Mahomes signs reworked deal worth over $500M with Chiefs
8 sources • 2 min read • Latest: Jun 10, 2026, 9:33 PM
Last updated Jun 10, 2026
Patrick Mahomes has agreed to a restructured contract with the Kansas City Chiefs, extending his tenure with the team through 2033. The new deal is valued at $504.75 million, reflecting the Chiefs' commitment to the star quarterback. This rework adds two additional years to Mahomes' original contract, who has been a pivotal figure for the franchise since he was drafted in 2017. The contract adjustment comes as the Chiefs continue to build their roster around Mahomes in pursuit of further success.
- •Mahomes' contract now runs through 2033.
- •The deal is valued at $504.75 million.
- •This rework adds two years to his original contract.
- •Mahomes has been instrumental in the Chiefs' success since 2017.
- 9:55 PMCBS Sports — Chiefs rework Patrick Mahomes' contract as quarterback becomes NFL's first half a billion dollar player
- 9:33 PMESPN — Mahomes to make over $500M in reworked deal
- 9:32 PMThe Guardian Sport — Chiefs sign Patrick Mahomes to restructured contract worth more than $500m
- 9:05 PMYahoo Sports — Chiefs lock in Patrick Mahomes through 2033 with a $504.75M reworked deal, AP source says
- 8:43 PMYahoo Sports — Patrick Mahomes, Chiefs reportedly agree to reworked contract valued at more than $500 million in NFL first
- 8:41 PMYahoo Sports — Patrick Mahomes contract details: Chiefs QB gets $239 million in new money
- 8:41 PMYahoo Sports — Report: Patrick Mahomes, Chiefs agree to first NFL deal worth over $500M
"Quarterback has two years added to his deal Contract will last until Mahomes is 38 The Kansas City Chiefs and their starting quarterback, Patrick Mahomes, have agreed to a restructured contract that adds two years to his deal and pushes his total compensation past a half-billion dollars, according to sources. Mahomes signed a 10-year, $450m contract in 2020 that set a benchmark not only for the quarterback position but for any NFL player. The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and it comes in at $504.75m, with incentives and escalators that could push the value beyond $520m. Continue reading...
"The Chiefs and quarterback Patrick Mahomes have agreed to a restructured contract that adds two years to his deal and pushes the total compensation past a half-billion dollars, a person familiar with the terms told The Associated Press on Wednesday. The person spoke to the AP on condition of anonymity because the Chiefs do not disclose financial terms of their contracts. Mahomes signed a 10-year, $450 million contract in 2020 that set a benchmark not only for the quarterback position but for any football player.
"The Kansas City Chiefs and quarterback Patrick Mahomes agreed to a reworked contract on Wednesday that is set to pay him over $200 million in new money. Let's take a look at the full details via ESPN's Adam Schefter and Ian Rapoport.
Sources
External links- CBS SportsJun 10, 2026, 9:55 PMChiefs rework Patrick Mahomes' contract as quarterback becomes NFL's first half a billion dollar player
With the new deal that runs through 2033, Mahomes will earn an NFL-best $64 million per year
- ESPNJun 10, 2026, 9:33 PMMahomes to make over $500M in reworked deal
The Chiefs are adding two years to Patrick Mahomes' contract in a reworked contract that ties him to Kansas City through 2033 at a value of $504.75 million, sources told ESPN.
- The Guardian SportJun 10, 2026, 9:32 PMChiefs sign Patrick Mahomes to restructured contract worth more than $500m
Quarterback has two years added to his deal Contract will last until Mahomes is 38 The Kansas City Chiefs and their starting quarterback, Patrick Mahomes, have agreed to a restructured contract that adds two years to his deal and pushes his total compensation past a half-billion dollars, according to sources. Mahomes signed a 10-year, $450m contract in 2020 that set a benchmark not only for the quarterback position but for any NFL player. The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and it comes in at $504.75m, with incentives and escalators that could push the value beyond $520m. Continue reading...
- Yahoo SportsJun 10, 2026, 9:05 PMChiefs lock in Patrick Mahomes through 2033 with a $504.75M reworked deal, AP source says
The Chiefs and quarterback Patrick Mahomes have agreed to a restructured contract that adds two years to his deal and pushes the total compensation past a half-billion dollars, a person familiar with the terms told The Associated Press on Wednesday. The person spoke to the AP on condition of anonymity because the Chiefs do not disclose financial terms of their contracts. Mahomes signed a 10-year, $450 million contract in 2020 that set a benchmark not only for the quarterback position but for any football player.
- Yahoo SportsJun 10, 2026, 8:43 PMPatrick Mahomes, Chiefs reportedly agree to reworked contract valued at more than $500 million in NFL first
Patrick Mahomes will now be under contract with the Chiefs through the 2033 campaign.
- Yahoo SportsJun 10, 2026, 8:41 PMPatrick Mahomes contract details: Chiefs QB gets $239 million in new money
The Kansas City Chiefs and quarterback Patrick Mahomes agreed to a reworked contract on Wednesday that is set to pay him over $200 million in new money. Let's take a look at the full details via ESPN's Adam Schefter and Ian Rapoport.
- Yahoo SportsJun 10, 2026, 8:41 PMReport: Patrick Mahomes, Chiefs agree to first NFL deal worth over $500M
Kansas City's QB1 is now under contract through 2033, with his new money also carrying a record AAV of $64M.
- Sky Sports—Mahomes signs record-breaking $500m Chiefs contract
Kansas City Chiefs quarterback Patrick Mahomes has signed the NFL's first guaranteed $500m contract.
Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days- NFL•Jun 10, 2026, 10:00 PMSeahawks RB Jadarian Price could be a fantasy football breakout star
- NFL•Jun 10, 2026, 9:58 PMChiefs show $500 million of faith in Patrick Mahomes, who now enters critical stretch in legacy chase of Tom Brady
- NFL•Jun 10, 2026, 9:31 PMChiefs QB Patrick Mahomes makes history with record contract extension
- NFL•Jun 10, 2026, 9:30 PMPatriots outdueled Chargers, Chiefs, Bills for disgruntled $96 million ex-Eagles star WR, per report
- NFL•Jun 10, 2026, 9:30 PMChiefs Star Patrick Mahomes To Join Dak Prescott As $60 Million-A-Year Players
- NFL•Jun 10, 2026, 9:29 PMGrading Patrick Mahomes' record-setting monster deal with the Chiefs
