Summary
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The Kansas City Chiefs are adding two years to Patrick Mahomes’ contract to tie him to the franchise through 2033
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According to league sources, the historic deal is valued at $504.75 million USD with potential to reach $522.25 million USD through incentives
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The agreement sets a new NFL record with an average annual value of $64 million USD starting in 2027
The Kansas City Chiefs and quarterback Patrick Mahomes have reportedly finalized a historic, reworked contract extension. According to league sources, the new agreement adds two additional years to the quarterback’s contract, tying him to the franchise through the 2033 season. Valued at $504.75 million USD, it marks the first contract in NFL history to exceed half a billion dollars.
Sources suggest that the updated agreement includes $239.05 million USD in new money, with the first four years fully guaranteed at signing. Through various contract mechanisms, the entire $504.75 million USD is expected to become guaranteed over time, with incentives potentially pushing the total to $522.25 million USD. Starting in 2027, the deal will average a record-breaking $64 million USD annually.
The deal was put together by Equity Sports CEO Chris Cabott and Chiefs general manager Brett Veach. This commitment solidifies the franchise’s core as Mahomes rehabilitates from a late-2025 knee injury, with the team targeting a Week 1 return.
