The Kansas City Chiefs and quarterback Patrick Mahomes have agreed to a restructured contract worth more than $500 million, adding two years to his deal and extending through the 2033 season. The new contract is valued at $504.75 million, with incentives that could push it beyond $520 million.
Mahomes originally signed a 10-year, $450 million contract in 2020, which set a benchmark for NFL players. The latest extension comes after recent deals for quarterbacks such as Dak Prescott, Jordan Love, Joe Burrow and Josh Allen reset the market. Prescott's four-year deal had a league-leading average of $60 million per year, while Mahomes will now average $63.1 million.
The Chiefs and Mahomes regularly rework his contract to provide financial flexibility for the team to build a competitive roster. Mahomes, a two-time MVP and three-time Super Bowl winner, underwent season-ending knee surgery in December but has fully participated in the Chiefs' offseason programme.
