The Chiefs are adding two years to Patrick Mahomes’ contract, tying him to Kansas City through the 2033 season at a value of $504.75 million.
Beginning in 2027, when the new money begins, the deal averages $64 million per year, setting a new NFL record for average annual value. (via @adamschefter, @RapSheet)
Patrick Mahomes’ initial rookie contract in 2017 was a 4-year, $16.4M deal.
The 10-year, $450M contract he signed in 2020 was groundbreaking, and he’s already earned well over $200M of it while the quarterback market has continued to skyrocket.
Now, the Chiefs are once again adjusting that deal to bring him more in line with the current QB market.