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QB Patrick Mahomes agrees to record contract restructure with Chiefs

Patrick Mahomes has agreed to a restructured deal with the Kansas City Chiefs. NFL Media reported Monday that the two-time MVP will receive $210.6 million over the next four seasons (2023-26), which is the most money ever for a player over a four-year span. NFL Media added that Mahones can reportedly earn up to $218.6 million by the time his restructured agreement ends in 2026.

Mahomes originally signed a 10-year contract with the Chiefs in 2020 that was worth $477 million and had another $26 million in bonuses, bringing the possible total value to $503 million. The deal was a record-setting contract at the time, but seven other quarterbacks signed deals with higher average annual values than Mahomes since then, including Joe Burrow, Justin Herbert, Jalen Hurts and Lamar Jackson.

Mahomes has been guaranteed an NFL record $273 million since his contract was agreed to in 2020. According to NFL Media, Mahomes and the Chiefs plan to revisit the quarterback’s contract situation following the 2026 season, essentially making it a four-year deal.

Editorial credit: Jamie Lamor Thompson / Shutterstock.com

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