Kansas City Chiefs Sign Patrick Mahomes to Record-Breaking $504.75M Deal

The Kansas City Chiefs are adding two years to Patrick Mahomes' contract in a reworked deal that ties him to Kansas City through 2033 at a value of $504.75 million, sources told ESPN. The new money on the deal is worth $239.05 million, with the total value now at $504.75 million from 2026 through 2033, with the first four years being guaranteed at signing. All $504.75 million becomes guaranteed through contract mechanisms. Mahomes can make up to $522.25 million through incentives and escalators. Beginning in 2027, when the new money begins, the deal averages $64 million per year, setting an NFL record for average annual value. This is the third time in six years the Chiefs and Mahomes have reset the quarterback market. All three of those contracts were led by Cabott and Veach. The Chiefs, led by Clark Hunt and the Hunt family, have now committed $689.05 million in new money to Mahomes from 2022 to 2033, in hopes of extending one of the great dynasties in NFL history. Mahomes suffered a season-ending torn ACL and LCL on Dec. 14, 2025, and underwent surgery the next day. The Chiefs have remained optimistic throughout the offseason that he'll be ready for Week 1, when they host the Denver Broncos on 'Monday Night Football.'