LOS ANGELES — The Kansas City Chiefs have reworked superstar quarterback Patrick Mahomes' contract to extend his tenure through 2033 with the revamped deal worth a historic reported total of $504.75 million.
"He's our QB1 and you can't have him," the Chiefs said in a post on X confirming the contract extension on Wednesday (Thursday in Manila).
ESPN and NFL Network reported the extension adds $239.05 million, with a total value of $504.75 million from 2026 through 2033.
The first four years are guaranteed at signing, and Mahomes can make up to $522.25 million through incentives and escalators included in the deal, ESPN reported.
The $64 million annual average value of the deal, beginning in 2027, is a new NFL record.
Mahomes, a two-time NFL Most Valuable Player who led the Chiefs to five Super Bowls in six seasons and three crowns before the club slumped to 6-11 last year, had signed a 10-year contract extension in 2020 that already had him set to stay in Kansas City through the 2031 season.
That deal worth $450 million had already made Mahomes the highest-paid player in US team sports history.
Mahomes, 30, suffered torn left knee ligaments in December and underwent surgery. AFP
