- Kansas City Chiefs quarterback Patrick Mahomes has agreed to a contract extension, making him the first NFL player to secure a deal worth over $500 million.
- The restructured agreement adds two years to his existing contract, tying him to the Chiefs until the 2033 season when he will be 38 years old, with a base value of $504.75 million, with potential incentives and escalators that could see it rise to $522.25 million.
- This new deal sets a record for average annual salary at $63.1 million, surpassing the record set by previous top quarterbacks.
- Mahomes, a two-time MVP, has led the Chiefs to five Super Bowl appearances and three championships, accumulating nearly 36,000 passing yards and six Pro Bowl selections since becoming a starter in 2018.
- Despite undergoing season-ending surgery last December for a torn left knee ligament, Mahomes has been actively rehabbing and participating in offseason programs, expressing his goal to be ready for Week 1 of the upcoming season.
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