Chiefs Lock In Patrick Mahomes With Record-Breaking $504 Million Extension Deal

The Kansas City Chiefs have secured Patrick Mahomes with another record-breaking contract extension, reinforcing their long-term commitment to the superstar quarterback.

The agreement adds two years to Mahomes’ existing deal and introduces $239.05 million in new money, raising the overall contract value to $504.75 million. Reports also state that the full amount can become guaranteed through contract mechanisms, while performance incentives could push the total earnings as high as $522.25 million. Beginning in 2027, the extension sets a new NFL benchmark with an average annual salary of $64 million, making Mahomes the highest-paid player in league history on a per-year basis.

This updated contract continues from the massive 10-year extension Mahomes signed in 2020, further extending his stay in Kansas City through his age-38 season. The raise also moves him past Dallas Cowboys quarterback Dak Prescott, who previously held the record with a $60 million annual average.

Chiefs Lock In Patrick Mahomes With Record-Breaking $504 Million Extension Deal

Chiefs Secure Mahomes Extension Amid Injury Recovery And Long-Term Franchise Vision

Chiefs general manager Brett Veach described the deal as a landmark moment, emphasizing Mahomes’ generational talent and his transformative impact on the franchise. He credited the quarterback with shaping the team’s most successful era and highlighted his leadership, professionalism, and focus on winning above individual accolades.

The timing of the extension comes as Mahomes recovers from a season-ending knee injury that required surgery. While his return for the 2026 season remains uncertain, the Chiefs have expressed confidence in his recovery progress. By finalizing the contract now, the organization removes long-term uncertainty and reaffirms its commitment to him as the face of the franchise.

Beyond football, Mahomes remains deeply connected to Kansas City through business and ownership interests, including stakes in the Kansas City Current and the Kansas City Royals. His influence extends beyond the field, making him one of the most important figures in the city’s sports culture.

With this new deal, the Chiefs ensure stability at the game’s most important position and secure their superstar quarterback for the foreseeable future as they prepare for the next phase of their championship pursuit.