Patrick Mahomes Signs Record-Breaking NFL Deal Worth Over $500M

Patrick Mahomes has made history by signing a record-breaking NFL deal worth over $500 million with the Kansas City Chiefs.

What happened?

The deal, worth $504.75 million, will keep Mahomes under contract with the Chiefs through 2033.

Why it matters for Patrick Mahomes

Chiefs owner Clark Hunt praised Mahomes, saying he has become an iconic sports figure, leading the franchise to five Super Bowl appearances and three championships.

Patrick Mahomes suffered a torn ACL last December but is on the mend, progressing to 7-on-7 drills during Kansas City's offseason program.

What comes next?

Mahomes' new money begins in 2027, and his deal averages an NFL record $64 million per year, with the total value of the contract worth up to $522.25 million with different incentives and contract escalators.

The contract is guaranteed for the first four years, and Mahomes has stated his goal is to be on the field for Week 1.

The Chiefs have secured their star player for the long term, and Mahomes will continue to lead the team into the future.

Mahomes, a three-time Super Bowl champion and two-time MVP, is now in a position to start for the Chiefs for even more years to come, solidifying his place as one of the most iconic players in the NFL.