In 2020, Patrick Mahomes signed what was then the largest contract in American sports history: a 10-year extension with the Kansas City Chiefs valued at $450 million.
Mahomes' deal with the Chiefs came roughly five months after he led Kansas City to a win over the San Francisco 49ers in Super Bowl LIV.
Then, in September 2023, Mahomes and the Chiefs agreed to a restructured contract that pays him $210.6 million between 2023 and 2026, the most in history over a four-year span.
That deal then opened the door for Mahomes' latest contract, an 8-year, $504.7 million restructured extension, which he signed in June 2026. The agreement could reach $522.2 million with escalators by the end of 2033.
Patrick Mahomes Contract Details
- Length: 8 years
- Value: $504.7 million
- Signed: June 2026
- Signing bonus: $151.2 million
- Includes: $1 million annual workout bonus, $30 million roster bonus (paid every May 5 between 2007-2033)
- End year: Through the 2033 season
How Much of Patrick Mahomes' Contract Is Guaranteed?
- Guaranteed: $397 million ($151.2 million at signing)
Escalators in Patrick Mahomes' Contract
- $1.25 million if he wins an NFL MVP award and reaches conference championship
- $1.25 million if he wins a Super Bowl and plays 50% of snaps in the regular season or the Super Bowl
Who Is the Highest-Paid NFL QB?
- Mahomes. Entering the 2026 NFL season, he ranks tops among all players in average annual value ($63 million). That's just ahead of Dallas Cowboys quarterback Dak Prescott ($60 million).
Mahomes' Base Contract by Year
Mahomes is scheduled to become an unrestricted free agent following the 2033 season. His base salary per season, according to Spotrac.com:
- 2026: $1,300,000
- 2027: $27,000,000
- 2028: $29,000,000
- 2029: $31,500,000
- 2030: $32,750,000
- 2031: $34,750,000
- 2032: $37,000,000
- 2033: $39,000,000
Mahomes' Career Earnings
- Spotrac estimates Mahomes' on-field earnings in the NFL at approximately $232 million through the 2025 NFL season. That ranks him 16th all-time, trailing only quarterbacks of the 21st century at this point.
- He has the opportunity to exceed $730 million at the conclusion of his current deal with Kansas City, which would far surpass the NFL's all-time earnings leader, Matthew Stafford ($408 million through 2025).
