Mahomes Breaks NFL Records with Historic $504 Million Contract

Patrick Mahomes and the Chiefs agreed to a record $504.75 million contract, keeping the star quarterback in Kansas City through 2033.

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Patrick Mahomes is set to become the first NFL player with a contract worth more than half a billion dollars after the Kansas City Chiefs agreed to a major reworked deal with their star quarterback.

According to ESPN, the new agreement keeps Mahomes with the Chiefs through the 2033 season and carries a total value of $504.75 million.

The deal includes four years fully guaranteed at signing and could reach $522.25 million through incentives.

The agreement comes as Mahomes continues his recovery from the knee injury that ended his 2025 season.

Beginning in 2027, Mahomes will average $64 million per season under the new terms, setting a new NFL record for average annual value.