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Chiefs Lock in Patrick Mahomes Through 2033 with a $504.75M Reworked Deal, AP Source Says

  • On June 10, the Kansas City Chiefs extended quarterback Patrick Mahomes through 2033 in a $504.75 million deal, making him the first NFL player to sign a contract exceeding half a billion dollars.
  • The extension follows Mahomes' recovery from a season-ending ACL and LCL tear suffered on Dec 14, 2025; the Chiefs remain optimistic about his availability for the 2026 season.
  • Carrying a record average annual value of $64 million beginning in 2027, the deal includes $239.05 million in new money, with incentives and escalators potentially pushing the total beyond $520 million.
  • Chiefs CEO Clark Hunt praised Mahomes as a 'generational talent' instrumental in the franchise's success, marking the third time in six years the organization has reset the quarterback market.
  • Head coach Andy Reid is taking a cautious approach to Mahomes' rehabilitation, though the quarterback aims to be ready for the Sept 14 season opener against the Denver Broncos.
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Patrick Mahomes has renewed his contract with the Kansas City Chiefs, making him the best-paid quarterback of the NFL.

·Berlin, Germany
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Forbes broke the news in United States on Wednesday, June 10, 2026.
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