Chiefs and Patrick Mahomes agree to restructured contract worth over half-billion dollars
AP News • • general
Key Points:
- Patrick Mahomes has signed a restructured contract extension with the Kansas City Chiefs, adding two years and pushing his total compensation past $500 million, tying him to the team through the 2033 season.
- The deal, valued at $504.75 million with potential incentives up to $522.25 million, makes Mahomes the highest-paid quarterback with an average of $63.1 million per year.
- Mahomes, a two-time MVP and three-time Super Bowl champion, has been rehabbing from a season-ending knee injury and is on track to be ready for the Chiefs' Week 1 game against the Denver Broncos.
- Chiefs chairman Clark Hunt praised Mahomes as a generational talent and key figure in the franchise's recent success, including five Super Bowl appearances and three championships.
- Despite a disappointing 6-11 season last year, Mahomes remains focused on recovery and leading the team back to championship contention.