Patrick Mahomes will remain the quarterback for the Kansas City Chiefs into the next decade. A new contract extension announced on Wednesday adds two years to his agreement, bringing the total value beyond $500 million. This information comes from a source familiar with the deal, who spoke on condition of anonymity, as the Chiefs typically do not disclose financial terms.
The Chiefs shared a photo on social media of Mahomes signing the extension. Originally, Mahomes had signed a 10-year, $450 million deal in 2020, setting a new standard for football contracts. This extension connects him to the team until the 2033 season, by which time he will be 38 years old. The terms include $504.75 million, with incentives potentially pushing it to $522.25 million.
Over the last decade, Patrick has become one of the most iconic, beloved sports figures of all time,” said Chiefs chairman Clark Hunt. “He has helped lead our franchise to five Super Bowl appearances and three championships. He has shaped the Chiefs brand and put Kansas City on the world stage. He remains an outstanding role model.”
The Chiefs and Mahomes frequently adjust his contract during the offseason. This provides the team flexibility to add talent around him to remain competitive. The updated deal includes a significant pay increase after recent contracts given to quarterbacks like Dak Prescott, Jordan Love, Joe Burrow, and Josh Allen set new benchmarks. Mahomes will now average $63.1 million per year, surpassing Prescott’s $60 million.
His agency, Equity Sports, expressed excitement on social media, stating “The magic continues.” Mahomes had season-ending surgery last December for a knee injury but has been active throughout the offseason training in Kansas City. Head coach Andy Reid commended his progress, noting the importance of maintaining his connection with receivers during practice.
Mahomes aims to be ready for Week 1 of the new season. The Chiefs open against the Rams on August 15, but their first regular-season game is on September 14, facing Denver at Arrowhead Stadium. Mahomes is focused on daily improvement to meet his goal of returning to play with his teammates.
Since starting in 2018, Mahomes has achieved several records, accumulating nearly 36,000 passing yards, six Pro Bowl selections, and winning three Super Bowls. Last season, the Chiefs struggled with a 6-11 finish. Mahomes was on injured reserve for the final three games, all losses.
“As a competitor and as a football player, I want to be there,” Mahomes stated. “I can’t predict the future, but my focus is to excel each day and eventually be ready for Week 1.”
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