Mahomes Lands NFL’s First $500 Million Contract Sport By lines June 11, 2026 Patrick Mahomes signed the richest contract in NFL history Wednesday. The Kansas City Chiefs reworked the deal to $504.75 million. Patrick Mahomes is now tied to Kansas City through the 2033 season. The agreement marks the first NFL contract above half a billion dollars. Two Added Years Push Mahomes Past Half a Billion The Chiefs added two years to Patrick Mahomes’ contract on Wednesday. The reworked deal carries $239.05 million in fresh new money. The total value reaches $504.75 million across 2026 through 2033. Kansas City finalized the agreement on June 11. The move extends a partnership that began in 2017. Patrick Mahomes can earn up to $522.25 million with incentives and escalators. The new money averages $64 million per year beginning in 2027. That figure sets an NFL record for average annual value. The Chiefs have committed $689.05 million in new money since 2022. No quarterback has reached that average before Mahomes. The first four years of the deal are guaranteed at signing. All $504.75 million becomes guaranteed through built-in contract mechanisms. The structure shields Patrick Mahomes after a serious knee injury. Mahomes tore his ACL and LCL on December 14, 2025. Mahomes underwent surgery on the knee one day later. Patrick Mahomes signed a 10-year, $503 million extension with Kansas City in 2020. That contract ranked as the largest in sports history at the time. The reworked deal now resets the quarterback market once again. No NFL contract had topped $500 million in total value before Wednesday. The 2020 deal had run through the 2031 season. Patrick Mahomes has anchored Kansas City since entering the NFL in 2017. The new deal locks Mahomes in for eight more seasons. The Chiefs guaranteed the first four years at signing. Kansas City committed $689.05 million in new money since 2022. The franchise bet big despite the December 2025 knee injury. The deal keeps Patrick Mahomes in Kansas City through the 2033 season. Mahomes will be 38 years old when the contract ends. The Chiefs reset the bar for every future quarterback negotiation. The new $64 million average tops every prior NFL salary figure. Kansas City added $239.05 million in new commitments to do it. Patrick Mahomes returns from a torn ACL and LCL suffered in December 2025. Coach Andy Reid said Kansas City will be fine at quarterback going forward. The Chiefs open the 2026 season against the Denver Broncos. Kansas City aims to defend its AFC standing behind Mahomes. The opener carries a Monday night spotlight. Related Sports Coverage Broncos vs Chiefs Headline 2026 Monday Night Opener Chiefs Reunite With L’Jarius Sneed on One-Year Deal Chiefs Reach Deal With First-Rounder Peter Woods Sources: ESPN reported the reworked deal and its $504.75 million value. NFL Network confirmed the contract as the first NFL deal over $500 million. CBS Sports and Yahoo Sports detailed the guarantees and the average annual value.
