In a new contract between the Kansas City Chiefs and Patrick Mahomes, he will receive the most money in NFL history—$210.6 million—over the course of four seasons, from 2023 to 2026. The quarterback’s representative informed ESPN’s Adam Schefter that the quarterback’s payment for those years is now secured.
Chris Cabott, the CEO of Equity Sports, who negotiated the deal on behalf of Mahomes, told Schefter that the Chiefs and Mahomes intend to review the pact once more following the 2026 campaign.
When Mahomes signed a 10-year agreement worth $450 million in the summer of 2020, he rose to the position of the highest-paid player in the NFL. No player has subsequently surpassed that deal in terms of overall value, but a number of quarterbacks, including four this year — Lamar Jackson, Jalen Hurts, Justin Herbert, and Joe Burrow — have earned more than Mahomes on average each year.
Burrow was the most recent to negotiate an agreement; he signed a five-year, $275 million extension with the Cincinnati Bengals, which averages $55 million per season and includes a $219.01 million guarantee.
Before Monday’s agreement, Mahomes was the eighth-highest-paid player at his position due to the frenzy of new contracts. With his renegotiation, he will earn $52.6 million on average over the following four seasons, more in line with recent quarterback contracts.
In his first six seasons, Mahomes, 28, has guided the Chiefs to two Super Bowl titles and twice been voted NFL MVP, winning the game’s MVP each time. He is in his seventh NFL season with the Chiefs, who are 1-0.
The final year of Mahomes’ deal is the 2031 campaign.