Patrick Mahomes has extended his contract with the Kansas City Chiefs through 2033.
Mahomes, 30, has won three Super Bowl titles with the Chiefs and He signed a 10-year contract in 2020 With a value of up to $503 million.
He has now added another two years to that deal to ensure his survival In the NFL For another seven years.
Reports indicate that his new, restructured contract brings his total compensation to more than half a billion dollars.
The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and comes at $504.75 million, with incentives and escalators that could push the value beyond $520 million.
The Chiefs and Mahomes regularly rework his contract in the offseason, giving the team the financial flexibility to surround him with enough talent to compete for championships. However, the latest deal includes a significant pay raise after recent trades made with other quarterbacks — including Dak Prescott, Jordan Love, Joe Burrow, and Josh Allen — that have reset the QB market.
Prescott’s four-year deal included a league-leading average of $60 million per year. Mahomes will average $63.1 million.
Mahomes underwent season-ending surgery last December after tearing ligaments in his left knee in the final minutes of the loss to the Chargers.
He spent the entire offseason rehabbing the injury in Kansas City, and has been on the field for the Chiefs’ entire offseason program, which concludes Thursday with the final day of their mandatory three-day minicamp.
