The Chiefs and reigning NFL MVP Patrick Mahomes agreed to a restructure of his 10-year, $450m contract that gives him a substantial boost in pay over the next four seasons.
Equity Sports CEO Chris Cabott, who has helped to represent Mahomes going back to his draft year, told ESPN that the quarterback will make a guaranteed $210.6m from this season through the 2026 season, the most ever for a four-year span. That would represent a substantial increase over the salary on his latest deal, which ties him to the Chiefs through the 2031 season.
Cabott also said that the two sides were planning to revisit the contract once the next four seasons are played out.
Mahomes set the market with his original contract with Kansas City, but rapidly escalating salaries have continually pushed him down the list of the highest-paid at his position. The Bengals’ Joe Burrow shot to the top of the list when he signed his five-year, $275m deal before the season, which equates to an average of $55m per year. Mahomes will make just over $52.5m a year under the restructured contract, which is more in line with the likes of Burrow.
Mahomes, a two-time MVP, won his second Super Bowl ring with a comeback win over Philadelphia in February. The 28-year-old is already considered one of the most talented quarterbacks of all time.
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