Patrick Mahomes continues to rewrite NFL history, with the Kansas City Chiefs superstar quarterback set to stay with the franchise long-term after agreeing to a massive contract extension.
The deal adds two more years to his current contract, making him the first player in league history to cross the $500 million mark in total earnings.
The two-time MVP has signed a new extension worth $239.05 million, which, combined with the remaining years on his earlier 10-year agreement signed in 2020, takes the overall value of his contract to around $504.5 million. The three-time Super Bowl champion now holds the biggest deal ever seen in NFL history.
How Patrick Mahomes Secured the Biggest Contract in NFL History
Patrick Mahomes has once again reset the NFL financial record books, becoming the first player in league history to sign a contract that pushes past the half-billion-dollar mark. The Kansas City Chiefs quarterback secured a new level of earnings with a two-year extension that further strengthens his long-term future with the franchise. The latest deal is worth $239.05 million in fresh money, and when combined with the remaining six years on his previous 10-year extension signed in 2020, his total contract value climbs to around $504.5 million.
That makes him the highest-paid player in NFL history in terms of overall contract size. Mahomes' average annual value now sits just under $63.1 million, overtaking the previous benchmark of $60 million held by Dak Prescott. His original 2020 deal already placed him at the top of the league, and this extension has widened that gap even further, with potential incentives adding additional upside. His new contract is also expected to influence the wider quarterback market, with top names like Josh Allen and Lamar Jackson likely to benefit as teams continue to raise the financial ceiling at the position.
Top 10 NFL Contracts by AAV After Patrick Mahomes' Record-Breaking Deal Explained
| Rank | Player | Position / Team | Annual Average Salary (AAV) | Total Contract Value | Contract Duration |
|---|---|---|---|---|---|
| 1 | Patrick Mahomes | QB, Kansas City Chiefs | $64.0 Million | $504.75 Million | 8 Years (thru 2033) |
| 2 | Dak Prescott | QB, Dallas Cowboys | $60.0 Million | $240.00 Million | 4 Years (thru 2028) |
| 3 | Josh Allen | QB, Buffalo Bills | $55.0 Million | $330.00 Million | 6 Years (thru 2030) |
| 4 | Joe Burrow | QB, Cincinnati Bengals | $55.0 Million | $275.00 Million | 5 Years (thru 2029) |
| 5 | Trevor Lawrence | QB, Jacksonville Jaguars | $55.0 Million | $275.00 Million | 5 Years (thru 2030) |
| 6 | Jordan Love | QB, Green Bay Packers | $55.0 Million | $231.00 Million | 5 Years (thru 2029) |
| 7 | Matthew Stafford | QB, Los Angeles Rams | $55.0 Million | $160.00 Million | 4 Years (thru 2026) |
| 8 | Jared Goff | QB, Detroit Lions | $53.0 Million | $212.00 Million | 4 Years (thru 2028) |
| 9 | Brock Purdy | QB, San Francisco 49ers | $53.0 Million | $265.00 Million | 5 Years (thru 2030) |
| 10 | Justin Herbert | QB, Los Angeles Chargers | $52.5 Million | $262.50 Million | 5 Years (thru 2029) |
Patrick Mahomes' historic deal has not only set a new benchmark for NFL contracts but also signaled a new era of record-breaking quarterback salaries across the league.