Chiefs signed Patrick Mahomes to a two-year contract extension.

10 June 2026

Per ESPN’s Adam Schefter, Mahomes is set to make $504.7 million between now and the 2033 season. Mahomes initially signed his record-setting, 10-year extension in 2020. It was worth $450 million at the time. Quarterback salaries have since skyrocketed, making Mahomes’ contract one of the most team-friendly deals for a high-end quarterback in the NFL. On a per-year basis, Mahomes was just the 13th-highest paid quarterback before this extension. He’s now making $64 million per year, a new high for the league, up from $45 million. Schefter also noted that the first four years of the deal are fully guaranteed and contract mechanisms functionally guarantee the rest.