This offseason, the QB contract dominoes were falling all over the place, completely resetting the market. Four different players have held the title of “the highest-paid quarterback in the NFL” in recent months, which has naturally pushed a few players down the list, including Patrick Mahomes. With a new market, it was only a matter of time before the defending NFL and Super Bowl MVP and the Chiefs returned to the negotiating table and struck a fair deal, which they have now.
According to ESPN, Mahomes and the Chiefs have agreed to a restructured contract that will pay him $210.6 million between the 2023 and 2026 seasons. That is the most money given to a player in NFL history over a four-year period, and his compensation during that time is guaranteed. Kansas City is reportedly planning to revisit Mahomes’ contract after the 2026 season.
Mahomes agreed to terms with the Chiefs on a 10-year, $503 million contract. The contract was the largest in American professional sports history, and the quarterback was the first professional athlete to sign a contract worth a half-billion dollars. Nonetheless, Mahomes’ contract ranked eighth among quarterbacks in terms of average annual salary ($45 million). following Contract extension for Joe Burrow ($55 million in AAV). The 28-year-old is now looking at a fully guaranteed AAV of $52.65 million, which would place him second among quarterbacks and just above the Chargers’ Justin Herbert.
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