The Patrick Mahomes story has taken another turn. He just signed a historic contract extension with the Kansas City Chiefs.
NFL experts Ian Rapoport and Adam Schefter broke the news on Wednesday evening. They reported that the three-time Super Bowl champion agreed to a reworked deal that will keep him with the AFC West team through the 2033 season.
This deal is worth $504.75 million, making it the first deal in NFL history worth more than $500 million. The first four years of this agreement are guaranteed.
Additionally, Mahomes can increase this deal through playing incentives. You can earn up to $522.25 million. NFL insiders did not provide details on these incentives, but most contractual incentives are tied to on-field performance and team performance.
For example, if a quarterback leads a team to the playoffs, he can earn a certain amount. If they take the team to the playoffs, they win more. If they make it to the Super Bowl, they’ll win even more.
like someone who has won MVP twice and led the Chiefs to the Super Bowl five times, it’s very likely that Mahomes will achieve some of these incentives.
For now, however, he will simply begin the season as the highest-paid quarterback. He will earn $64 million a year, surpassing Cowboys quarterback Dak Prescott with $60 million.
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This contract extension comes at a time when NFL fans are wondering about Mahomes’ return to the field. The veteran quarterback ended last season early after tearing the LCL and ACL against the Chargers.
He has focused on rehab as the Chiefs prepare for the 2026 NFL season, but it is still unclear if he will be healthy in time for Week 1.
The Chiefs begin the season with a game on September 14 against the rival Broncos. They will host the Week 1 matchup, which will begin Monday night football.
Polymarket merchants They have focused on Mahomes’ health throughout the offseason. They have placed their bets on his return.
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Traders currently have Mahomes’ chances of starting Week 1 are 57%. Bengals backup Joe Flacco is second on the list at 31%.
Traders don’t value new Chiefs quarterback Justin Fields, who came to the team in a trade after last season.
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