Overview
- The Chiefs added two years and $239.05 million in new money on Wednesday, raising Mahomes’ reported total to $504.75 million with escalators and incentives that could push it to $522.25 million.
- The first four years of the reworked agreement are guaranteed at signing and the reported structure uses contract mechanisms to make the full $504.75 million eventually guaranteed.
- When the new money takes effect in 2027 the contract will average $64 million per year, setting a new NFL record for average annual value.
- Mahomes is still rehabbing the ACL and LCL tears he suffered in December 2025 but has progressed to 7-on-7 work and the team says it is optimistic about his availability for the 2026 season.
- Beyond securing their franchise quarterback through the 2033 season, the Chiefs say the revision protects long-term roster planning and marketing plans tied to Mahomes, including his role in the team’s planned new stadium and continued market influence on QB salaries.