sports
Chiefs sign Patrick Mahomes to restructured contract worth more than $500m
The Kansas City Chiefs and their starting quarterback, Patrick Mahomes, have agreed to a restructured contract that adds two years to his deal and pushes his total compensation past a half-billion dollars, according to sources.
TL;DR
- Patrick Mahomes has agreed to a contract extension with the Kansas City Chiefs.
- The new deal adds two years to his contract, extending it through the 2033 season.
- The total compensation for the deal is $504.75 million, with potential to exceed $520 million.
- Mahomes' average annual salary will be $63.1 million, the highest among NFL quarterbacks.
- This restructuring provides the Chiefs financial flexibility to maintain talent around Mahomes.
- Mahomes is recovering from season-ending knee surgery in December and has participated in offseason activities.