The Kansas City Chiefs and Patrick Mahomes have agreed to a reworked NFL contract that adds two years, runs through the 2033 season and lifts the quarterback's total compensation to $504.75 million, according to The Associated Press.
Patrick Mahomes Deal Runs Through 2033
AP reported that a person familiar with the terms confirmed the agreement because the Chiefs do not disclose financial details of player contracts. Kansas City later posted a photo of Mahomes signing the extension on social media.
The new structure extends Mahomes' previous deal by two years. It also includes incentives and escalators that could raise the total value to $522.25 million.
Mahomes signed a 10-year, $450 million contract in 2020, a deal that changed the top end of the NFL quarterback market and became a reference point well beyond Kansas City. The reworked contract now keeps him with the Chiefs through the season in which he will be 38.
Kansas City Chiefs Keep Their Quarterback Window Open
The Chiefs' calculation is not hard to read. Elite quarterback stability is the NFL's most expensive comfort, and Kansas City has chosen the deluxe version with reinforced stitching.
Chiefs chairman Clark Hunt praised Mahomes' role in making Kansas City one of the league's defining franchises of the past decade. AP reported Hunt's comments crediting Mahomes with helping the team reach five Super Bowls, win three championships and grow the Chiefs' profile nationally and internationally.
The structure also gives the Chiefs a longer runway as they manage the rest of the roster around Mahomes. Contracts of this size are never only about one player; they shape cap planning, roster timing and the club's ability to keep a championship core competitive.
Mahomes Contract Resets Chiefs Long-Term Planning
The agreement does not change the obvious football reality in Kansas City: the Chiefs remain built around Mahomes. What it does change is the horizon. The franchise now has its quarterback position contractually mapped into the next decade.
For Mahomes, the deal pushes his compensation past the half-billion-dollar line while keeping him in the only NFL home he has known. For the Chiefs, it removes any near-term suspense around the most important job in the building.
That matters before training camp, before the next playoff push and before the next round of quarterback-market comparisons. Kansas City has treated uncertainty at quarterback like something best left to other teams, which is generally a sensible position when Patrick Mahomes is already in your building.