{"id":696521,"date":"2026-06-10T22:47:09","date_gmt":"2026-06-10T22:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/696521\/"},"modified":"2026-06-10T22:47:09","modified_gmt":"2026-06-10T22:47:09","slug":"patrick-mahomes-chiefs-agree-to-record-contract-extension-exceeding-500m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/696521\/","title":{"rendered":"Patrick Mahomes, Chiefs agree to record contract extension exceeding $500M"},"content":{"rendered":"

Patrick Mahomes and the Kansas City Chiefs have agreed to a contract extension with an NFL record total value of $504.75 million, Mahomes\u2019 agency Equity Sports announced Wednesday<\/a>.<\/p>\n

The agreement adds two years to Mahomes\u2019 deal, according to multiple reports, putting him under contract with Kansas City through 2033. ESPN was the first to report the deal.<\/p>\n

Mahomes signed a then-record 10-year, $450 million contract (with an additional $50 million available via incentives) in July 2020, putting him under contract through 2031. The Chiefs have restructured the deal multiple times to lower Mahomes\u2019 cap hit, but this is the first time since then that new years or money have been added. Before this extension, Mahomes had slipped to 13th in average annual value among quarterbacks, per Over the Cap.<\/p>\n

With the extension, Mahomes will be under contract for at least three years longer than any other quarterback. No other active QB is on a contract longer than six years, and the second-largest total value of a contract behind Mahomes\u2019 new deal is $330 million (Josh Allen).<\/p>\n

Chairman and CEO Clark Hunt on Patrick Mahomes\u2019 extension. pic.twitter.com\/i4aSQkI4Z4<\/a><\/p>\n

\u2014 Kansas City Chiefs (@Chiefs) June 10, 2026<\/a><\/p>\n

How is Mahomes progressing after mid-December knee surgery?<\/p>\n

Mahomes, who had surgery in mid-December for a torn ACL and LCL in his left knee, has participated during installs, individual drills and 7-on-7 during organized team activities and mandatory minicamp the last few weeks. He\u2019s still being held out of team 11-on-11 settings as a precaution, and he told reporters in late May<\/a> that he wasn\u2019t running or cutting much then, as both would be among his next recovery milestones.<\/p>\n

Even when he\u2019s not on the field, Mahomes serves as a critical voice during practices. On Wednesday at minicamp, for example, he jawed at defenders during 7-on-7 drills to turn up the competitiveness on both sides. He also shouted out encouragement to second-year receiver Jalen Royals \u2014 \u201cGood catch, 1-1!\u201d \u2014 from the sideline after Royals made a standout play during the team portion of practice.<\/p>\n

Mahomes has publicly stated a few times that his goal is to return for the Chiefs\u2019 season-opening home game against the Denver Broncos on Sept. 14.<\/p>\n

Chiefs general manager Brett Veach, during an interview broadcast to Chiefs fans attending practice Wednesday, described Mahomes as the \u201cultimate leader.\u201d He lauded the QB for his extensive rehab work, saying that when he showed up to the Chiefs\u2019 facility on a recent Monday, the only other person there was Mahomes.<\/p>\n

Coach Andy Reid has also praised Mahomes for his exhaustive rehab effort, and has had a chance to see it firsthand this offseason<\/a> while recovering from his own knee surgery.<\/p>\n

\u201cAll I have to be able to do is stand up on the sideline.\u00a0So (my job is) a little bit easier than what his is,\u201d Reid said with a laugh during the NFL annual meeting in March. \u201cBut he\u2019s done a great job of attacking it. I\u2019ve been right there, been able to watch him do it.\u201d \u2014 Jesse Newell<\/p>\n

This story will be updated.<\/p>\n