Patrick Mahomes’ Contract: Breakdown, Salary, Years, Guaranteed Money

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Kansas City Chiefs quarterback Patrick Mahomes celebrates
(AP Photo/Charlie Riedel)
BetMGM @BETMGM Feb 12, 2023, 10:21 PM

Patrick Mahomes signed a 10-year, $450 million contract during the 2020 offseason. It’s the biggest contract by total value in NFL history.

His contract has $141 million in total guarantees with an average annual salary of $45 million. His deal ends in 2032 when he will be 37 years old. 

What is Patrick Mahomes’ Salary?

Patrick Mahomes made $1.5 million in base salary with a $2 million signing bonus and a $27.4 million roster bonus in 2022. He had a cap hit of $35.8 million and would’ve had a dead cap value of $130.7 million.

Mahomes will have a base salary of $5.5 million with a signing bonus of $2 million and roster bonus of $34.4 million in 2023. He will have a cap hit of $46.8 million and a dead cap value of $94.9 million.

With a win over the Philadelphia Eagles in Super Bowl LVII, Mahomes became the active leader in most Super Bowl wins among quarterbacks. He now has two Super Bowl wins and is 2-1 in three total appearances.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.