Patrick Mahomes Contract: Salary, Years, Guaranteed Money

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Kansas City Chiefs quarterback Patrick Mahomes (15) during an NFL preseason football game against the Cleveland Browns Saturday, Aug. 26, 2023, in Kansas City, Mo.
(AP Photo/Ed Zurga)
Chase Kiddy @chaseakiddy Feb 09, 2024, 4:20 PM

Patrick Mahomes made history in 2020 when he signed a 10-year, $450 million contract. At the time, it was the biggest contract by total value in NFL history, though ensuing deals eventually reset the market.

Then, on Sept. 18, 2023, Mahomes and the Chiefs agreed to a restructured contract that once again made history.

Mahomes’ new deal includes more than $200 million in guarantees. 

Patrick Mahomes Contract

Patrick Mahomes was previously under contract with Kansas City through 2031. However, the new, restructured deal effectively ends Mahomes’ current status with the Chiefs after 2026, as both parties agree to revisit the contract.

Patrick Mahomes Guaranteed Money

Patrick Mahomes’ new contract with the Chiefs reportedly guarantees him $210.6M through the 2026 season. That’s a new NFL record for cash earnings in a four-year window. 

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.