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.Â
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.Â
Live Betting at BetMGM
When the action starts on the field, the action doesn’t stop at the sportsbook.
Live betting is available for every NFL preseason, regular-season, and postseason game at BetMGM. From player props like Aaron Jones’ rushing yards or Ezekiel Elliott touchdowns to game odds like the spread, moneyline, or over/under, there are a variety of opportunities to bet on NFL.
If you’re new to the online sportsbook, register today with a sportsbook welcome promotion. And check out sportsbook promos each time you log in.
