KANSAS CITY, Mo. — The Kansas City Chiefs and Patrick Mahomes have reportedly agreed to a contract extension that will keep the superstar quarterback in the red, gold and white through the 2033 season.
ESPN's Adam Schefter reports Mahomes' contract is now valued at $504.75 million, making it the first NFL deal to be worth over a half-billion dollars.
All $504.75 million becomes guaranteed through contract mechanisms, according to reports.
The deal will average $64 million per year once the new money begins rolling in starting in 2027. That average value will set a new NFL record.
Shortly after Schefter broke the news of Mahomes' contract extension, the Chiefs took to social media, saying, "He's our QB1 and you can't have him."
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