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Mahomes Signs $504M Deal, First NFL $500M Contract

6/11/2026

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Summary

Story summary

Patrick Mahomes signed a restructured Chiefs contract that makes him the NFL’s first player with a deal over $500 million.
The deal runs through 2033, is worth $504.75 million, adds $239.05 million in new money and could rise to $522.25 million, averaging $64 million per year from 2027.
Mahomes, who tore his ACL and LCL in December 2025, has been rehabbing, doing 7-on-7 drills and aims to be ready for Week 1 versus Denver on September 14.

History

Historical Context

In 1994 the NFL introduced a $33.8 million salary cap, forcing teams to reshape payrolls. The Dallas Cowboys, still dominant after back-to-back Super Bowls, navigated the new limits, illustrating how star contracts would be managed. Patrick Mahomes’ $504.75 million Chiefs extension for 2025 pushes that model to its limit, prompting owners like Robert Kraft to discuss higher cap thresholds for the 2030s.

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Story summary

Patrick Mahomes signed a restructured Chiefs contract that makes him the NFL’s first player with a deal over $500 million.
The deal runs through 2033, is worth $504.75 million, adds $239.05 million in new money and could rise to $522.25 million, averaging $64 million per year from 2027.
Mahomes, who tore his ACL and LCL in December 2025, has been rehabbing, doing 7-on-7 drills and aims to be ready for Week 1 versus Denver on September 14.

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