Kansas City Chiefs superstar quarterback Patrick Mahomes has made plenty of history on the field throughout his NFL career. Now, he’s making history with his bank account.

On Wednesday, ESPN reported that Mahomes and the team had agreed to a new deal for the star quarterback that will keep him under contract with the Chiefs through 2033. As for the compensation, it’s historically hefty.

According to ESPN’s report, new money on the deal is worth $239.05 million, with the total value now at $504.75 million from 2026 through 2033. Notably, ESPN reports that “all $504.75 million becomes guaranteed through contract mechanisms.”

With that, Mahomes has made history, becoming the first player in NFL history to sign a contract worth more than $500 million.

“Over the last decade Patrick has become one of the most iconic, beloved sports figures of all-time,” Chiefs owner Clark Hunt said, via ESPN. “He has helped lead our franchise to five Super Bowl appearances and three championships, he has been instrumental in shaping the Chiefs brand and putting Kansas City on the world stage, and on top of it all he has been an outstanding role model in the community. Patrick is a generational talent and an elite human being, and I’m so excited he will continue to lead our team into the future.”

After signing the massive contract, Mahomes’ next task is simply getting back on the field.

Mahomes suffered a season-ending torn ACL and LCL on Dec. 14, 2025, and underwent surgery the next day. He has since been rehabbing the injury, and the Chiefs have remained optimistic throughout the offseason that he’ll be ready for Week 1, when they host the Denver Broncos on “Monday Night Football.”

Regardless of his short-term availability, the Chiefs have now locked him down in the long run as they look to continue their dynasty and hopefully chase more Super Bowls.

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