Patrick Mahomes can now celebrate his team’s first win of the 2023 season with a nice payday. On Monday, Mahomes and the Kansas City Chiefs officially agreed to restructure his contract, which will result in the two-time Super Bowl champion being paid $210.6 million between 2023-26. That’s the largest sum over a four-year span in NFL history.
“The deal resets cash flow and guarantees for the QB market. Mahomes has now received over $273M in guarantees since the deal was originally signed in 2020 — an NFL record — and that excludes guarantee mechanisms that provide for an all-inclusive $450M in guarantees, per me and @TomPelissero,” said NFL Network’s Ian Rapoport. Mahomes’ reworked deal generated some buzz in NFL social media circles this afternoon.
“Congrats,@PatrickMahomes! Did Clark Hunt include a card with this nice birthday gift? Much deserved,” said former Chiefs quarterback Matt Cassel. “Not that Mahomes would ever pull a Chris Jones… But it is a nice sense of relief knowing the Chiefs did the right (and smart) thing for Mahomes’ new contract. Securing our dynasty QB for years to come,” said one Chiefs fan. “52.65M APY in new money for Patrick Mahomes. Still the most team-friendly contract in the NFL,” added Packers writer Wendell Ferreira.
“They definitely had to do this after the Burrow monster deal,” another user wrote.”Yo @PatrickMahomes, you think i could get some money to pay my rent? its tough out here,” joked a Chiefs fan. Through two games, Mahomes has passed for 531 yards, four touchdowns and two interceptions, including 305 yards passing, two scores and one INT in yesterday’s 17-9 win over the Jacksonville Jaguars. Star quarterback Patrick Mahomes and the Chiefs reached an agreement on Monday over a record-setting restructured contract which will place him back among the league’s top earners.
As part of his new deal, Mahomes will be paid a guaranteed $210.6 million between 2023-‘26, which is the most money across any four-year span in league history. The two sides will reportedly revisit the deal after the ‘26 season, per ESPN. After signing his restructured deal, just one day after turning 28, Mahomes took to social media with a three-word message in order to express his gratitude. The NFL world on social media had plenty to say about Mahomes’s new deal, too, as fans and even some players fired off strong reactions after the news was reported. Kansas City Chiefs quarterback Patrick Mahomes is already clearly on the course to be one of the best quarterbacks in NFL history.
And it seems like the Chiefs clearly see that, restructuring his contract which will earn him a historic amount for the next three seasons. Mahomes is under contract with the Chiefs for the next four seasons with the 2023 season included. And that money will now be fully guaranteed for the remainder of his contract. According to ESPN’s Adam Schefter, the Chiefs have restructured Mahomes’ contract, and he will now receive $210.6 million between 2023 to 2026.
This is the most money that any player has ever received over a four-year span, and the Chiefs will revisit the agreement again after the 2026 season. It’s obviously a ridiculous amount of money that Mahomes will be getting over the next four years. But if anyone deserves it, it is Mahomes considering how much value he brings to the Chiefs organization. Fans offered their opinion on this news and seem to believe that it is money well spent by the Chiefs organization.Mahomes will now be making slightly more than Cincinnati Bengals quarterback Joe Burrow for the next four seasons, who received the biggest contract in NFL history at the start of the 2023 season.
Considering he has brought the Chiefs organization two Super Bowl championships in his tenure with the team, they can certainly bite the bullet and pay him what he rightfully deserves for the foreseeable future. In Patrick Mahomes’ restructured contract with the Chiefs, he receives $210.6 million between 2023 and 2026, according to Rapoport. That is the most in NFL history over a four year span. The compensation is guaranteed and with escalators, he could get up to $218.1 million by the end of 2026. With quarterbacks like Josh Allen, Joe Burrow, Justin Herbert and Lamar Jackson getting their long-term extensions in recent years, getting paydays that were significantly more than what Mahomes was going to receive before the restructure.
