Patrick Mahomes is undeniably one of the NFL’s brightest stars, both on and off the field. His groundbreaking 10-year, $450 million contract with the Kansas City Chiefs, signed in 2020, made history as the largest in U.S. sports, surpassing Mike Trout’s $426.5 million MLB deal. With potential incentives, Mahomes’ deal could reach a staggering $503 million, making it the most valuable in NFL history.
Despite earning $50 million annually, the structure of his contract allows the Chiefs to maintain salary cap flexibility. This strategic setup ensures Mahomes is well-compensated while enabling the team to build a competitive roster. “It’s not just about me; it’s about the team,” Mahomes has emphasized in the past.
Mahomes’ contract is designed to reward success. For example, if he plays at least 50% of the snaps and leads the Chiefs to victory in Super Bowl 59 against the Philadelphia Eagles on February 9, 2025, he will earn a $1.25 million bonus.
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While modest compared to his overall earnings, this bonus reflects his contract’s performance-based incentives. Off the field, Mahomes continues to rake in millions through endorsements with major brands like Adidas, Oakley, and State Farm, further solidifying his financial legacy.
Mahomes’ smart financial moves
The quarterback has also demonstrated a willingness to restructure his deal for the team’s benefit. In 2024, he converted $27 million of his salary into a signing bonus, creating additional cap space for the Chiefs. His guaranteed earnings from 2023 to 2026 total $210.6 million, marking the largest four-year guarantee in NFL history. The Chiefs hold the option to renegotiate his contract after the 2026 season, depending on his performance and the team’s financial needs.
Mahomes’ on-field achievements are equally remarkable. If he leads the Chiefs to victory in New Orleans, he will become only the third quarterback to start in five Super Bowls, joining legends Tom Brady and John Elway. At just 29 years old, he would also become the youngest quarterback to achieve this feat.
His postseason record is already historic, with 17 career playoff wins and 50 postseason touchdowns-second only to Brady’s 35 wins and 95 touchdowns. His connection with tight end Travis Kelce is record-breaking as well, with the duo combining for 20 playoff touchdown passes, the most in NFL history. As Mahomes continues to excel, he’s not just playing for money but for a legacy that cements him among football’s all-time greats.
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