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Mahomes signs historic $500m guaranteed Chiefs deal

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Patrick Mahomes sealed the NFL’s first guaranteed half‑billion‑dollar deal, extending his Kansas City Chiefs contract through the 2032 season. The two‑year extension adds $504.75m in guaranteed money, pushing his total guaranteed earnings past $950m. At 30, Mahomes joins the league’s elite with a record‑setting payout. His performance history—three Super Bowls, two MVPs, and a 95‑31 career record—makes the figure seem justified.

The deal averages $64 million per season, the highest yearly salary in NFL history. By guaranteeing the full amount, Kansas City eliminates the typical performance‑based risk that other teams rely on. Mahomes now eclipses Buffalo Bills quarterback Josh Allen’s $330m contract by $170m, widening the gap between the league’s top earners and reinforces the Chiefs’ commitment after a 2025 losing stretch.

Mahomes’ extension arrives after a rare 6‑8 season in 2025, when an ACL tear sidelined him for the final three games. The guaranteed deal signals confidence that he can restore Kansas City to championship form and chase a third Super Bowl title in eight seasons. The contract now stands as the most lucrative definitely in all professional sport.