What is Patrick Mahomes' contract and salary breakdown?

Super Bowl LVII - Kansas City Chiefs v Philadelphia Eagles
Super Bowl LVII: Kansas City Chiefs quarterback Patrick Mahomes

Patrick Mahomes made NFL history this season by becoming the first quarterback to win two league MVP awards and two Super Bowls in his first six years. He also is the first Black quarterback to win multiple Super Bowls.

He might be young, but he is already being regarded as one of the top players in the game. Mahomes is also one of the highest-paid NFL players. Let us learn more about his contract with the Kansas City Chiefs.

In 2020, Mahomes agreed to a $450 million, 10-year contract with the Chiefs. The agreement includes a signing bonus of $10,000,000, a guarantee of $141,481,905 and an average yearly salary of $45,000,000.

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Mahomes will make $5,500,000 in base pay, $34,400,000 in roster bonuses and $550,000 in workout bonuses in 2023. He will also have a cap hit of $49,293,381 and a dead cap value of $94,880,143.

Patrick Mahomes is under contract with the Chiefs until 2031 before becoming a free agent in 2032. Mahomes will remain with the Chiefs for a considerable amount of time, and the team anticipates winning more Super Bowls.

Mahomes was selected by the Kansas City Chiefs with the 10th pick in the first round of the 2017 NFL draft. In July 2017, he agreed to a four-year, $16.42 million deal with them.

April 2020 saw Kansas City exercise a $24.8 million option for 2021, but Mahomes inked a 10-year, $450 million deal extension with the team three months later.

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Patrick Mahomes timeline

Kansas City Chiefs victory parade
Kansas City Chiefs victory parade

In the 2017 NFL draft, the Kansas City Chiefs selected Mahomes with the 10th choice. He only participated in one game during his first season, but by 2018, he had ascended to the position of the team's top signal caller. Over the course of the season, he completed 383 passes for 5,097 yards and 50 touchdowns with 12 interceptions.

Mahomes became the third quarterback to reach 50 touchdowns in a season, behind Peyton Manning and Tom Brady.

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In 2019, Patrick Mahomes led the Chiefs to a 31-20 victory over the San Francisco 49ers in the Super Bowl. In 2020, the Chiefs returned to the Super Bowl, but they were crushed 31-9 by the Tampa Bay Buccaneers.

Nevertheless, Mahomes led Kansas City to Super Bowl LVII in 2022, defeating the Philadelphia Eagles 38–35.

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