In addition to being a quarterback who breaks records, Patrick Mahomes is a financial pioneer in the sports industry. His $450 million, ten-year contract with the Kansas City Chiefs is still regarded as one of the most creative in NFL history, establishing new benchmarks for the pay of elite athletes.
Even though his base pay isn’t the highest among quarterbacks nowadays, his total cash flow guarantees that he will always be among the highest paid players in the league. Mahomes has been able to optimize his income while providing the Chiefs with financial flexibility by consistently renegotiating his contract.
Patrick Mahomes: Salary, Contract, and Career Earnings
| Category | Details |
|---|---|
| Full Name | Patrick Lavon Mahomes II |
| Born | September 17, 1995 (Age 29) |
| Height | 6 ft 3 in (1.91 m) |
| Position | Quarterback |
| Team | Kansas City Chiefs |
| NFL Debut | 2017 |
| Drafted | Round 1 (#10 overall) |
| Current Contract | 10-year, $450 million (2020-2031) |
| Base Salary (2025) | $16.65 million |
| Roster Bonus (2025) | $32.35 million |
| Cap Hit (2025) | $66.2 million |
| Total Career Earnings | Over $180 million |
| Endorsements | Adidas, Oakley, State Farm, Bose, Coors Light |
| Business Ventures | Owner of Kansas City Royals, Sporting KC, Alpine F1 |
| Net Worth | Estimated $150 million |
| Reference | Kansas City Chiefs Official |
The NFL Record-Shattering $450 Million Contract
- The Structure of Mahomes’ Agreement for Long-Term Dominance
Mahomes inked the biggest contract in NFL history at the time, a 10-year, $450 million extension, in July 2020.
With a $141 million injury guarantee, financial stability is ensured.
Future salary protections are triggered by rolling guarantees.
With performance-based escalators, the deal might surpass $500 million.
In contrast to conventional contracts, Mahomes’ agreement gives the Chiefs control over their cap space and ensures that his salaries are fully guaranteed years in advance, providing a long-term financial safety net.
- Restructuring in 2023: Converting a 10-Year Agreement into a 3-Year Pension
In 2023, the Chiefs changed Mahomes’ contract to a three-year, $210.6 million deal, making him the highest-paid player in NFL history for a four-year period.
2023–2026 additional earnings of $48.3 million.
Kansas City’s cap flexibility to sign other important players.
To spread out cap hits, two void years (2032–2033) were added.
The decision allowed the Chiefs to remain competitive for additional Super Bowl runs while guaranteeing Mahomes received just compensation.
How Much Mahomes Makes in Relation to Other Quarterbacks
- Does Mahomes Get Paid Too Little?
Several quarterbacks have now surpassed Mahomes’ $45 million yearly salary, even though he signed a record contract.
The Bengals’ Joe Burrow makes $55 million annually.
The Chargers’ Justin Herbert makes $52.5 million annually.
$52 million annually for Lamar Jackson (Ravens).
Even though his yearly salary isn’t the highest on average, his four-year cash earnings are unrivaled, demonstrating that his contract structure is worth more than the annual salary alone.
- Will the Chiefs Face Issues Due to the $66.2 Million Cap Hit in 2025?
Mahomes’ $66.2 million 2025 cap hit, which, if unaltered, would be the highest in NFL history, is one of Kansas City’s biggest obstacles.
In order to free up cap space, it will probably be reorganized once more.
He might stay in Kansas City past 2031 if he signs a new contract in 2026.
There may soon be another record-breaking extension.
Mahomes is anticipated to renegotiate once more in order to maintain his position as one of the highest-paid players in the NFL as the salary cap increases.
Outside of the NFL: Mahomes’ Abundant Off-Field Profits
- Endorsements: One of the Sports Industry’s Most Marketable Sportsmen
With more than $50 million in sponsorship revenue each year, Mahomes has amassed a sizable endorsement portfolio.
Adidas, Oakley, Bose, Coors Light, and State Farm are among the brands.
signed with BioSteel Sports Nutrition for a number of years.
released the Adidas Mahomes 2.0 Signature Sneaker.
He is one of the most marketable athletes in the world due to his charisma, dominance on the field, and star power.
- Business Investments: Taking Control of Sports’ Future
Mahomes became a sports franchise owner before turning thirty thanks to his prudent investment of his earnings.
part-owner of the youngest team in Major League Baseball history, the Kansas City Royals.
Increasing his presence in professional soccer, he is an investor in Sporting KC (MLS).
Alpine F1 stakeholder, along with Travis Kelce and Ryan Reynolds.
Mahomes is securing long-term wealth outside of football by making investments in a variety of sports and industries.
What Will Happen to Mahomes’ Pay and Career Profits Next?
- Will Mahomes Sign Another Contract That Breaks Records?
After 2026, Mahomes is probably going to renegotiate his contract once more in light of the growing salary cap.
NFL contracts are reaching all-time highs thanks to new TV deals.
He could earn more than $60 million annually with another extension.
The Chiefs will stop at nothing to retain Mahomes in the long run.
In the upcoming years, he is anticipated to break new financial records, even though his current contract is still historic.
- Is Mahomes Going to Be the First Billionaire in the NFL?
Mahomes has a clear route to becoming the first quarterback to earn a billion dollars if he maintains his dominance on the field and makes wise investments.
His portfolio of endorsements keeps expanding.
There are no indications that his business endeavors will slow down.
His career earnings could surpass $800 million if he signs any more contracts.
Mahomes has the potential to change the definition of financial success for NFL players if he continues to play at his current level and grows his off-field business.
