Inside Patrick Mahomes’s Restructured Deal, the Largest Over a Four-Season Span in NFL History
The quarterback’s agent texted the Chiefs the night before his second Super Bowl win. Seven months later, the team fulfilled its side of a promise that, everyone hopes, will lead to the signal-caller spending the rest of his career in Kansas City.
On the Friday night before Super Bowl LVII, Patrick Mahomes’s agent Chris Cabott texted the Chiefs, nudging them on the idea of redoing the transcendent quarterback’s contract.
The response: In 48 hours, Mahomes would be a champion again, and at that point the team would work through all the “wonderfulness” that comes with that. Sure enough, the 27-year-old held up his end of the bargain, outgunning the Eagles in a wild Super Bowl shootout to win his second ring. And seven months later, the team has fulfilled its side of a promise that, everyone hopes, will lead to Mahomes being a Chief for the rest of his career.
After spending the past six months exploring amending the 10-year extension Mahomes signed in 2020 for the current fast-changing NFL economic times—and last month working on it in earnest—the team and its franchise player reached agreement on a unique restructure for a unique talent who’s spent the past five years at the pinnacle of the sport.
What’s different about this quarterback deal is it adds no new years and no new money, but pushes all kinds of cash forward to recognize where the market has gone in the three years since the sides did their 2020 deal. Mahomes will now make $208.1 million between 2023 and ’26, the most money over a four-year span in NFL history.
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The Chiefs and Patrick Mahomes have restructured his agreement, giving him $210.6 million between 2023 and 2026, the most money in NFL history over a four-season span.
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Chiefs' Patrick Mahomes gets historic payday with restructuring
The Kansas City Chiefs and Patrick Mahomes have restructured his agreement, giving him $210.6 million between 2023 and 2026, the most money in NFL history over a four-season span. His compensation for those years is now guaranteed, the quarterback's agent told ESPN's Adam Schefter on Monday.
The Chiefs and Mahomes plan to revisit the agreement again after the 2026 season, Equity Sports CEO Chris Cabott, who negotiated the deal on behalf of Mahomes, told Schefter.