Patrick Mahomes' contract restructure from Chiefs makes NFL history
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Patrick Mahomes received a historic contract restructure from the Kansas City Chiefs on Monday.
The Chiefs will be paying Mahomes $210.6 million between 2023 and 2026, which is the most money for an NFL player over a four-season span in league history, per ESPN.
The outlet adds that all of those millions are now guaranteed for arguably the best quarterback currently in the game.
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Kansas City Chiefs quarterback Patrick Mahomes directs the action during Super Bowl LIV against the San Francisco 49ers at Hard Rock Stadium in Miami Gardens, Florida, on Feb. 2, 2020. (Tammy Ljungblad/Kansas City Star/Tribune News Service via Getty Images)
It was the summer of 2020 when Mahomes became the league’s highest-paid player, signing a 10-year extension worth a whopping $450 million. While quarterbacks like Justin Herbert, Lamar Jackson, Jalen Hurts and Joe Burrow have all cashed in on extensions in 2023, no player has topped the total value of Mahomes’ contract with the Chiefs.
However, all four of those quarterbacks not named Mahomes have a higher annual average value on their contracts, with Burrow’s $55 million per year on his five-year, $275 million deal from the Cincinnati Bengals leading the way.
Mahomes won’t be topping Burrow, but he will now average $52.6 million over the next four seasons, which is second-highest in the NFL.
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"I don’t know that there’s really a way to quantify it financially, and no matter what he makes over his career, one way or another, he’ll be underpaid,"