The QB now receives $210.6M between 2023 and 2026, the most in NFL history over a four-season span

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We saw many quarterbacks extending their contracts this offseason. We even saw the record of the biggest contract in the league’s history being broken four times. Currently, Joe Burrow is the highest-paid player in the league in terms of annual average salary. And now the Kansas City Chiefs are restructuring Patrick Mahomes’ contract.

Before Burrow, Jalen HurtsLamar Jackson and Justin Herbert all broke the record for the highest-paid player in the history of the NFL. Following Joe Burrow’s contract extension, Mahomes dropped to eighth among quarterbacks in average annual salary. With an AAS of $45 million, he fell behind Burrow, Herbert, Jackson, Hurts, Russell Wilson, Kyler Murray and Deshaun Watson. Now, the new cash flow gets Mahomes back to where he belongs near the top.

Mahomes and the Kansas City Chiefs have agreed to terms on a restructured contract that pays the QB $210.6 million between 2023 and 2026. This is the most in history over a four-year span, NFL Network Insiders Ian Rapoport and Tom Pelissero reported on Monday. The agreement could reach $218.1 million with escalators by the end of 2026. The $210.6 million is guaranteed over the next four years.

Sides also plan to revisit the deal again after the 2026 season, effectively cutting the remaining years on the deal from eight to three. In simple terms, the Chiefs moved up money to adequately compensate the NFL’s best player. And also shortened the deal to give Mahomes another shot at a payday as QB contracts continue to rise.

In 2020, Mahomes agreed to a 10-year, $450 million extension with the Chiefs. That deal put him under contract through the 2031 season.

Patrick Mahomes in 2023

After winning the Super Bowl LVII last season, Patrick Mahomes had a tough start of season in 2023. He only led the Chiefs to 20 points in Week 1’s loss on Season Opener and 17 points last Sunday in Week 2’s win. In those two games this season he has 50 completions in 80 pass attempts, for 531 yards, four touchdowns and two interceptions. The Kansas City Chiefs are 1-1 after losing 21-20 vs. the Detroit Lions and beating the Jacksonville Jaguars 17-9.

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