Patrick Mahomes has extended his contract with the Kansas City Chiefs until 2033.
Mahomes, 30, has won three Super Bowl titles with the Chiefs and signed a 10-year contract in 2020 worth up to $503m.
He has now added two more years to that deal to ensure he will stay in the NFL for another seven years.
Reports state that his new, restructured contract pushes the total compensation past half a billion dollars.
The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and it comes in at $504.75 million, with incentives and escalators that could push the value beyond $520 million.
The Chiefs and Mahomes regularly rework his contract in the offseason, giving the team the financial flexibility to surround him with enough talent to compete for championships. The latest deal, though, includes a hefty pay increase after recent deals done for other quarterbacks — among them Dak Prescott, Jordan Love, Joe Burrow and Josh Allen — had reset the QB market.
Prescott’s four-year deal included a league-leading average of $60 million per year. Mahomes will average $63.1 million.
Mahomes underwent season-ending surgery last December after tearing ligaments in his left knee in the waning minutes of a loss to the Chargers.
He has spent the entire off-season rehabbing the injury in Kansas City, and he has been on the field for the entirety of the Chiefs’ offseason program, which concludes on Thursday with the final day of their mandatory three-day minicamp.
