Patrick Mahomes leaps past Dak Prescott as NFL's highest-paid QB with record Chiefs extension worth $504.75M

It seemed a bit, let's say, irregular complete nan past fewer years to spot NFL quarterbacks who had ne'er won aliases moreover played successful a Super Bowl surpass Patrick Mahomes arsenic nan league's highest-paid quarterback.

That's changing starting successful 2027.

On Wednesday, Mahomes vaulted complete nan full backmost battalion successful agreeing to a caller statement pinch a two-year hold that is worthy $504.75 cardinal and ties him to nan Kansas City Chiefs done nan 2033 season. ESPN was first to study nan news.

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Kansas City Chiefs backmost Patrick Mahomes walks disconnected nan section aft an NFL crippled against nan Las Vegas Raiders successful Kansas City, Mo., connected Oct. 19, 2025. (Reed Hoffmann/AP)

The woody is not yet signed but has been successful nan useful for weeks betwixt Mahomes' representatives astatine Equity Sports and Chiefs wide head Brett Veach and his team.

The hold intends Mahomes now has a statement from 2026 to 2033 worthy complete half a cardinal dollars complete 8 seasons. That represents nan first NFL statement to climb complete nan half-billion-dollar mark.

Mahomes tin climb arsenic precocious arsenic $522.25 cardinal if he meets incentives.

And this: When $239.05 cardinal successful caller money kicks successful starting successful 2027, Mahomes will beryllium averaging a reported $64 cardinal per season.

Kansas City Chiefs backmost Patrick Mahomes takes disconnected his helmet aft defeating nan Buffalo Bills during nan AFC Championship crippled astatine GEHA Field astatine Arrowhead Stadium successful Kansas City, Mo., connected Jan. 26, 2025. (Mark J. Rebilas/Imagn Images)

That thumps nan $60 cardinal per twelvemonth connected an yearly mean ground Dallas Cowboys backmost Dak Prescott gets arsenic nan NFL's existent highest-paid quarterback.

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And it surely blows distant nan $45 cardinal per twelvemonth mean Mahomes has been getting since signing his existent statement successful 2020.

Back then, Mahomes signed a 10-year statement worthy $450 million. It made him nan highest-paid backmost successful nan NFL.

But successful nan ensuing years, players including Lamar Jackson, Justin Herbert, Brock Purdy, Tua Tagovailoa, Jared Goff, Trevor Lawrence, Josh Allen, Jordan Love and Prescott signed deals worthy much connected an yearly mean basis.

And you cognize really galore Super Bowl championships each those higher-paid QBs boast?

Zero.

Kansas City Chiefs backmost Patrick Mahomes is interviewed by Netflix newsman Stacey Dales aft a triumph against nan Pittsburgh Steelers astatine Acrisure Stadium successful Pittsburgh, Pennsylvania, connected Dec. 25, 2024. (Barry Reeger-Imagn Images)

Mahomes has helped nan Chiefs scope 5 Super Bowls. And they've won three.

That unsocial suggests Mahomes was underpaid while averaging $45 cardinal per season. That, of course, tin beryllium debated because Mahomes hasn't precisely posted profession statistic successful caller years.

His yearly passing yards person declined each of nan past 3 seasons since he posted a career-high 5,250 passing yards successful 2022.

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But nan statistic are affected by nan talent level astir him. The Chiefs person had violative statement issues and nan wide receiver formed has been successful flux and often inconsistent successful caller years.

The important point is whether nan Chiefs judge Mahomes to beryllium worthy of a raise. They've answered that question.

FOLLOW ARMANDO SALGUERO ON X: @ARMANDOSALGUERO