Patrick Mahomes is already one of the highest-paid players in the NFL, earning $50 million annually as part of his record-setting 10-year, $450 million contract with the Kansas City Chiefs. When he signed the deal in 2020, it was the largest contract in U.S. sports history, surpassing Mike Trout’s $426.5 million MLB deal. With incentives, Mahomes’ contract could reach $503 million, making it the most valuable contract in the NFL. However, because of the way his deal is structured, he isn’t even among the top 10 quarterbacks in terms of average annual salary. His contract gives the Chiefs salary cap flexibility, allowing them to continue building a competitive roster while still ensuring Mahomes is well-compensated.
Despite already making $50 million per year, Mahomes has a chance to add even more money to his earnings with the upcoming Super Bowl 59 between the Chiefs and Philadelphia Eagles set for February 9, 2025, at Caesars Superdome in New Orleans, which will be a rematch of the Super Bowl 57 which the Chiefs won 38-35. So, let’s take a look at exactly how Mahomes can accomplish that.
How Patrick Mahomes Can Increase His $50 Million Salary With His Chiefs Contract?
Mahomes’ contract is built to reward success. If he plays at least 50% of the snaps and the Chiefs win the upcoming Super Bowl, he will receive a $1.25 million bonus. While that amount may not seem like much compared to his massive contract, it’s still a significant bonus. Off the field, Mahomes earns millions from endorsements with brands like Adidas, Oakley, and State Farm.
Even with the biggest contract in NFL history, Mahomes has regularly restructured his deal to help the Chiefs maintain financial flexibility. In 2024, he converted $27 million of his salary into a signing bonus, creating cap space for the team. His guaranteed earnings from 2023 to 2026 total $210.6 million, the largest four-year guarantee in league history. His deal runs through 2031, but the Chiefs have the option to renegotiate it after the 2026 season, depending on his performance and the team’s salary cap situation.
Also Read: Patrick Mahomes Contract: How Much Does The Kansas City Chiefs Star Earn?
Making History, Breaking Records, And Adding To His Legacy
Mahomes isn’t just playing for money as it stands. He’s playing to make history. If he and the Chiefs win in New Orleans, he will become just the third quarterback to start in five Super Bowls, joining Tom Brady and John Elway. More impressively, at 29 years old, he would be the first quarterback to start in five Super Bowls before turning 30. His postseason record is already one of the best in NFL history, with 17 career playoff wins, which is second only to Brady’s 35. He has also thrown 50 postseason touchdowns, trailing only Brady’s 95.
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His connection with Travis Kelce has also set records. The duo has connected for 20 playoff touchdown passes, the most by any quarterback-receiver combination in history. Kelce himself holds the record for the most career playoff receptions (174) and the most 100-yard receiving games (9) in postseason history, surpassing legends like Jerry Rice.
In the regular season, Mahomes completed 67.5% of his passes for 3,928 yards, 26 touchdowns, and 11 interceptions, with a passer rating of 93.5. He also added 307 rushing yards and two rushing touchdowns. In the 2024 playoffs, he improved his efficiency, completing 66.7% of his passes for 422 yards, two touchdowns, and zero interceptions, posting a 105.2 passer rating in two games.
Throughout his eight-year career, Mahomes has thrown for 32,352 yards and 245 touchdowns, earning six Pro Bowl selections, two MVP awards, three Super Bowl MVPs, and three championships. With a win in Super Bowl LIX, he and head coach Andy Reid would become just the third quarterback-coach duo to win four Super Bowls together, joining Brady-Bill Belichick (6) and Terry Bradshaw-Chuck Noll (4).
Also Read: Patrick Mahomes’ Super Bowl Victories: How Many Has The Kansas City Chiefs QB Won?
