Patrick Mahomes signs historic $210.6M contract, becomes highest-paid NFL player

Kansas City Chiefs quarterback Patrick Mahomes has agreed to a restructured contract, which will pay him a record-breaking $210.6 million in guaranteed salary between this season and 2026. The deal makes Mahomes the highest-paid NFL player in a four-year span. Additionally, the restructured contract creates $2.5 million in 2023 cap space for the Chiefs, providing financial flexibility for the team. The agreement, confirmed by Mahomes' agency, guarantees his compensation for those years and includes escalators that could increase the total amount to $218.1 million by the end of 2026. Prior to the restructure, Mahomes had dropped to eighth among quarterbacks in average annual salary, but the new deal brings him back near the top. Overall, this contract represents a significant financial milestone for Mahomes and highlights the Chiefs' excellent salary cap management.

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