sports
Mahomes to make over $500M in reworked deal
Key takeaways
- Equity Sports CEO Chris Cabott and Chiefs general manager Brett Veach and his staff put the finishing touches on the landmark agreement Wednesday.
- The new money on the deal is worth $239.05 million, with the total value now at $504.75 million from 2026 through 2033, with the first four years being guaranteed at signing.
- Mahomes can make up to $522.25 million through incentives and escalators.
Why this matters: a sports story that could shift standings, legacies, or fan conversations.
Equity Sports CEO Chris Cabott and Chiefs general manager Brett Veach and his staff put the finishing touches on the landmark agreement Wednesday.
The new money on the deal is worth $239.05 million, with the total value now at $504.75 million from 2026 through 2033, with the first four years being guaranteed at signing. All $504.75 million becomes guaranteed through contract mechanisms.
Mahomes can make up to $522.25 million through incentives and escalators. Beginning in 2027, when the new money begins, the deal averages $64 million per year, setting an NFL record for average annual value.
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