Mahomes is due to make $56.85 million this season, $44.5 million next season, $50 million in 2025 and $56.76 million for the 2026 season
“I know how special it is here and I know how special of a thing we’ve got going,” Mahomes said recently. “I stay out of contract stuff, but I know I’m lucky to be in this place and I want to go out and win as many championships as I can.”
Then, just over a week ago, Bengals quarterback Joe Burrow — one of Mahomes’ burgeoning rivals — signed a five-year, $275 million contract making him the NFL’s highest-paid player on an annual basis at $55 million per year. The Chiefs were waiting to see how the market for Herbert and Burrow would develop before reworking Mahomes’ deal. They also needed to reach an agreement with All-Pro defensive tackle Chris Jones, who held out through Week 1, so they would know where they stood relative to the salary cap this season and beyond.
Mahomes is coming off perhaps the best season of his career, throwing for a franchise-record 5,250 yards along with a league-leading 41 touchdown passes and only 12 interceptions. He also proved his toughness once more in the playoffs, when he hurt his ankle in the divisional round against the Jaguars but the led the Chiefs all the way to the Super Bowl.
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