Patrick Mahomes signed a 10 Years, $450,000,000 contract with the Kansas City Chiefs on July 6, 2020. The contract runs through the 2031 season and has an average annual value of $45,000,000. It also came with a $10,000,000 signing bonus and $63,081,905 guaranteed. Mahomes was represented by Chris Cabott, Leigh Steinberg (Equity Sports) in negotiations.
| Year | Base Salary | Cap Hit | Cap % |
|---|---|---|---|
| 2020 | $825,000 | $5,346,508 |
2.70%
|
| 2021 | $990,000 | $7,433,381 |
4.07%
|
| 2022 | $1,500,000 | $35,793,381 |
17.19%
|
| 2023 | $1,325,556 | $37,133,825 |
16.52%
|
| 2024 | $9,850,000 | $37,008,269 |
14.49%
|
| 2025 | $16,650,000 | $66,258,269 |
25.00%
|
| 2026 | $45,350,000 | $68,664,888 |
24.18%
|
| 2027 | $45,800,000 | $64,814,888 |
20.64%
|
| 2028 | $17,975,000 | $32,575,000 |
9.73%
|
| 2029 | $8,000,000 | $34,975,000 |
9.76%
|
| 2030 | $30,625,000 | $45,525,000 |
11.93%
|
| 2031 | $37,550,000 | $48,375,000 |
11.95%
|
| 2032 | $60,000,000 | $60,000,000 |
14.02%
|
| 2033 | $60,000,000 | $60,000,000 |
13.29%
|