Highest-paid NFL players after Patrick Mahomes signs record contract

Patrick Mahomes has once again cashed in big, becoming the first player in league history to earn a contract worth at least a half-billion dollars.

Mahomes inked a two-year extension worth $239.05 million in new money. That – coupled with the six seasons remaining on the 10-year extension the star signed with the Kansas City Chiefs in 2020 – brought the total value of the three-time Super Bowl champion’s contract to $504.5 million.

Mahomes’ latest extension is sure to have a ripple effect on the NFL’s ever-burgeoning quarterback market. His raise will likely result in raises for several other top-end quarterbacks – including Josh Allen, Lamar Jackson and more – and could further accelerate the average annual value (AAV) arms race at the position.

Where does Mahomes rank among the NFL’s highest-paid players after his new deal? Here’s an in-depth look at the NFL’s highest-paid players for the 2026 season and of all time.

OT Tytus Howard: Traded to Cleveland Browns (previous team: Houston Texans)

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OT Tytus Howard: Traded to Cleveland Browns (previous team: Houston Texans)

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CB Trent McDuffie: Traded to Los Angeles Rams (previous team: Kansas City Chiefs)

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RB David Montgomery: Traded to Houston Texans (previous team: Detroit Lions)

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WR DJ Moore: Traded to Buffalo Bills (previous team: Chicago Bears)

Patrick Mahomes became the highest-paid player in the NFL after signing a two-year extension with the Chiefs.

Mahomes is set to make a base value of $504.5 million over the eight seasons remaining on his contract with the Chiefs. His average annual value (AAV) of just under $63.1 million is greater than the previous record, $60 million, which was held by Dallas Cowboys quarterback Dak Prescott.

In terms of total contract value, Mahomes has held the top spot since signing his initial 10-year, $450 million extension with the Chiefs in 2020. He has now blown by that original figure by $54.5 million and could add another $17.75 million in contract incentives.

There are two primary ways to assess the highest-paid player in the NFL at any given time. One is by measuring the AAV of a player’s deal while the other is to look at the total contract value.

Below is a look at how the NFL’s top talents stack up across each category.

A total of 13 NFL players are making at least $50 million in AAV. Here’s a look at the 15 highest-paid players by that metric.

• 1. Patrick Mahomes, QB, Chiefs: $63.1 million

• 2. Dak Prescott, QB, Cowboys: $60 million

• T-3. Josh Allen, QB, Bills: $55 million

• T-3. Joe Burrow, QB, Bengals: $55 million

• T-3. Trevor Lawrence, QB, Jaguars: $55 million

• T-3. Jordan Love, QB, Packers: $55 million

• T-3. Matthew Stafford, QB, Rams: $55 million

• T-8. Jared Goff, QB, Lions: $53 million

• T-8. Brock Purdy, QB, 49ers: $53 million

• 10. Justin Herbert, QB, Chargers: $52.5 million

• 11. Lamar Jackson, QB, Ravens: $52 million

• 12. Jalen Hurts, QB, Eagles: $51 million

• 13. Will Anderson, edge, Texans: $50 million

• 14. Micah Parsons, edge, Packers: $46.5 million

• 15. Deshaun Watson, QB, Browns: $45 million

1. Patrick Mahomes, QB, Chiefs: $63.1 million

2. Dak Prescott, QB, Cowboys: $60 million

T-3. Josh Allen, QB, Bills: $55 million

T-3. Joe Burrow, QB, Bengals: $55 million

T-3. Trevor Lawrence, QB, Jaguars: $55 million

T-3. Jordan Love, QB, Packers: $55 million

T-3. Matthew Stafford, QB, Rams: $55 million

T-8. Jared Goff, QB, Lions: $53 million

T-8. Brock Purdy, QB, 49ers: $53 million

10. Justin Herbert, QB, Chargers: $52.5 million

11. Lamar Jackson, QB, Ravens: $52 million

12. Jalen Hurts, QB, Eagles: $51 million

13. Will Anderson, edge, Texans: $50 million

14. Micah Parsons, edge, Packers: $46.5 million

15. Deshaun Watson, QB, Browns: $45 million

Mahomes isn’t just the NFL’s only $500 million man. He’s also just one of two NFL players to make at least $300 million on a single contract, alongside Josh Allen.

Below is a look at the 15 highest-paid NFL players in terms of total contract value.

• 1. Patrick Mahomes, QB, Chiefs: $504.75 million

• 2. Josh Allen, QB, Bills: $330 million

• T-3. Joe Burrow, QB, Bengals: $275 million

• T-3. Trevor Lawrence, QB, Jaguars: $275 million

• 5. Brock Purdy, QB, 49ers: $265 million

• 6. Justin Herbert, QB, Chargers: $262.5 million

• 7. Lamar Jackson, QB, Ravens: $260 million

• 8. Jalen Hurts, QB, Eagles: $255 million

• 9. Dak Prescott, QB, Cowboys: $240 million

• 10. Deshaun Watson, QB, Browns: $230 million

• 11. Jordan Love, QB, Packers: $220 million

• 12. Jared Goff, QB, Lions: $212 million

• 13. Myles Garrett, edge, Rams: $208.2 million

• 14. Micah Parsons, edge, Packers: $186 million

• 15. Aidan Hutchinson, edge, Lions: $180 million

1. Patrick Mahomes, QB, Chiefs: $504.75 million

2. Josh Allen, QB, Bills: $330 million

T-3. Joe Burrow, QB, Bengals: $275 million

T-3. Trevor Lawrence, QB, Jaguars: $275 million

5. Brock Purdy, QB, 49ers: $265 million

6. Justin Herbert, QB, Chargers: $262.5 million

7. Lamar Jackson, QB, Ravens: $260 million

8. Jalen Hurts, QB, Eagles: $255 million

9. Dak Prescott, QB, Cowboys: $240 million

10. Deshaun Watson, QB, Browns: $230 million

11. Jordan Love, QB, Packers: $220 million

12. Jared Goff, QB, Lions: $212 million

13. Myles Garrett, edge, Rams: $208.2 million

14. Micah Parsons, edge, Packers: $186 million

15. Aidan Hutchinson, edge, Lions: $180 million

While Mahomes is currently the NFL’s highest-paid player, he still has a ways to go before he can become the top-earning player in the league’s history. The Chiefs star currently ranks 16th all-time in career earnings, a list topped by current Rams starting quarterback Matthew Stafford.

Here’s a full look at the NFL’s top-ever earners, per Spotrac.com:

1. Matthew Stafford: $408.3 million

2. Aaron Rodgers: $394.8 million

3. Tom Brady: $333 million

4. Kirk Cousins: $321.7 million

5. Russell Wilson: $315.9 million

6. Matt Ryan: $303.7 million

7. Dak Prescott: $297.9 million

8. Drew Brees: $271.5 million

9. Ben Roethlisberger: $267.3 million

10. Jared Goff: $259.6 million

While Mahomes isn’t yet a top-10 earner, that is expected to change rapidly thanks to his new contract. Spotrac.com projects that by the 2030 NFL season, Mahomes will rank third in all-time career earnings behind only Stafford and Allen.