The Kansas City Chiefs just can’t stop giving Patrick Mahomes more money, and in doing so they’ve broken a Dak Prescott streak of sorts. The way things are shaping up, the Hunt family must be counting their lucky stars. Not only did they draft a multi-MVP and Super Bowl winner, but no team with a star quarterback looked to surpass what Jerry Jones gave Prescott a few years ago.
The Chiefs and Majomes agreed to a reworked contract on Wednesday, making him once again the highest-paid player in NFL history. The new money, $504 million, and years, eight, of the deal add around $63 million for those seasons, clearing Prescott’s $60 million which stood up for an unexpected period of time.
Record deal: The Chiefs are adding two years to Patrick Mahomes’ contract, tying him to Kansas City through the 2033 season at a value of $504.75 million, making it the first NFL deal valued at over a half-billion dollars, per @RapSheet and me.
Equity Sports CEO Chris Cabott,… pic.twitter.com/7zTpxPFrLT— Adam Schefter (@AdamSchefter) June 10, 2026
Mahomes originally signed a 10-year, $450 million deal in July of 2020. In September 2023, they reworked the pact to move $48 million into the next four seasons, guaranteeing $208 million and essentially giving him $52 million a season for the last four years. Now that has expired, and the sides have now worked out another massive pay raise.
Prescott signed his four-year, $240 million extension in September of 2024, clearing the then top-paid QB, Joe Burrow, by a whopping $5 million a year. Buffalo’s Josh Allen, among other franchise QBs to ink extensions since Prescott, all landed at or below Burrow. It was basically the NFL owners making a referendum on the deal a cornered Jones got painted into.
It was the more-palatable cousin of the ridiculous deal the Cleveland Browns gave Deshaun Watson; no precedent was set.
Now, the rightful king of QBs has regained his perch atop the totem. Prior to Wednsday, Mahomes had technically slipped all the way down to 13th-highest paid QB.
Here’s a review of the Top-10 current NFL Quarterback average salaries.
- Patrick Mahomes, Chiefs: $63.1 million per year (reported)
- Dak Prescott, Cowboys: $60 million per year
- Joe Burrow, Bengals: $55 million per year
- Josh Allen, Bills: $55 million per year
- Jordan Love, Packers, $55 million per year
- Trevor Lawrence, Jaguars: $55 million per year
- Matthew Stafford, Rams: $55 million per year
- Jared Goff, Lions: $53 million per year
- Brock Purdy, 49ers: $53 million per year
- Justin Herbert, Chargers: $52.5 million per year
This article originally appeared on Cowboys Wire: Where Cowboys Prescott ranks in NFL QB salaries after Mahomes deal
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