This is the first NFL deal valued at over half a billion dollars, with the new money average being $64M. The deal was consummated by Equity Sports CEO Chris Cabott and Chiefs GM Brett Veach and his staff.
The first four years of the deal are fully guaranteed and it has a max value of $522.25M.
Ian Rapoport
The Chiefs and star QB Patrick Mahomes have agreed to terms on another groundbreaking contract extension, with this one worth a total value of $504.75M from 2026 to 2033, per me and Adam Schefter.