Andy Reid and the Kansas City Chiefs have made a very important decision regarding Patrick Mahomes right at the start of the new league year in the NFL. In order to free up salary cap space, a report from Field Yates confirmed the expected contract adjustment.
“The Chiefs have restructured the contracts of QB Patrick Mahomes and DT Chris Jones, creating $49.446M in 2025 cap space. The space (plus more) needed for Kansas City to sign their early free agents, including LT Jaylon Moore and CB Kristian Fulton.”
The Chiefs are one of the teams with the least salary cap space, which could make their return to the Super Bowl more difficult. In fact, they have already lost players like DeAndre Hopkins and Justin Reid in free agency.
How many years are left on Patrick Mahomes’ contract with Chiefs?
In July 2020, Patrick Mahomes signed a ten-year, $503 million contract with the Kansas City Chiefs. The deal was entirely team-friendly to help maintain a competitive roster for the future.
What is Patrick Mahomes’ annual salary?
Patrick Mahomes has an annual salary of around $50 million. Currently, the star is not close to being one of the highest-paid players in the NFL, as other names like Dak Prescott, Joe Burrow, Tua Tagovailoa, or Trevor Lawrence have surpassed him.
Is Patrick Mahomes the highest-paid quarterback?
No. Dak Prescott is the highest-paid quarterback in the NFL with a contract that pays him $60 million per year in Dallas. Patrick Mahomes is still far from that amount. Prescott’s total deal was for four years and $240 million.