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Jun 10, 2026, 8:13 PM ET

The Kansas City Chiefs are adding two years to quarterback Patrick Mahomes' (knee) contract on Wednesday, tying him to the franchise through the 2033 season at a value of $504.75 million, making it the first NFL deal valued at over a half-billion dollars, according to Adam Schefter of ESPN. The landmark deal gives the 30-year-old signal-caller an average salary of $64 million per year, which seems wild after he tore his ACL and LCL in Week 15 in a loss to the Los Angeles Chargers last year. Mahomes has obviously done a lot for the organization already, though, and he has been taking part in seven-on-seven drills during mandatory minicamp this week as he works towards being ready for Week 1 of the 2026 regular season in a Monday night showdown versus the division-rival Denver Broncos. It's unclear if he'll be a full-go for the start of training camp at the end of July, but barring a setback, we would bet that Mahomes will be ready for Week 1 this fall. For fantasy purposes, though, with a questionable supporting cast at receiver and while coming off a major knee injury, it would be wise for fantasy managers to treat Mahomes as more of a high-end QB2 target than as the high-end QB1 that he's been in years past.--Keith Hernandez
Source: ESPN - Adam Schefter
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