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The Kansas City Chiefs might soon find themselves revisiting superstar quarterback Patrick Mahomes' contract once again. In the wake of Brock Purdy's record-setting five-year, $265 million extension with the San Francisco 49ers, industry insiders are speculating that Mahomes could be due for an updated deal-one that better reflects his status as the NFL's premier signal-caller.
Despite being widely regarded as the best quarterback in football, Mahomes currently ranks tied for 13th in average annual salary among QBs, earning $45 million per year. That figure places him behind several less accomplished quarterbacks, including Cleveland's Deshaun Watson, who is expected to miss the entire 2025 season due to injury. While Mahomes has repeatedly stated that his priority is winning championships over maximizing earnings, there is a growing sentiment that his current contract undervalues his impact on the Chiefs' continued success.
NFL insider Mike Florio has suggested Mahomes could be among the veteran quarterbacks primed for a contract "correction," along with Lamar Jackson, Jalen Hurts, and Joe Burrow. The Chiefs have routinely adjusted Mahomes' contract in past offseasons to create cap relief, and another modification could be on the horizon. One approach could mirror what the Buffalo Bills recently did for Josh Allen-adding years to his contract while increasing his financial compensation.
There is a chance to restructure the current deal
Mahomes' current deal runs through 2031, taking him through his age-36 season, but he has made it clear that he intends to play into his 40s. Kansas City could proactively add years to his contract to secure their franchise quarterback for the long haul while benefiting from the flexibility that an extension would provide. Such a move would not only reward Mahomes for his contributions, but also allow the Chiefs to maintain financial stability as they look to build their roster for continued Super Bowl contention.
The Chiefs have historically restructured Mahomes' contract to open up cap space, and an updated agreement could provide similar benefits. By extending Mahomes' deal and adjusting salary payouts, Kansas City could maintain its ability to retain key players and pursue additional talent. The front office is well aware of Mahomes' value-not just as a player, but as the foundational piece of their dynasty-and keeping him satisfied financially will be an ongoing priority.
While there has been no official indication that Mahomes is seeking an immediate adjustment, Florio's report suggests that his next contract revision is coming sooner rather than later. Whether it happens this summer or further down the line, Kansas City will likely ensure their franchise quarterback remains properly compensated while maintaining the flexibility to continue competing at the highest level. As the quarterback market continues to evolve, the Chiefs may soon need to rework Mahomes' deal to reflect his standing as the league's most accomplished player.