Patrick Mahomes Could Become First $40M Per Year Quarterback

Ian Rapoport of NFL Media reports that the Chiefs are expected to sign QB Patrick Mahomes to a contract extension this offseason.

According to Rapoport, Mahomes won’t just beat the $35 million per year being paid to Russell Wilson, but he’s “shatter” the mark and could potentially secure as much as $40 million per year.

Last week, Chiefs owner Clark Hunt said the team could wait until next year to sign QB Mahomes to a new deal. 

“There will be a right time sometime in the next 12 to 15 months to extend Patrick and when I say right time, I mean right time for both the player and the club,” Hunt said, per Adam Teicher. “I don’t want to say necessarily it has to be this offseason but I will say that it’s a priority to get him done.

“I hope Patrick is here for his entire career and that’s going to be our goal.”

Mahomes is eligible for an extension starting this year as he finishes his third season in the NFL.

Kansas City technically still has two more seasons of team control with Mahomes’ fifth-year option running through 2021. It’s possible they could delay Mahomes’ mega-deal to try and sign other prominent free agents, like DT Chris Jones. 

Mahomes, 24, is a former first-round pick of the Chiefs back in 2016. The Chiefs traded first and third-round picks in 2017 to go along with another first-round pick in 2018 for the right to draft Mahomes.

Mahomes is currently in the third year of his four-year, $16.4 million contract and set to make base salaries of $645,000 and $735,000 over the final two years of the agreement.

The Chiefs have a fifth-year option they can pick up on Mahomes to ensure he’s under contract through 2021 as well as the franchise tag if needed afterward.

In 2019, Mahomes appeared in 14 games for the Chiefs and completed 65.9 percent of his passes for 4,031 yards to go along with 26 touchdowns and five interceptions. He has also rushed for 218 yards and two touchdowns. 

We’ll have more on Mahomes as the news is available.