Patrick Mahomes

Quarterback

Age: 29
Free Agency: 2032 (Void)
Accrued Seasons: 7
  • 2024 Salary Cap Charge: $37,008,269 (14.68% of cap)
  • 2024 Cash Payout: $45,750,000 (16.86% of spending)
  • 2024 Cash to Cap Ratio: 1.24
  • Contract Value: $450,000,000 ($45,000,000 APY)
  • Fully Guaranteed Money: $63,081,905
  • Contract Ranking: 9/120 at QB

Current Contract

(Extension, signed 2020)
(📝: indicates contract trigger occuring during that year)
YearAgeBase SalaryProrated Signing BonusRoster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %
Dead Money & Cap Savings
202025$825,000$4,521,538$0$0$825,000$5,346,5382.4%
2021 📝
March 20: $40.45M 2023 salary is guaranteed
26$990,000$6,343,381$0$100,000$990,000$7,433,3814.0%
2022 📝
March 20: $37.95M 2024 salary is guaranteed
27$1,500,000$6,343,381$27,400,000$550,000$29,450,000$35,793,38117.0%
2023 📝
September 20: $32.35M 2025 roster bonus is guaranteed
28$1,325,555$12,858,269$22,400,000$550,000$23,725,555$37,133,82416.9%
202429$9,850,000$18,258,269$7,900,000$1,000,000$16,500,000$37,008,26914.7%
2025 📝
March 20: $10.4M 2026 roster bonus is guaranteed
30$16,650,000$16,258,269$32,350,000$1,000,000$32,350,000$66,258,26925.5%
2026 📝
March 20: $6.1M 2027 roster bonus is guaranteed
31$45,350,000$11,914,888$10,400,000$1,000,000$0$68,664,88824.2%
2027 📝
March 20: $8.2M 2028 roster bonus is guaranteed
32$45,800,000$11,914,888$6,100,000$1,000,000$0$64,814,88820.6%
2028 📝
March 20: $17.975 million 2028 salary becomes guaranteed
33$17,975,000$5,400,000$8,200,000$1,000,000$0$32,575,000--
2029 📝
March 20: $13.9M 2030 roster bonus is guaranteed
34$8,000,000$0$25,975,000$1,000,000$0$34,975,000--
2030 📝
March 20: $9.825M 2031 roster bonus is guaranteed
35$30,625,000$0$13,900,000$1,000,000$0$45,525,000--
2031 📝
March 20: $37.55 million 2031 salary is guaranteed
36$37,550,000$0$9,825,000$1,000,000$0$48,375,000--
203237Void$0VoidVoidVoid$0--
203338Void$0VoidVoidVoid$0--
Total$336,440,555$93,812,883$164,450,000$9,200,000$103,840,555$483,903,438

Contract Notes

Patrick Mahomes signed a 10 year, $450 million contract extension with the Chiefs on July 6, 2020. The contract has $63.0819 million fully guaranteed at signing including a $10 million signing bonus. $141 million is guaranteed for injury and a total of $477.631 million can become guaranteed based on roster status. The guarantee structure is as follows. Upon signing Mahomes' 2020, 2021, and 2022 salaries are all guaranteed. On the 3rd day of the 2021 league year Mahomes' 2023 salary and bonuses will become fully guaranteed. On the 3rd day of the 2022 league year all of Mahomes 2024 compensation will become fully guaranteed. On the 3rd day of the 2023 league year Mahomes $38.9 million 2025 roster bonus will become guaranteed. On the 3rd day of the 2o24 league year the rest of Mahomes' 2025 salary will become guaranteed. On the 3rd day of the 2025 league year Mahomes $38.9 million 2026 roster bonus will be fully guaranteed. On the 3rd day of the 2026 league year the rest of Mahomes 2026 salary and his $49.4 million 2027 roster bonus become guaranteed. On the 3rd day of the 2027 league year the rest of Mahomes' 2027 salary and his entire 2028 salary and bonuses will become fully guaranteed. On the 3rd day of the 2028 league year Mahomes salary and bonuses in 2029 are guaranteed. On the 3rd day of the 2029 league year Mahomes' 2030 salary and bonuses are guaranteed. On the 3rd day of the 2030 league year Mahomes $13.9 million 2031 roster bonus is guaranteed. Finally on the 3rd day of the 2031 league year the rest of his salary is guaranteed.

The Chiefs converted Mahomes' $21.716 million roster bonus into a signing bonus on March 11, 2021. The move created $17.374 million in cap space for the Chiefs in 2021. Mahomes' cap number will increase by $4.343 million in each of the next four years of the contract.

Mahomes signed a revised contract in September of 2023 that moved cash forward from later years, effectively giving him a raise of $48.3 million from 2023-26. The reworked deal also added two void years in 2032 and 2033 and changed his incentives to escalators to help create roughly $2.5 million in 2023 cap space.

Cash Flows

- fully earned money
- unearned or partially earned money
$45M
$90M
$135M
$180M
$225M
$270M
$315M
$360M
$405M
$450M
202020212022202320242025202620272028202920302031
Cash Due$8,030,095($2,030,095)$31,950,000$56,850,000$45,750,000$50,000,000$56,750,000$52,900,000$27,175,000$34,975,000$45,525,000$48,375,000
Running Cash$1,780,095($250,000)$31,700,000$88,550,000$134,300,000$184,300,000$241,050,000$293,950,000$321,125,000$356,100,000$401,625,000$450,000,000
Career Earnings: $136,152,962
Career APY: $19,450,423
Potential Earnings: $497,602,962
Total Guarantees: $79,507,867
Largest Cash Payment: $56,850,000 (2023)
Largest Cap Number: $68,664,888 (2026)

Contract History

TeamContract TypeStatusYear SignedYrsTotalAPYGuaranteesAmount Earned% EarnedEffective APY
ChiefsDraftedExtended20174$16,425,962$4,106,491$16,425,962$13,721,05783.5%$4,573,686
ChiefsExtensionActive202010$450,000,000$45,000,000$63,081,905$122,431,90527.2%$30,607,976
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Chiefs7$136,152,962$19,450,423$96,906,6430.0%$00.0%

Season History

YearTeamBase SalaryProrated BonusRoster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %Cash Paid
2017Chiefs$465,000$2,521,538$0$0$465,000$2,986,5381.8%$10,551,152
2018Chiefs$555,000$2,521,538$656,635$0$1,211,635$3,733,1732.1%$1,211,635
2019Chiefs$645,000$2,521,538$1,313,270$0$1,958,270$4,479,8082.4%$1,958,270
2020Chiefs$825,000$4,521,538$0$0$825,000$5,346,5382.4%$10,825,000
2021Chiefs$990,000$6,343,381$0$100,000$990,000$7,433,3814.0%$22,806,905
2022Chiefs$1,500,000$6,343,381$27,400,000$550,000$29,450,000$35,793,38117.0%$31,950,000
2023Chiefs$1,325,555$12,858,269$22,400,000$550,000$23,725,555$37,133,82416.9%$56,850,000
2024Chiefs$9,850,000$18,258,269$7,900,000$1,000,000$16,500,000$37,008,26914.7%$45,750,000
2025Chiefs$16,650,000$16,258,269$32,350,000$1,000,000$32,350,000$66,258,26925.5%$50,000,000
2026Chiefs$45,350,000$11,914,888$10,400,000$1,000,000$0$68,664,88824.2%$56,750,000
2027Chiefs$45,800,000$11,914,888$6,100,000$1,000,000$0$64,814,88820.6%$52,900,000
2028Chiefs$17,975,000$5,400,000$8,200,000$1,000,000$0$32,575,000--$27,175,000
2029Chiefs$8,000,000$0$25,975,000$1,000,000$0$34,975,000--$34,975,000
2030Chiefs$30,625,000$0$13,900,000$1,000,000$0$45,525,000--$45,525,000
2031Chiefs$37,550,000$0$9,825,000$1,000,000$0$48,375,000--$48,375,000
2032Chiefs$60,000,000$0$0$0$0$0--$0
2033Chiefs$60,000,000$0$0$0$0$0--$0
Total$338,105,555$101,377,497$166,419,905$9,200,000$107,475,460$495,102,957$497,602,962

Statistics

YearGames PlayedGames InactiveSnapsPassingRushingFumbles
InjuredHealthyOffenseSpecialComp/AttPctYardsTDINTSackedRatingAttYardsAvgTDTotalLost
20171006.1%0.0%0/00.0%00000.0000.0000
2018160098.8%0.2%383/58066%5097501226113.8602724.5292
2019142083.9%0.0%319/48465.9%403126517105.3432185.1232
2020150193.2%0.0%390/58866.3%474038622108.2623085.0200
2021170097.4%0.0%436/65866.3%483937132898.5663815.8200
2022170098.4%0.0%435/64867.1%5250411226105.2613585.9400
2023161093.0%0.0%401/59767.2%418327142792.6753895.2000

Valuation Diamond

The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. To understand how to read the diamond, read this explainer.

OTC ValuationAPY
Regular$36,458,000$45,000,000
Injury Adjusted$38,648,801$42,187,500
test
OTC Valuation $7.2M $14.4M $21.6M $28.8M $36M APY $9.2M $18.3M $27.5M $36.7M $45.8M $25,867,000 $33,333,333

Weekly Valuation Trends

The chart below illustrates the trend of the player's weekly OTC Valuations (in blue) from the most recent season, using APY (in green) and, if applicable, cash that is due to the player in the next season (in red) as benchmarks. Weeks not plotted indicate that the player was inactive or on a bye.

To see interactive and more in-depth use of OTC Valuation data, subscribe to OTC Premium.