Mahomes' Record Deal Raises Questions for Jackson's Future
WHO:
baltimoreravens.com - Ian Rapoport discussed the implications of Mahomes' contract for Lamar Jackson's future negotiations.
NBC News - Chiefs coach Andy Reid commented on Mahomes' rehabilitation progress.
baltimoreravens.com - Patrick Mahomes, Lamar Jackson, Steve Bisciotti, Eric DeCosta, Roquan Smith, Joe Burrow, Aaron Rodgers, Deshaun Watson, Shedeur Sanders
NBC News - Patrick Mahomes, Andy Reid, Equity Sports, Chris Cabott
WHAT:
baltimoreravens.com - Mahomes' contract extension includes all $504.75 million becoming guaranteed through contract mechanisms.
NBC News - Mahomes' new deal averages $63.1 million annually, which is an NFL record.
baltimoreravens.com - Patrick Mahomes signed a contract extension worth $239.05 million, bringing the total value to $504.75 million, making it the first NFL deal over $500 million.
baltimoreravens.com - Mahomes can earn up to $522.25 million through incentives and escalators.
baltimoreravens.com - Mahomes' new deal averages $64 million annually, beginning in 2027.
NBC News - Mahomes' contract extension ties him to the Chiefs through the 2033 season.
NBC News - Mahomes' average annual salary will now be $63.1 million.
WHERE:
NBC News - Kansas City, Missouri
WHEN:
baltimoreravens.com - The Ravens are expected to negotiate a new deal with Jackson potentially in 2027.
baltimoreravens.com - The new deal for Mahomes begins in 2027.
NBC News - The Chiefs' regular-season opener is scheduled for September 14 against the Denver Broncos.
WHY:
baltimoreravens.com - Jackson's situation is different because he has two years left on his contract, making about $52 million this year.
baltimoreravens.com - The contract extension for Mahomes resets the quarterback market and raises questions about Lamar Jackson's future contract negotiations.
NBC News - The Chiefs regularly rework Mahomes' contract to provide financial flexibility for the team.
HOW:
baltimoreravens.com - The Ravens have restructured Jackson's deal for cap reasons, which typically precedes a contract extension.
baltimoreravens.com - The Ravens have restructured Lamar Jackson's deal for cap reasons, which typically precedes a contract extension.
NBC News - Mahomes has been rehabbing an injury sustained during a game and has participated in the Chiefs' offseason program.
(UPDATED June 11, 2026 18:06 UTC)
In a significant development for the NFL, Patrick Mahomes' contract extension has made all $504.75 million guaranteed, with the deal averaging an unprecedented $63.1 million annually. As the Ravens prepare to negotiate a new deal with Lamar Jackson, expected in 2027, Jackson's situation is unique since he still has two years remaining on his current contract, earning approximately $52 million this year. Meanwhile, Chiefs coach Andy Reid has provided updates on Mahomes' rehabilitation progress, highlighting the quarterback's recovery journey.
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(UPDATED June 11, 2026 14:25 UTC)
Patrick Mahomes has signed a groundbreaking contract extension with the Kansas City Chiefs worth $239.05 million, bringing the total value to $504.75 million, making it the first NFL deal to exceed $500 million. This new deal, which averages $64 million annually starting in 2027, ties Mahomes to the team through the 2033 season and allows him to earn up to $522.25 million through incentives. The Chiefs' regular-season opener is set for September 14 against the Denver Broncos, and Mahomes has been actively participating in the offseason program while rehabbing an injury.