Patrick Mahomes: My contract has me set for life, other QB contracts don’t affect me

Houston Texans v Kansas City Chiefs
Getty Images

Chiefs quarterback Patrick Mahomes signed a 10-year contract two years ago, and since then other quarterbacks who have accomplished less than Mahomes have signed contracts that pay more money per year, with more guaranteed, and over shorter terms that will allow them to hit free agency again sooner. But Mahomes says he’s not concerned.

Mahomes said on Friday, after Kyler Murray became the latest quarterback to sign a lucrative deal, that his own contract set him up for life, and he’s not worried about being the highest-paid quarterback in football.

“When I signed my deal, I knew I was going to be pretty set for life, regardless of what the market kind of happens,” Mahomes said. “But you just keep playing. Money is one thing, but when you get those Super Bowl rings, at the end of your career, I think that’s going to be what you look back upon. I think I’ve made enough money from the football field and obviously off of it as well, that it won’t matter at the end of the day.”

Mahomes also said he expects more young quarterbacks, like Justin Herbert and Joe Burrow, to sign new deals that eclipse his own in terms of per-year average pay.

“The next guy is the top-paid guy,” Mahomes said.

That’s a good description of why Mahomes left a lot of money on the table when he agreed to a 10-year contract with the Chiefs, rather than signing a shorter deal that would allow him to become a free agent again during his prime. The next guy to sign a new contract is the top-paid guy, and Mahomes won’t sign a new contract any time soon. The Chiefs got a bargain when they got Mahomes to sign for 10 years.

68 responses to “Patrick Mahomes: My contract has me set for life, other QB contracts don’t affect me

  1. That was a trash contract from jump. QBs doing these cap friendly deals makes no sense because you have no idea what they will do with the “saved” money. Tom Brady did it for years and Pats never paid anyone. Easy for Brady though, he was already taken care of. Mahomes will come to regret that deal.

  2. That’s reason #102,041 us Kansas City Chiefs fans love Mahomes! His 10 year extension was when he still had two years left on his rookie deal! Best QB in the league (Top 3 on any list) and setup a team friendly deal! He’ll sign for another 10 years when he’s 32!

  3. the biggest difference is he is focused on winning. HUge $, the guys focused on best AAV will in all likelihood win zero SB’s(or maybe one), starting with Aaron Dak, Deshaun and Kyler

  4. That is called being satisfied and appreciating what you have instead of being greedy and always wanting the other dog’s bone. Speaks well of his character.

  5. Mahomes has a great attitude and comments like these are why he is beloved in Kansas City. Haters gonna hate but Mahomes never will.

  6. Great attitude. So, is it the agents who don’t make the type of money the real athletes make the ones driving all the nonsense around most of these contracts? Uh…. yes.

  7. This is a reasonable mindset. Guaranteed money is getting out of control. There is still a salary cap. The top 5% might get huge contracts, but what about the other 95% of the players?

  8. It sounds crazy to say they got a bargain paying a guy half a billion dollars. But it’s true.

  9. Mahomes has to be making a gargantuan amount of money from commercials and endorsement deals, I don’t think he’s too concerned about the contract he signed.

  10. Bad advice? Depends on who was fixing it and what his goals are. I think Mahomes is more about winning than making every last dollar possible. Manning made lots of money and has 2 SB rings. Brady took undermarket deals and last I checked he has 7 and counting.

    Mahomes deal looked crazy high money when he signed it but now doesn’t look so bad and is considered “team friendly” at 40 million a year. I think he’ll be able to feed his family on 40 mil a year. They were able to offer Orlando Brown a very lucrative deal that guy foolishly turned down. Brown is clearly about maximum dollars and that is fine. KC needs to find players willing to get paid a lot but not max and win ‘ships.

    I think they will be doing just fine.

  11. Refreshing and nice to hear from a top athlete. I get it, these are your top world athletes where competition to be the best at everything is in their DNA, on the field, off the field, playing a round of golf, and contracts in this case. But Mahomes has it right, it’s not like he took a deal for $20 mil/year, he’s gonna have several hundred million dollars paid out to him, and more importantly, a nice long term deal giving him and his family security for life.

    A good head in his shoulders

  12. chiefsnoles says:
    July 23, 2022 at 5:34 am
    That’s reason #102,041 us Kansas City Chiefs fans love Mahomes! His 10 year extension was when he still had two years left on his rookie deal! Best QB in the league (Top 3 on any list) and setup a team friendly deal! He’ll sign for another 10 years when he’s 32!

    ————————————————————————

    A lot of QB’s do that. Murray just signed a new contract extension w/ Two YRs left on his rookie deal. Murrays deal is also a team friendly that gives AZ 7 years of team control at a manageable price that allows to continue to build out the roster around him. It’s not like Patrick Mahomes did some ultra noble thing that other QB’s rarely do when he signed that.
    If anything it was a bit foolish on Mahomes part to sign for a full 10 years when the QB market will look completely radically different than it does today 5-7 years from now (go back look at how much less QBs were making it 2014-2016 compared to today) which is why i’d bet my house that Mahomes starts chirpping and ends up holding out demanding a new deal at some point 5-6-7 years from now before the life of his contract ends when QB’s are making $30 million dollars more per year on average than he is 6-7 years from now.

  13. Mahomes signed for $503m of which he’ll likely see every dime. I think he’ll be ok.

  14. I feel like those hating on Mahomes just glossed over the article or skipped it all together.

  15. He should be a top 3 paid athlete in all sports. Your set for life, but set up your whole family and future family.

  16. Haha usually it’s all about “won’t win any more with that huge contract” or “in cap heII blah blah blah”

    Now it’s “he was stupid to sign for so little”

    Haters gotta hate. Just glad my team is finally good enough for people to care. Bring it on, haters! We laugh at your desperation.

  17. Dude got a half billion dollar contract and were acting like he’s a martyr. I dunno how you do it Patty, I would laugh at $50 mil a year….

  18. candlestickkid says:
    July 23, 2022 at 9:29 am
    That’s still a lot of money to pay for only one Super Bowl win.

    ————-

    He’s not even out of his mid twenties yet

  19. What an absolutely refreshing attitude! I like this guy. Now, the only thing I can hold against him is any friendship he might have with the privileged, deceptive, narcissist Aaron Rodgers.

  20. Mahomes grew up in an upper middle class stable family which says it all about his attitude on life in general.

  21. Not a mahomes fan but maybe didn’t give him enough credit for maturity due to entitled relatives and ditzy girlfriend.

  22. How much money do you need? It’s all ego driven the next qb needs to make more than the last. Pure greed. Mahomes motivation wasn’t chasing after every last dollar but to win. So he sacrificed extra money for long term security and the ability to have too talent around him in the prime years of his career. That is a leader and a winner.

  23. Too bad for other teams they don’t have a QB with this kind of attitude. Not to mention athletic ability…

  24. He wanted to Brady it. Enough money to be set, and talent to win rings. Smart kid. Have your cake and eat it too. No one remembers who was the highest paid qb year to year but we know who won the ring.

  25. It’s the oldest tale: Rube gets duped. Says, Aw shucks. Everyone has a good laugh.

  26. Good for him. Mahomes always seems to have his head on straight. He’s already more than set for life financially and shouldn’t concern himself with the Deshaun Watson and Kyler Murray overpays. There’s a lot more to life than just money.

    All these pro golfers you see now selling their souls to LIV are going to learn that the hard way.

  27. Good football players don’t make their money playing football. They make their money on endorsements. Comment like this will keep that train rolling.

  28. You guys crack me up. Not one of you would take a pay cut so your company could be better than other companies.

  29. Mahomes is set for life and is also part owner of the Kansas City Royals baseball team. That’s quite an investment, and it’s all because of the NFL. Tom Brady was paid less than many QB’s but his lower salary might have allowed his teams to win more Super Bowls, which in the end, could literally lead to billions in endorsements and other business deals. Had he taken a few more million up front, it might have ended up costing him a billion. Look at Michael Jordan and LeBron James. Two athletes who are billionaires. The championship rings are what lead to all that money. Let’s keep our eye on Brady’s bank account the next 10-20 years, remembering that other QBs made a higher salary. Keep track of Mahomes, too. I’ll bet he’s richer than any of these other QBs in 20 years. So if this is about money, Mahomes is doing the right thing.

  30. Logic says with salaries and guaranteed money skyrocketing, at some point 2-4? years from now he’s going to want his contract adjusted to reflect the going rate for a starting QB. Your delusional if you think it’s not going to happen.

  31. Mahomes literally took a stack of millions and burned it. If a team wants any player bad enough, they can work a deal to stay under the cap. There are countless ways to do this…see the Rams. QB is the #1 player. Don’t play with his money, do it with everyone else. And btw, how’s that working out for Mahomes? No championship since the deal and Tyreek got away.

  32. This kind of persona does wonders for improving his endorsement possibilities which will last long past his playing days.

  33. Fickle NFL fan out one side of their mouth saying “Oh these selfish NFL players, holding out for contracts” and then on here dissing a dude for saying he’s good with his contract not being the top paid QB in the league

  34. A refreshing change from Arron Rogers and Watson who’s egos demands that they’re the most highly paid even when they are already under contract.

  35. In addition to the pay scale for QB’s jumping quite a bit, I wonder if he realizes what inflation is going to do to that contract over 10 years. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. Now, not so much. Well, there is always the hold out strategy for re-negotiations.

  36. Patrick Mahomes is an athlete first and a businessman second. How many times do we hear the sad tale of star athletes ending up broke? Mahomes not only achieved success at an early stage in his career, that success was rewarded both in the form of a huge contact but also in very profitable endorsements. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. Add to that investments in the KC Royals, Sporting KC (soccer) and his Whataburger investments. I think Patrick Mahomes is doing it the right way….I hope for their sake other rising athletes take notice.

  37. “That is called being satisfied and appreciating what you have ”

    Mahomes is guaranteed almost half a BILLION dollars over 10 years. Of course he’s satisfied. He’s not making the most per year, but he is guaranteed more money than any other player in the NFL.

  38. maybe it will make a trade later down the line even easier
    teams agree to take on QBs salaries all the time, and after 5 years the amount he’s getting paid is going to seem piddly.

  39. Mahomes has always been wise beyond his years. Maybe this stems from his spending a lot of time in MLB locker rooms as a child–his father had a 12 year long MLB career. Regardless of the reason, his skills at leadership and motivation were on a par with his unique athletic abilities, so his attitude toward contract value et cetera is not surprising but is refreshing.

  40. “Sign here and you are set for life.” “Uh I don’t know if I can do that because other guy might get more than me in a few years.”

    Bravo to him for being smart. Being out with Andy Reid was the best thing that happened to his career.

  41. Some of these comments are funny. He has a half billion dollars coming his way. He is locked up where he wants to be for 10 years. He is a qb if at some point he wants out he can get out, if salaries get insane he can renegotiate. He wants to win, and to see his teammates eat too. He followed Brady in that regard, not a bad example. In the end, ya, he is getting 40 million, so it is not like he is some saint, but his ego did not get in the way and hamper his chance to win. I think it is good to see, can ya kick some of that money to Kelcy, as the founder of Tight End University recently said.

  42. He will get an increase in a few years…he knows it, we all know it, that’s why he’s not sweating

  43. The comments anout Mahomes being foolish to sign a 10 year deal are hilarious.
    Mahomes can get his deal restructured just about any time he feels he is underpaid.
    Does anyone think the Chiefs would take a hard stance about re-working his deal???

    Also… I think people need to remember that when the Chiefs to open up some cap space, they will look to Mahomes first because he has the highest salary to restructure. If they want him to help the team… he can play hard ball too.

  44. nite2al says:
    July 23, 2022 at 11:13 am
    You guys crack me up. Not one of you would take a pay cut so your company could be better than other companies.
    ————————————————————————————————————
    The difference is, I don’t care if my company is #1 for the year. No one cheers for us to be #1. I don’t get endorsement deals. I don’t get a sweet, diamond encrusted ring either. No parade here. No contract setting me up for life for only working a few years even if i took a “pay cut”.

  45. It’s always easy for people with more money than God to say that “it’s not about the money”.

  46. Does the contract length really matter? If Mahomes wants more money, he holds out and the contract gets adjusted.

  47. Herbert and Burrow would be wise to sign the same long term deals that Mahomes and Allen signed. When it’s that much money you’re set for life but your legacy isn’t. Take a more team friendly contract so you can compete every year for a Super Bowl.

  48. I don’t understand why more players don’t have this attitude. Every starting QB in the league is set for life. A million difference here and there doesn’t make much difference at those salary levels. Also, these guys are all young. 10 years of investments and these guys will all be insanely rich by the time they are 40.

  49. nite2al says:
    July 23, 2022 at 11:13 am

    You guys crack me up. Not one of you would take a pay cut so your company could be better than other companies.

    ————-

    That may have something to do with the fact that the pay cut in question is something like $550 million vs. $500 million, with the cut having a real chance of making a difference in the outcome, not $60,000 vs. $45,000 and still losing your job because your competitor makes a better product.

  50. Our society is out of whack. Mahomes and other players deserve what they get based on the NFL’s total revenue, and the important roles they play in it, but still, a guy who tosses a ball shouldn’t be earning 500 million while teachers make in their lifetimes what he makes in one month or less. I say do this: when an NFL team’s revenue reaches a certain point, require it to contribute a sizable tax to its city’s education or health & services budgets. Mahomes would be just as happy with a million a year as he would with 30 million. Same goes for all these guys and the owners. Let’s get our priorities straight as a nation.

  51. nyctraffic, This arguement is old. The money leagues and athletes make is obscene, but I ain’t mad about it. Take what you can get when you can get it and don’t feel bad about it.

  52. nyctraffic says:
    July 23, 2022 at 5:25 pm

    Our society is out of whack. Mahomes and other players deserve what they get based on the NFL’s total revenue, and the important roles they play in it, but still, a guy who tosses a ball shouldn’t be earning 500 million while teachers make in their lifetimes what he makes in one month or less. I say do this: when an NFL team’s revenue reaches a certain point, require it to contribute a sizable tax to its city’s education or health & services budgets.

    —————

    No, absolutely not.

    You seem to think compensation should be based on the importance of the job to society rather than the difficulty of finding a person with the skills to do the job.

    Let’s say a city’s power grid needs to be turned on every day, and this involves simply turning a switch from left to right at 6 in the morning. That is an incredibly, supremely, critically, important job. Is a $1 billion a year appropriate because his job is so important, or is a free bus token enough because a Jack Russell Terrier could do the job just as well?

  53. That is the correct answer. He’s already won at life. No reason to fret about such trivial matters at this point. He could quit tomorrow and be set for life. He knows to appreciate his situation. Nicely done

  54. I get the premise, sign a long term team friendly deal and win some championships, but the players who do this should have a clause in the contract that teams have to spend at least 95-98% of the salary cap each year. Can you imagine the Bengals or another cheap team carrying $30 million a year in unused cap and their QB doing a team friendly deal?

  55. You seem to think compensation should be based on the importance of the job to society rather than the difficulty of finding a person with the skills to do the job.

    ————–

    Your statement doesn’t hold true. Very few people have the skills to safely wrestle an alligator or operate a space station or win a national hot dog eating contest or safely remove a Glioblastoma multiforme from a brain. Despite the proportionate rarity of their skills, none of those people will make as much as a middling NFL backup quarterback, simply because the NFL prints money. It is not just about rarity of skill.

  56. nyctraffic, This arguement is old. The money leagues and athletes make is obscene, but I ain’t mad about it. Take what you can get when you can get it and don’t feel bad about it.————

    Just because an argument is old doesn’t mean it’s wrong.

  57. A refreshing change from Arron Rogers and Watson who’s egos demands that they’re the most highly paid even when they are already under contract.
    ===========

    The Packers played a major role.

    They raced to get a deal done with Rodgers before Mahomes massive deal. Even with Rodgers coming off major shoulder surgery.

    The Packers brought the last deal to the table also, to put their cap in a better position.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!

This site uses Akismet to reduce spam. Learn how your comment data is processed.