Patrick Mahomes Contract 2025. No matter what happens, the chiefs are on the hook to pay him just. That action lowered his cap hit from $58.6 million to.

Mahomes’ contract restructure involved taking $27 million of his 2024 compensation and converting it into a signing bonus, per spotrac.com. 16 rows patrick mahomes signed a 10 year, $450 million contract extension with the chiefs on july 6, 2020.