Patrick Mahomes Rookie Contract Overview
Patrick Mahomes signed his rookie contract with the Kansas City Chiefs after being selected 10th overall in the 2017 NFL Draft source. The deal was a standard four-year rookie contract with a fifth-year option, which is typical for first-round picks under the NFL Collective Bargaining Agreement source.
The total guaranteed money in Mahomes rookie deal was structured around a large signing bonus and base salaries for each year source. The contract included standard escalators for playing time and performance incentives that are common for top draft selections.
Patrick Mahomes Rookie Contract Salary and Cap Figures
Mahomes base salary in his first rookie year was set at $610,000, reflecting the NFL rookie pay scale for first-round picks source. His salary increased modestly in subsequent years, with the final rookie base year at $750,000 before the fifth-year option kicked in.
The signing bonus for Mahomes was $10.09 million, which was fully guaranteed at signing source. This bonus was prorated over the life of the contract for salary cap purposes, spreading the cost across all four rookie years and the option year.
Patrick Mahomes Fifth-Year Option and Extension
The Chiefs exercised Mahomes fifth-year rookie option in April 2020, which was a team option that must be triggered by the club source. The option year salary was determined by a formula based on his Pro Bowl selections and playing time, resulting in a $14.1 million base salary for the 2021 season.
After his rookie contract expired, Mahomes signed a record extension with the Chiefs in July 2020 source. The extension is a 10-year deal running through the 2031 season, with total value exceeding $450 million and making him one of the highest-paid players in NFL history.