Patrick Mahomes, Chiefs Can Revisit Contract After Burrow, Herbert Deals, GM Says

Patrick Mahomes signed a 10-year, $450 million extension with the Kansas City Chiefs that began in the 2022 season, which at the time was a record-setting deal.

But as the quarterback market shifts, it's a deal that eventually could see Mahomes making less than a number of other players around the league. And Kansas City Chiefs general manager Brett Veach suggested the team may be open to revisiting the deal in the future.

"We have a special relationship with him and his agent. ..." he told reporters Thursday. "There are a couple of other deals with [Joe] Burrow and [Justin] Herbert and then we can always talk about it."

The quarterback market is always shifting. Mahomes' deal remains the biggest in NFL history in terms of overall money and years, though the average annual value of the contract ($45 million) ranks sixth behind the deals of Jalen Hurts ($51 million), Aaron Rodgers ($50.3 million), Russell Wilson ($48.5 million), Kyler Murray ($46.1 million) and Deshaun Watson ($46 million).

His practical guaranteed money, $141.4 million, ranks seventh and pales in comparison to the fully guaranteed $230 million that Watson received. Watson's guaranteed figure, however, probably moved the market past where most teams are comfortable going.

But a number of new deals could further change those ranks. Alongside the aforementioned extensions that Burrow and Herbert will almost assuredly sign with the Cincinnati Bengals and Los Angeles Chargers, respectively, the eventual Lamar Jackson contract will also have an impact on the market.

Veach told reporters:

"It's one of those things, and I think Coach (Andy Reid) hinted on this in his last press conference: As soon as one guy gets done, it's kind of the blueprint and the model and two years later, it's jumped and exceeded. I think this organization and the relationship we have with Pat will always be working to make sure we're doing right by everybody."

Having Mahomes under contract through the 2031 season is already a fantastic scenario for the Chiefs. And as more quarterback extensions get done, it will likely continue to become more and more of a bargain as the market stretches, even despite the massive figures he's bringing in.

Mahomes, 27, is worth the cost, even if the deal gets reworked down the line. In his six seasons he's already won two titles, two MVP awards, been a five-time Pro Bowler and two-time first-team All-Pro selection. He had another great season in 2022, throwing for 5,250 yards, 41 touchdowns and 12 interceptions, completing 67.1 percent of his passes while taking just 26 sacks.

So long as Mahomes is in Kansas City, the Chiefs are contenders. And the Chiefs don't appear to be against paying handsomely for that security.