Chiefs, Mahomes agree to restructured deal to include big pay raise, AP source says
KANSAS CITY, Mo. (AP) — Two people familiar with the negotiations told The Associated Press on Monday that the Chiefs and NFL MVP Patrick Mahomes had agreed to a restructured contract. The people spoke to the AP on condition of anonymity because they were not authorized to discuss the contract. Mahomes was signed to a 10-year, $450 million deal that would have kept him under contract through the 2031 season. At the time, Mahomes set the market for quarterback pay, but he has been passed over several times as the market inflated. Joe Burrow of the Bengals recently set the standard with a five-year deal averaging $55 million per year.