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Patrick Mahomes has agreed to a new contract extension with the Kansas City Chiefs worth over $504 million, tying him to the team through 2033 and potentially reaching $522.25 million with incentives. The deal makes Mahomes the first NFL player to surpass half a billion dollars in a contract, with an average annual value of around $64 million starting in 2027. Despite questions about recent declining passing yards, Mahomes's team considers him worth the investment due to his leadership in leading the Chiefs to five Super Bowls and winning three.
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