On Wednesday, it was announced that Patrick Mahomes had once again reset the quarterback market. His record-setting extension puts him at the top of the quarterback food chain and brings him new money on his deal worth $239 million, with the total value now at $504.75M from 2026-33. The Mahomes extension has been a long time coming; it was always a matter of "when," not "if," the Chiefs would revisit the contract to free up cap space in the future.