KANSAS CITY, Mo. (AP) — Patrick Mahomes is set to be the quarterback of the Kansas City Chiefs well into the next decade.
The Chiefs and the two-time MVP agreed to a restructured contract Wednesday that adds two years to his deal and pushes the total compensation past a half-billion dollars, a person familiar with the terms told The Associated Press. The person spoke on condition of anonymity because the Chiefs do not disclose financial terms of their contracts.
The Chiefs later posted a photo of Mahomes signing his extension on social media.
Mahomes signed a 10-year, $450 million contract in 2020 that set a benchmark not only for the quarterback position but for any football player. The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and it comes in at $504.75 million, with incentives and escalators that could push the value $522.25 million.
“Over the last decade, Patrick has become one of the most iconic, beloved sports figures of all time,” Chiefs chairman Clark Hunt said. "He has helped lead our franchise to five Super Bowl appearances and three championships, he has been instrumental in shaping the Chiefs brand and putting Kansas City on the world stage, and on top of it all he has been an outstanding role model.
“Patrick is a generational talent and an elite human being and I'm so excited he will continue to lead our team into the future.”
The Chiefs and Mahomes regularly rework his contract in the offseason, giving the team the financial flexibility to surround him with enough talent to compete for championships. The latest deal, though, includes a massive pay increase after recent deals done for other quarterbacks — among them Dak Prescott, Jordan Love, Joe Burrow and Josh Allen — had reset the QB market.
Prescott's four-year deal included a league-leading average of $60 million per year. Mahomes will now average $63.1 million.
“The magic continues,” his agency, Equity Sports, and its chief executive Chris Cabott wrote on social media Wednesday.
Mahomes underwent season-ending surgery last December after tearing ligaments in his left knee in the waning minutes of a loss to the Chargers. He has spent the entire offseason rehabbing the injury in Kansas City, and he has been on the field for the entirety of the Chiefs' offseason program, which concludes Thursday with the final day of their mandatory three-day minicamp.
“I like what I've seen. He's working hard,” Chiefs coach Andy Reid said earlier in offseason workouts. “This is good for him, I mean getting out there and throwing. It’s good rehab as he continues to rehab, so he keeps the feel with the wide receivers. Or he’s doing partial practice and — but it’s important that he keeps his timing up. He’s busting his tail to put himself in this position.”
Mahomes has insisted ever since his injury that his goal was to be ready for Week 1 of the coming season.
The Chiefs play their preseason opener against the Rams on Aug. 15, but their regular-season opener is not until Sept. 14, when they face defending AFC West champion Denver in a marquee Monday night matchup at Arrowhead Stadium.
“I want to be out there with my guys,” Mahomes said recently, "but I know that’s still a long ways away, and so all I can do is execute the day and do whatever I can do to be better that day. We’ve done that up until now, and we’ve set these checkpoints and these goals of where I want to be at, and I’ve gotten to those. So now I just have to continue to do that at the right pace.”
Mahomes has been shattering records ever since the Chiefs made him their starter for the 2018 season. He has thrown for nearly 36,000 yards, earned six Pro Bowl nods and won three Super Bowl titles in five trips to the championship game.
The Chiefs had been to three straight Super Bowls before finishing a disappointing 6-11 last season. Mahomes was on injured reserve for the final three games, all of them losses, while the Chiefs turned their attention toward the coming season.
“As a competitor and as a football player, I want to be there,” Mahomes said. “I can’t predict the future. All I can do is be great today and then continue to be great tomorrow, but I’ve gotten to where I’ve gotten to because of that mindset and the goal at the end — the very far end — is to be ready and to be able to go out there and play with the guys Week 1.”
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Kansas City Chiefs quarterback Patrick Mahomes (15) watches drills during the NFL football team's practice Tuesday, June 9, 2026, in Kansas City, Mo. (AP Photo/Ed Zurga)
Kansas City Chiefs quarterback Patrick Mahomes, back, talks with head coach Andy Reid during an NFL football team's practice Wednesday, June 10, 2026, in Kansas City, Mo. (AP Photo/Ed Zurga)
Kansas City Chiefs quarterback Patrick Mahomes (15) signals teammates during the NFL football team's practice Wednesday, June 10, 2026, in Kansas City, Mo. (AP Photo/Ed Zurga)
DUBAI, United Arab Emirates (AP) — The U.S. military said Wednesday it began another round of strikes against Iran after President Donald Trump warned that Tehran would “pay the price” for stalled negotiations. The escalating attacks threatened to derail efforts to end the war.
U.S. Central Command said in a social media post that the military was striking “multiple targets in Iran,” attacks that were “in response to Iran’s unwarranted and continued aggression.”
The second day of American strikes came hours after Bahrain, Kuwait and Jordan — all of which host U.S. troops — came under Iranian fire. It was the third time this week that back-and-forth strikes have tested a two-month ceasefire. They also came a day after the U.S. struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Trump blamed on the Islamic Republic.
Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days.
Iranian media reported that explosions were heard in Bandar Abbas, Sirik and Minab in the south of the country.
Iran has proved resilient despite weeks of heavy bombing. It is betting that its ability to effectively close the Strait of Hormuz — a crucial passageway for oil and natural gas — gives it a strong bargaining chip.
Iran’s United Nations envoy said the U.S. should refrain from threats of force if it wants a deal.
“Iran has never negotiated under threats and pressure and will never submit to pressure or question,” Ambassador Amir Saeid Iravani told the U.N. Security Council on Wednesday.
Still, both countries seem to be looking for a way to end the conflict — if they can manage to sell it as a win at home.
Israeli Prime Minister Benjamin Netanyahu appears intent on pursuing goals that make compromise harder: the collapse of Iran’s theocratic government, the elimination of its nuclear program, and the destruction of the Iranian-allied Hezbollah militant group in Lebanon. On Monday, Iran and Israel targeted each other.
Since the U.S. and Israel started the war with Feb. 28 attacks on Iran, the conflict has shaken the global economy, driven up energy prices worldwide, and made food and other basics more expensive.
The international benchmark for crude oil traded above $93 a barrel on Wednesday, up more than 25% since the start of the war.
Trump said Wednesday the U.S. military has since last month undertaken a “secret mission” to sneak oil shipments past Iran’s forces in the Strait of Hormuz. He said ships were slipping through at night, aided by the destruction of Iranian radar equipment.
Trump said as a result more than 100 million barrels of oil have evaded Iran’s chokehold on the strait. There was no immediate confirmation of that figure, which roughly equals five days of oil shipments through the waterway before the war began.
The military’s role was not immediately clear. Capt. Tim Hawkins, a Central Command spokesman, said U.S. forces “communicate and coordinate” with commercial ships in the area, but gave no details on military support being offered.
Earlier Wednesday, the U.S. military said an American aircraft fired “precision munitions” into the engine room of the Palau-flagged vessel M/T Settebello as it attempted to breach the naval blockade with a shipment of Iranian oil. It was the eighth merchant vessel disabled by U.S. forces in waters off Iran.
India’s foreign ministry said three Indian sailors were missing after the Settebello was struck, while 21 others were rescued. Its statement did not mention the U.S. military or the blockade.
Hawkins of U.S. Central Command said American forces warned the crew before firing on the ship.
The U.S. military said strikes earlier Wednesday targeted “air defense, ground control stations, and surveillance radar sites."
Iran said U.S. strikes hit two water reservoirs in the southern city of Sirik, temporarily cutting off water to thousands of people. U.S. Central Command had no immediate comment.
Tehran later claimed attacks in Kuwait, Bahrain and Jordan.
Jordan said it shot down five incoming missiles, which Iran said targeted an air base hosting American military aircraft.
Bahrain and Kuwait said they intercepted incoming fire.
Iranian Foreign Minister Abbas Araghchi condemned the American attacks as a violation of Iranian sovereignty. Foreign Ministry spokesperson Esmail Baghaei said in televised comments that, following the new attacks, Iran would review its stance on negotiations to end the war.
Efforts to mediate a deal continued. Following consultations with the U.S., a delegation from Qatar arrived in Tehran for talks on Wednesday, according to an official with knowledge of the visit who requested anonymity due to the sensitivity of the talks.
The exchanges of fire came a day after a U.S. Army attack helicopter crashed near the Strait of Hormuz. The helicopter collided with an Iranian drone, according to a U.S. official speaking on condition of anonymity to discuss an ongoing investigation. It wasn’t clear whether the collision was intentional.
A drone boat rescued the helicopter’s two crew. Trump said they were uninjured.
Wary of high gas prices in the run-up to congressional elections in November, Trump seems to be looking for a quick win. But he is also making demands that will be tough for Iran to swallow.
The U.S. wants to see Iran give up its stockpile of highly enriched uranium. While Iran insists its nuclear program is peaceful, that uranium is a short technical step from weapons-grade levels.
Iran is refusing to give up the uranium and demanding relief from sanctions. It also wants the release of frozen assets even before a final agreement is in place, something Trump rejected.
It's not clear how those differences can be bridged. In a Truth Social post Wednesday, Trump said Iran was taking “too long to negotiate a deal" and "now they will have to pay the price!!!”
Iran has insisted that any deal to end the war must also end fighting between its ally Hezbollah and Israel. Israel has instead intensified its military campaign against the Lebanon-based militant group.
An airstrike on a village east of Tyre killed at least six people, Lebanon's state-run National News Agency reported. It said two others were killed by an Israeli drone strike on a car in the southern city of Sidon.
Price reported from Washington. Associated Press writers Konstantin Toropin and Will Weissert in Washington; Edith M. Lederer at the United Nations; Natalie Melzer in Nahariya, Israel; David Rising in Bangkok; Bassem Mroue in Beirut; Michelle L. Price in New York; Russ Bynum in Savannah, Georgia, and Hannah Schoenbaum in Salt Lake City contributed to this report.
A man runs past burning cars following an Israeli airstrike in the southern port city of Sidon, Lebanon, Wednesday, June 10, 2026. (AP Photo/Mohammed Zaatari)
People take shelter as air raid sirens warn of incoming Iranian missiles in Ramat Gan, Israel, Monday, June 8, 2026. (AP Photo/Oded Balilty)
A projectile streaks through the sky over central Israel during an Iranian missile attack, Sunday, June 7, 2026. (AP Photo/Ohad Zwigenberg)
A cleric checks his cell phone on stage in front of a screen displaying portraits of the late Iranian revolutionary founder Ayatollah Khomeini, left, late Supreme Leader Ayatollah Ali Khamenei, center, and Supreme Leader Ayatollah Mojtaba Khamenei, during a pro-government gathering in Tehran, Iran, Sunday, June 7, 2026. (AP Photo/Vahid Salemi)
A woman walks past a mural depicting a U.S. aircraft carrier under missile attack in downtown Tehran, Iran, Monday, June 8, 2026. (AP Photo/Vahid Salemi)
