LATEST: Patrick Mahomes and the Chiefs are left with no NFL record contract after Dallas and Dak Prescott agree on one.

In a significant turn of events in the NFL, Patrick Mahomes and the Kansas City Chiefs have been dethroned from holding the largest contract in league history. Dallas Cowboys quarterback Dak Prescott has agreed to a record-breaking deal, eclipsing Mahomes’ previously monumental contract. This new development sees Prescott becoming the highest-paid player in NFL history, altering the landscape of quarterback salaries in the league.

Mahomes’ 10-year, $450 million contract with the Chiefs, signed in 2020, was a landmark moment in sports, setting a precedent for elite quarterback compensation. However, Prescott’s new agreement with the Cowboys has redefined that benchmark. While exact figures of Prescott’s deal have yet to be disclosed, early reports suggest it surpasses Mahomes’ total value, particularly in terms of guaranteed money and annual salary.

For Prescott, this contract is the culmination of his rise to stardom since being drafted in the fourth round in 2016. After overcoming a season-ending ankle injury in 2020, Prescott returned stronger, leading the Cowboys to multiple playoff appearances and solidifying himself as the franchise’s centerpiece. The deal reflects the Cowboys’ belief in Prescott’s ability to guide the team to sustained success.

Meanwhile, Mahomes and the Chiefs, though no longer holding the most lucrative contract, are still focused on maintaining their dynasty aspirations. Mahomes has already delivered two Super Bowl titles and continues to be the face of the franchise. The new standard set by Prescott’s contract will likely ripple through the league, forcing teams with elite quarterbacks to re-evaluate their own deals.

This shift underscores the ever-evolving nature of NFL contracts, with quarterback salaries escalating as players continue to push the boundaries of performance and value. Both Mahomes and Prescott remain at the forefront of this financial revolution in the NFL.