Kansas City Chiefs QB Patrick Mahomes earned the AP MVP Award for the 2022 NFL season at the NFL Honors ceremony on Thursday night. It was his second career MVP win and comes just ahead of the team’s Super Bowl LVII matchup against the Philadelphia Eagles.
As a result of winning the award, Mahomes also earned a hefty contract incentive. According to ESPN’s Field Yates, Mahomes earns an extra $1.25 million for earning the NFL’s MVP honors in 2022. It might seem like chump change for a guy who signed a contract worth $500 million a few years ago, but as far as incentives go, it’s a pretty sizable incentive.
By winning NFL MVP, Patrick Mahomes has earned a $1.25M incentive.
— Field Yates (@FieldYates) February 10, 2023
It’s certainly a nice bonus to earn a few days prior to playing in the Super Bowl. He’ll even have a chance to earn more contract incentives should he earn the Super Bowl LVII MVP award, which would mark his second career Super Bowl MVP win.
This incentive is considered Not Likely To Be Earned (NLTBE), which means that it won’t count against this season’s salary cap and that the team will have to account for the money down the road.
