What happened: The two-time Pro Bowler was entering the final season of the three-year contract he signed in 2024. Tuesday’s completion follows an agreement reached earlier in the day.
Why it matters: The contract locks down the quarterback position beyond 2026. It also ends the possibility of negotiations carrying into the regular season.
By the numbers: The extension spans three years and averages $55 million annually beginning in 2027. Mayfield has made 51 starts over the past three seasons, tied for the quarterback lead.
What to watch: Mayfield now turns to his first start of the 2026 regular season.