The highest-paid NFL player by average annual value (AAV) is Dak Prescott of the Dallas Cowboys, who signed a four-year extension worth $240 million, averaging $60 million per season

. However, in terms of total contract value, Patrick Mahomes of the Kansas City Chiefs holds the largest contract in NFL history, a 10-year deal worth $450 million signed in 2020, with an average salary of $45 million per year

. To clarify:

• Highest average annual salary: Dak Prescott, $60 million per year

• Largest total contract value: Patrick Mahomes, $450 million over 10 years

Thus, Prescott currently earns the highest yearly pay, while Mahomes has the biggest overall contract.