The top 5% might get huge contracts, but what about the other 95% of the players? In the end, ya, he is getting 40 million, so it is not like he is some saint, but his ego did not get in the way and hamper his chance to win. Hell or high water. Logic says with salaries and guaranteed money skyrocketing, at some point 2-4? With a height of 6 ft 2 in (1.88 m), Patrick is considered one of the most talented quarterbacks in the NFL today. Ask Kansas City Chiefs fans if the Patrick Mahomes trade pricetag was worth it. -- Chiefs quarterback Patrick Mahomes, who recently declared his love for ketchup on such foods as steak and macaroni and cheese, has an Per Spotrac, Mahomes is set to make $10.825 million in 2020: $825,000 in base salary and a $10 million signing bonus. This makes him history's youngest professional sports team owner, increasing his substantial fortune. Mahomes joined the Kansas City Royals ownership group on July 28, 2020, as a minority stakeholder. Patrick Mahomes net worth: How much money does Chiefs QB make in 2022. He also owns various businesses and investments, contributing to his net worth. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. April 13, 2023 6:32 AM EDT. 2020: $1.02 billion. His net worth looks poised to explode in the coming few years, especially as his business interests grow more varied. Decent. (Photo: Courtesy of Oakley) This includes his Kansas City Chiefs contract from which he was earning only $555,000 a year as a rookie. Patrick Mahomes may become the NFL's first $200 million player, but he can expect to earn double that amount in endorsements, according to a sports marketing expert. Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades. AppSumo has helped launch hundreds of start-ups over the years and has given entrepreneurs access to cutting-edge tools to grow their businesses. KC needs to find players willing to get paid a lot but not max and win ships. Copyright 2023 Sporting News Holdings Limited. "I'm Patrick Mahomes and I eat at Subway Kansas City", "Oh, the player that isn't good enough to start sponsors Subway and buys his cars at Jimbob's Ford dealership, maybe I'll see where the starters do their thing". Very few people have the skills to safely wrestle an alligator or operate a space station or win a national hot dog eating contest or safely remove a Glioblastoma multiforme from a brain. Those are the predictions what folks think will happen. Patrick Mahomes has a variety of lucrative endorsement deals. Mahomes will also earn an additional $550,000 for attending team workouts during the offseason. Mahomes drives a Ferrari 812 Superfast. At just 27 years old, the quarterback for the Kansas City Chiefs NFL team has gathered a net worth of approximately $50 million. 2015: $700 million. Willie Nelson's Net Worth: How Rich is this Country Music Legend? Its simple. Mahomes was ranked 10th in the 2017 NFL Draft and is expected to be a cornerstone of the franchise for years. He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors. One of the first major purchases Mahomes made following his extension was a stake in the Chiefs' MLB neighbor, the Royals. You guys crack me up. Mahomes literally took a stack of millions and burned it. Super Bowl MVP Patrick Mahomes and All-Pro tight end Travis Kelce walked on stage with the Vince Lombardi Trophy and riled up the crowd before turning it over to NFL Commissioner Roger Goodell. To be fair, this is more of a long-term play. QBs doing these cap friendly deals makes no sense because you have no idea what they will do with the saved money. 10 or 11, the trade package should involve two 1st-Round picks, not three. Here, we will take an in-depth look into Patrick Mahomes' net worth and explore all the factors that have made him one of today's biggest superstars. Longevity is a big issue, attractiveness is a big issue, as is success. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. Despite not being in the league very long, Mahomes has made himself a pretty penny, all things considered. So glad youll be able to feed your family. THIS MAN GETS IT !!! He even has more endorsement potential than Manning, who is one of the most likeable and also one of the highest-grossing celebrity endorsers ever. His hydration is sponsored by Essentia water. I say do this: when an NFL teams revenue reaches a certain point, require it to contribute a sizable tax to its citys education or health & services budgets. The deal is eye-popping. Only time will tell how much Patrick Mahomes is able to maximize his net worth through investments, but hes off to a great start. Patrick Mahomes has 'even more endorsement potential than Peyton Manning,' expert says, Mahomes' new contract likely to prevent a Chiefs dynasty, Projecting Mahomes' NBA-like second contract. Lets say a citys power grid needs to be turned on every day, and this involves simply turning a switch from left to right at 6 in the morning. Such deals give Mahomes a platform to reach millions of fans while providing financial security and stability for his family. Heres our mindest, in the easiest digestible format: No matter what, should the Vikings effectuate this endorsement a longshot Stroud will determine the course of the franchise and head coach Kevin OConnells employment. He threw for more than 5,000 yards, 50 touchdowns, and won the NFLs most valuable player award. Some of these comments are funny. nyctraffic, This arguement is old. Through a combination of Andy Reids aggressive play-calling and Mahomes knack for making the impossible look routine, the Chiefs became virtually unstoppable on offense. He could quit tomorrow and be set for life. I think Patrick Mahomes is doing it the right way.I hope for their sake other rising athletes take notice. Read more: Patrick Mahomes once again proved he is the king of NFL comebacks, erasing a 10-point 4th quarter deficit to win Super Bowl LIV. WebNew York, August 4 th, 2020 BioSteel Sports Nutrition Inc. today announced a momentous partnership between the sports nutrition company and Patrick Mahomes, the new face of the NFL and entrepreneur, as he joins the companys roster of elite athletes as a partner. Adrianna Barrionuevo. In 2020, Kansas City committed to Mahomes with the biggest contract in NFL history. Tom Brady was paid less than many QBs but his lower salary might have allowed his teams to win more Super Bowls, which in the end, could literally lead to billions in endorsements and other business deals. As of now, he is estimated to earn approximately $7 million per year in addition to his official income. In fact, aside from his 4,343 square foot home, Mahomes also has other properties to his name including a $350,000 condo, a $400,000 vacant lot in Belton, and a $3.37 million home in Texas. His first contract came from Hunts upon revealing his love for ketchup. Listed guilty pleasures: Peanut Butter Ice Cream, The Sopranos, and The Doors (the band). That means every season, Mahomes can pocket up to $2.5 million in additional funds. Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. Does anyone think the Chiefs would take a hard stance about re-working his deal??? Ironically, we also believe current quarterback Kirk Cousins will have a fabulous year in 2023, his first hurrah with back-to-back offensive playcalling continuity in years. Here's a breakdown of Patrick Mahomes' new contract with the Chiefs. The brand says it chose Mahomes after he became the And no message shouts FREEDOM louder than their success. Copyright 2023 Sporting News Holdings Limited. Best QB in the league (Top 3 on any list) and setup a team friendly deal! Tom Pennington, Getty Images. Carmen Mandato/Getty Images for The Match, The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal, How Patrick Mahomes went from a high school baseball star to the face of the NFL, Patrick Mahomes once again proved he is the king of NFL comebacks, erasing a 10-point 4th quarter deficit to win Super Bowl LIV, Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City, Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more, Patrick Mahomes spent some of his $503 million Chiefs mega deal buying a stake in the Kansas City Royals, becoming the youngest owner in MLB history, Patrick Mahomes fianc of KC NWSL team owner Brittany Matthews rocks fiance's jersey at the team's first home game. His profile is aided by a change in the marketing landscape, according to Duber-Smith. Oh, and he has a Super Bowl ring. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. Web#1 Quarterback #1 Kansas City Chiefs #1 NFL Transactions Mar 15 2023 Converted $12M of a $34.4M 2023 roster bonus into signing bonus, clearing $9.6M of cap with Kansas These bonuses make him the highest-paid player in NFL history, with a total cap hit of $49,293,381 and a dead cap value of $94,880,143. Eckardt says Mazi Smith (Michigan); Baker predicts Bryan Bresee (Clemson). "They like to watch the best in the world, which explains why the Premier League ratings are so much higher than our own MLS. Drew Bledsoe, a quarterback who dropped back in Jones' franchise cleats before him, offered a ringing endorsement of the current Foxboro flinger on the "Off the Pike" podcast presented by The Ringer. Ideally, for these purposes, Stroud falls to the 10th or 11th pick, and general manager Kwesi Adofo-Mensah pounces via trade. Mahomes base salary does appear to be very low. July 23, 2022 at 5:34 am So if this is about money, Mahomes is doing the right thing. Patrick has endorsement deals with some of the world's biggest brands, such as Adidas, Oakley, Airshare, Bio Steel, State Farm Insurance, and Direct TV. The next guy to sign a new contract is the top-paid guy, and Mahomes wont sign a new contract any time soon. This site requires JavaScript to run correctly. Your set for life, but set up your whole family and future family. After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, Mahomes also said he expects more young quarterbacks, like Justin Herbert and Joe Burrow, to sign new deals that eclipse his own in terms of per-year average pay. He has earned substantial wealth through endorsements, bonuses, and other football contracts. Patrick Mahomes once served as a counselor at the Manning Passing Academy, a summer football camp for high school players that Mahomes has to be making a gargantuan amount of money from commercials and endorsement deals, I dont think hes too concerned about the contract he signed. Off the field, he has over 5.6 million followers on Instagram and is known for his charitable work with organizations such as 15 and The Mahomies Foundation. When its that much money youre set for life but your legacy isnt. He is also a great role model for children, inspiring them to pursue their dreams and succeed despite obstacles. He has also joined with the likes of Kevin Durant, Eli Manning and Rory McIlroy to invest in a tech unicorn called Whoop. As gaudy as Mahomes' contract is, it's still pretty team-friendly through 2021, which will mark the fifth year of his rookie contract.