QB is the #1 player. 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. He threw for over 5,000 yards and 50 passing touchdowns in his first year as a starter and has 75 touchdown passes over the past two seasons. To date, though, Mahomes is keeping it cool. Have your cake and eat it too. via Getty. His performance in Kansas City's31-20 win over San Francisco 49ers were enough to earn Super Bowl 54MVP honors. And VTs Janik Eckardt + Dustin Baker individually foresee the team ending up with a defensive tackle after a trade out of the 23rd pick. He also has a home in Texas bought before his extension and a $1.75 million home in Kansas City, which he shares with fiancee Brittany Matthews. Andy Reid and the Chiefs saw enough in the then-22-year-old, though, sending veteran quarterback Alex Smith to the now Commanders. At just 27 years old, the quarterback for the Kansas City Chiefs NFL team has gathered a net worth of approximately $50 million. The comments anout Mahomes being foolish to sign a 10 year deal are hilarious. "They are different. Learn how your comment data is processed. The Texas-born hurler is still a young buck compared to some of the league's biggest names like Tom Brady and Aaron Rodgers. David Suggs is a content producer at The Sporting News. "I would compare him to Peyton Manning, though. Ketchup-loving Patrick Mahomes lands endorsement deal from His endorsement deals have earned him millions of dollars and international recognition. Now, not so much. They make their money on endorsements. Mahomes was even featured in one iteration of "The Match," teaming up with Josh Allen to face off against Aaron Rodgers and Tom Brady to raise money for charity. After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, KANSAS CITY, Mo. Mahomes and Tyrann Mathieu started a voter registration project in Kansas City which encouraged Kansas City residents to register to vote in the 2020 Presidential Election. Depends on who was fixing it and what his goals are. But Mahomes says hes not concerned. He sat behind & learned from veteran QB Alex Smith during his rookie season, taking over the starting role for his sophomore campaign. No one remembers who was the highest paid qb year to year but we know who won the ring. Patrick Mahomes II (@PatrickMahomes) June 7, 2022. Take a more team friendly contract so you can compete every year for a Super Bowl. 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. Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. Mahomes and other players deserve what they get based on the NFLs total revenue, and the important roles they play in it, but still, a guy who tosses a ball shouldnt be earning 500 million while teachers make in their lifetimes what he makes in one month or less. Your login session has expired. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000." A. Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. Patrick Mahomes may become the NFL's first $200 million I dont understand why more players dont have this attitude. Mahomes has always been wise beyond his years. Take what you can get when you can get it and dont feel bad about it. Lets keep our eye on Bradys bank account the next 10-20 years, remembering that other QBs made a higher salary. This is the most lucrative sports contract, earning Mahomes significant income. He released his signature shoe with Adidas in 2021, called the Mahomes 1 Impact FLX. Murray just signed a new contract extension w/ Two YRs left on his rookie deal. What Is Patrick Mahomes' Net Worth Well, there is always the hold out strategy for re-negotiations. How much has the Chiefs quarterback made over his career? Mahomes always seems to have his head on straight. Three-year cash flow for quarterbacks reveals how badly Patrick 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. He has also lined up across from Troy Polamalu while promoting Head and Shoulders. Add to that investments in the KC Royals, Sporting KC (soccer) and his Whataburger investments. After his 10 year deal with the Chiefs, Mahomes is estimated to make an average of $45 million per year at the starting of 2022. Jackson Mahomes (Patrick Mahomes Brother) Net Worth 2023: Salary, Brand Endorsements, House and Property, Car Collection, etc Jackson Mahomes has his own clothing brand named as fanjoy.co By Fatima Farheen March 30, 2023 Jackson Mahomes, the popular TikTok, hails from the United States. If a team wants any player bad enough, they can work a deal to stay under the cap. In 2023 he is also earning a roster bonus of $34,400,000 and a workout bonus of $550,000, while carrying a cap hit of $46,793,381 and a dead cap value of $94,880,143. Trading into the Top 10 could be as expensive as this years 1st-Rounder, plus two more from 2024 and 2025. He's got a handful of successful endorsement deals, including ones with Adidas, DirectTV and Head and Shoulders. nite2al says: Patrick Mahomes This site uses Akismet to reduce spam. The 2018 NFL MVP inked a mammoth 10-year, $450 million contract in the summer of 2020, the biggest deal in NFL history. She is a creative thinker who aspires to be a role model for young women everywhere. Combine that with the fact that he makes more than $20 million in annual endorsement income, and the NFL superstar is already one of the highest-paid athletes in the world. Patrick Mahomes: Building A Billion Dollar Investment Portfolio The difference is, I dont care if my company is #1 for the year. Despite the proportionate rarity of their skills, none of those people will make as much as a middling NFL backup quarterback, simply because the NFL prints money. KANSAS CITY, Mo. If you enjoyed todays email, please share it with your friends! 2015: $700 million. If anything it was a bit foolish on Mahomes part to sign for a full 10 years when the QB market will look completely radically different than it does today 5-7 years from now (go back look at how much less QBs were making it 2014-2016 compared to today) which is why id bet my house that Mahomes starts chirpping and ends up holding out demanding a new deal at some point 5-6-7 years from now before the life of his contract ends when QBs are making $30 million dollars more per year on average than he is 6-7 years from now. But if his net worth is what inspires you, now THAT is where we can help you! For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. (Photo: Courtesy of Oakley) Patrick Mahomes Mahomes literally took a stack of millions and burned it. That portfolio should only grow more and more diverse as the years go on. Patrick Mahomes II (@PatrickMahomes) March 24, 2021. Alongside Deshaun Watson and reigning MVP Lamar Jackson, he is a superstar who will attract sponsors, not just with his play on the field but also his personality. Copyright 2023 Sporting News Holdings Limited. Thats still a lot of money to pay for only one Super Bowl win. Its all ego driven the next qb needs to make more than the last. Major League Soccers Sporting KC announced Mahomes as a member of their ownership group on Tuesday, marking his second professional sports minority equity stake within the last year (KC Royals). Even with Rodgers coming off major shoulder surgery. extension with the Chiefs in July 2020, just the fourth year of his rookie contract. Mahomes is a class act just like Josh Allen. Adding more than $20 million through endorsements to his ~$50 million in annual NFL earnings is certainly nice, but the bigger impact will come from investing. Mahomes has also been a sharp investor since entering the NFL, investing in several companies, including wearable-technology company Whoop in 2020. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. His wealth will only grow as he continues to leverage his success and enter into more lucrative deals. The Premier League is rated No. Patrick Hes one of the highest-paid and marketable players in the NFL. After hours upon hours of film study, analysis, and dialogue, we landed on Stroud as the guy to take the mantle after Kirk Cousins leaves the franchise. Also I think people need to remember that when the Chiefs to open up some cap space, they will look to Mahomes first because he has the highest salary to restructure. Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars. Apart from that, it's unknown exactly how much he makes in endorsements and commercials. He currently has a net worth of $40 million. Mahomes got named the Super Bowl MVP for a second time in the Chiefs' 38-35 win over the Eagles in Super Bowl 2023. That doesn't include $2.5 million a year in incentives ($1.25 million for NFL MVP and Super MVP honors, respectively). Deals with Hyperice & BioSteel came next, with Mahomes continuing to build his investment portfolio within health & wellness. In 2020, Kansas City committed to Mahomes with the biggest contract in NFL history. In a year, Patrick Mahomes is estimated to make around $39.8 million. I dunno how you do it Patty, I would laugh at $50 mil a year. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. Mahomes has a great attitude and comments like these are why he is beloved in Kansas City. If he meets all the incentives of that deal, then it will net him roughly $503 million the richest contract in American sports history and second internationally only to Lionel Messi's four-year, $674 million contract with FC Barcelona. Patrick Mahomes II Is on the 2023 TIME 100 List | TIME Look at the names. Below is his year-by-year cash breakdown beginning with the 2022 season; it includes base salary, roster bonuses and workout bonuses but not incentives or signing bonuses. A. Disney paid $5 million when he said "I'm going to Disney World!" With plenty of time (and money) left on his deal with the Kansas City Chiefs, life for Patrick Mahomes is pretty good. That is undebatable and undeniable. July 23, 2022 at 5:34 am His meteoric rise up to this point has certainly caught everyone's attention. The next guy to sign a new contract is the top-paid guy, and Mahomes wont sign a new contract any time soon. Read 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. Haha usually its all about wont win any more with that huge contract or in cap heII blah blah blah, Now its he was stupid to sign for so little. Another $337 million is safeguarded by "guaranteed mechanisms." Maybe this stems from his spending a lot of time in MLB locker rooms as a childhis father had a 12 year long MLB career. Not one of you would take a pay cut so your company could be better than other companies. As a child, he initially played college football and baseball at Texas Tech University. I like this guy. Hell or high water. 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. Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe 1in the world, and the way you look at that is through player salaries. Says, Aw shucks. Mahomes will come to regret that deal. Ideally, for these purposes, Stroud falls to the 10th or 11th pick, and general manager Kwesi Adofo-Mensah pounces via trade. Mahomes motivation wasnt chasing after every last dollar but to win. Willie Nelson's Net Worth: How Rich is this Country Music Legend? He also encouraged his Chiefs teammates and worked with them to urge other players to vote. A lot of QBs do that. Longevity is a big issue, attractiveness is a big issue, as is success. Patrick Mahomes lives in Kansas City with his long time girlfriend Brittany Matthews, at the heart of the city. Their neighborhood is called the Sunset Hill West and is near the Mission Hills Mahomes base salary does appear to be very low. Patrick Mahomes I get it, these are your top world athletes where competition to be the best at everything is in their DNA, on the field, off the field, playing a round of golf, and contracts in this case. Outside of sports, Mahomes has also invested in the restaurant industry. Where once teams were the main attraction, now it is the players who have the pulling power. 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. So he sacrificed extra money for long term security and the ability to have too talent around him in the prime years of his career. 2010: $341 million. candlestickkid says: You must be logged in to leave a comment. He has earned substantial wealth through endorsements, bonuses, and other football contracts. "Pat Mahomes is likeable," he added. However, it's all in the details for Mahomes. These include partnerships with Adidas, Bose, Electronic Arts, Oakley, and BioSteel. Interesting note: Patrick Mahomes fiance Brittany Matthews also owns an equity stake in the Kansas City National Womens Soccer League, which, at low 7-figure valuations currently, might eventually provide even more upside than the KC Royals. Smart kid. A refreshing change from Arron Rogers and Watson whos egos demands that theyre the most highly paid even when they are already under contract. Endorsement 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. But with $200 million in revenue last year 20x the $10 million in sales they did three years ago and a history of profitability for 5 consecutive years, these are exactly the type of industry-changing companies Mahomes will profit from long term. He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors. He crossed the eight-figure plateau once again in 2020 and hasn't looked back since. A first-round pick out of Texas Tech in 2017, Mahomes nabbed about $10.5 million as a rookie despite playing just one game. He along with teammate Tyrann Mathieu and several other NFL players have raised their voices to condemn police brutality and violence against black people in the United States and for the league to admit it was wrong for silencing. And he can renegotiate in a few years. But how did he make his money? Professional Football, Endorsements, Investmen. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. Uh. His name has become synonymous with athletes worldwide, with endorsement deals, investments, and public appearances. Patrick Mahomes Contract Breakdowns, Salary Cap Figures, The collective body of VikingsTerritory writers forecast TCU wideout Quentin Johnston as the pick. Patrick makes a ton from his NFL salary but endorsements and shrewd investments are what will inevitably propel him to billionaire status; Read more NFL stories here. 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. And how much is he due to make in 2022? The Kansas City Royals, with Mahomes joining the MLB ownership group last July when the team was valued at $1 billion. Bring it on, haters! Register now! Patrick Mahomes signed the biggest deal in NFL history in 2020. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. 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. He is a qb if at some point he wants out he can get out, if salaries get insane he can renegotiate. Too bad for other teams they dont have a QB with this kind of attitude. ", MORE: Projecting Mahomes' NBA-like second contract. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. 20 Things You Didn't Know About Patrick Mahomes nyctraffic says: Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. Patrick Mahomes is the quarterback for the National Football League's Kansas City Chiefs in American football (NFL). Patrick Mahomes' Net Worth: From Texas Tech to Super Bowl MVP How He Made His Money.