His flowing hair and distinct voice can be found on numerous billboards, print ads and television spots. Patrick has made his fortune from playing professional football in the NFL as well as from lucrative endorsement deals with many brands. Details continued to leak throughout Monday night, with the NFL Network and other media outlets reporting Mahomes signing bonus as $10 million, with a very salary-cap friendly 2020 base salary of $825,000. Source of wealth: his career as an American football quarterback and endorsements; Patrick Mahomes net worth: Early life and personal life. The Chiefs will have several opportunities along the way to stop paying Mahomes if they so choose, and if they do, he can become a free agent. Being such an influential figure, Patrick Mahomes net worth is also increasing because of his endorsement deals. After his rookie season when he was backup for Alex Smith, he became the starter in 2018. While the average annual value of that deal is a tad over $4 million, it fluctuates from year to year. The newly minted two-time Super Bowl MVP has lucrative endorsement deals with Adidas 04/03/2023 - 05:00 CST. Per CelebrityNetWorth.com, Patrick Mahomes net worth is $40 million. Moreover, he and his fiance bought this House for over $1.7 million in 2019. He soon got offers from Rice, Texas Tech, and Houston. When Patrick first entered the NFL world, he signed a four-year contract with the Chiefs for $16.2 million. In 2020, Patrick solely took the lead to help the Kansas City Chiefs win their first Super Bowl after 1969. Here's a breakdown of Mahomes' net worth, which includes money made in 2022 and over the course of his NFL career, plus endorsements and business dealings: Mahomes is one of the NFL's biggest draws. Consequently, he gained fame while playing against Oklahoma State and decided to leave baseball and fully focused on his football career. The Texas-born hurler is still a young buck compared to some of the league's biggest names For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. Exploring the Impressive Byron Jones Net Worth: From Athlete to Wealth Accumulator, How Much is Sommore Net Worth? Between 2017 and 2021, Patrick Mahomes has reportedly earned $17 million in earnings. 2023 Open Sky News. Patrick Mahomes has an estimated net worth of $40 million which is formidable, to say the least. The latest rates on savings accounts and money market accounts. Impressive, but even more so is that when that final second slipped away in the fourth quarter, Mahomes became the youngest quarterback in the history of the NFL to snatch that Super Bowl ring (via CNBC). Mahomes also has several impressive endorsement deals with high-profile brands. Net Worth . Patrick Mahomes ($30 million), Brittany Matthews ($3 million) Sterling Being the loving daughter of Patrick Mahomes and his devoted wife, Brittany Mahomes, Skye Mahomes is a well-known celebrity child. Some of the funds also went to provide 15 scholarships to children of US Navy SEALs. He's an effervescent presence on the field, making the type of daring throws that hold fans' breaths for hostage. Interestingly, he got rated as the 12th-best dual-threat quarter among all his classmates and was a three-star recruit. 16. Outlined below are Patrick Mahomes contract extension details with the Kansas City Chiefs, assembled fromSpotracandPro Football Talk. A post shared by Patrick Mahomes II (@patrickmahomes) According to Forbes, Mahomes made $20 He has already won the Super Bowl trophy for his team, and will likely win more in the future. He may make a few hundred million less than that. The leagues stars often have huge dollar figures celebrated when their new contracts are signed, mostly for salary cap, ego and market leverage reasons, but the most an NFL player has actually taken home is the $252.3 million earned by Eli Manning over his 16 seasons with the New York Giants. T he younger brother of Patrick Mahomes is under investigation by police for He has since been featured in several ad campaigns for the brand and has helped to promote their line of football cleats and apparel. Patrick proved what a star player he is, Mahomes signed a $503 million contract for a 10-year extension. Patrick Mahomes is an NFL quarterback for the Kansas City Chiefs and the 27-year-old is reported to have a net worth of $50 million Below, we will take a look at Patrick Mahomes net worth, as well as his salary, contract, and how he invests his money. 9984, He has built this wealth through his successful career as a professional football player, as well as endorsement deals with companies such as Adidas, DirecTV, and State Farm. Rising NFL player Patrick has had a passion for playing baseball since his childhood days. Growing up, he did not have many positive male role models. Patrick Mahomes coloring and general features have raised questions about whether he is black or white. For your information, according to Forbes ranking of The Worlds Highest-Paid Athletes (2022), Patrick is in position 24. In terms of investments, Mahomes seems to be putting his money into the industry he knows best: sports. Mahomes, meanwhile, is fresh off a Super Bowl win, and his deal was celebrated not just for its dollar figure but also because it seemed to guarantee that he would be spending his entire career with a team that had, for so long, seemed incapable of developing its own quarterback. Last season, when accounting for his base salary, signing bonus, and roster bonus, Mahomes earned $2.7 million. So, his club thinks it is only befitting for everyone's benefit to offer the 26 years old a mouthwatering contract. He had won so many matches for his team that the Chief signed him for the next ten years. Patrick Mahomes contract shows the gap in pro sports paydays. Mahomes is earning an average annual value (AAV) of $45 million, among the highest figures in the league. investors include pro athletes Kevin Durant, Mahomes invested an undisclosed amount in wellness and fitness company Hyperice. Since the historic win where Kansas City Chiefs claimed their second Super Bowl title against the Philadelphia Eagles in Arizona, the NFL quarterback and his wife Brittany have been heavily invested in spending all their time together. He won his first Super Bowl for his team after 50 years with a final score of 31-20. He was a quarterback at his school Whitehouse High School and tried baseball and basketball. ESPN took things a step further by quickly putting together a graphic declaring Mahomes had surpassed Mike Trout of the Los Angeles Angels for the most lucrative contract in professional sports history. He was the first Chief to win NFL MVP and ranked as the fourth-best player on the NFL Top 100 Players of 2019. Patrick Mahomes became the first Chiefs player to cover athlete for Madden NFL 20. Mahomes, 27, signed the most lucrative contract in National Football League history in 2021 when he inked a 10-year deal with the Chiefs worth $450 million. As of 2022, Patrick Mahomes has a net worth that is estimated to be $40 million. Moving on to the killing incident of George Floyd, Patrick and his teammate Tyrann Mathieu and other NFL players created a video encouraging the NFL to punish Police brutality and violence against black people in the U.S. On the other hand, he and his friend Tyrann also participated in an awareness program for people to register their names in voter lists for the 2020 Presidential Election. Read more: The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal, Read more: How Patrick Mahomes went from a high school baseball star to the face of the NFL, 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, A post shared by Patrick Mahomes II (@patrickmahomes), Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City, Read more: Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more, 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, Read more: Patrick Mahomes fianc of KC NWSL team owner Brittany Matthews rocks fiance's jersey at the team's first home game, 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. The NBA has witnessed the dramatic drafting of young and vibrant players in the 2021/2022 season. What is Patrick Mahomes net worth after Super Bowl? As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field. The 2018 season proved to be a memorable season for Mahomes. Required fields are marked *. Celebrity Net Worth; Advertise With Us; Contact Us; Bonus Code; Patrick Mahomes 2023 Net Worth, Salary, Records, and Endorsements. To add more to Patrick Mahomes net worth, he got a $10 million signing bonus. She loves singing, and if you wanna hear her strum her guitar, go ahead and follow her on Twitter if you want. Decent. Hes also a minority owner in the Major League Soccer club Sporting Kansas City. Moreover, Patrick was the tenth overall selection by Kansas City Chiefs. Currently, Mahomes has a net worth of 30 million (via Sports Casting ). He has since been featured in several ad campaigns for the brand and has helped to promote their line of football cleats and apparel. Furthermore, he completed high school at Whitehouse High School and later went to Texas Tech University. Later, in July 2020, he signed a 10-year contract extension deal with Kansas City Chiefs worth $477 million with supplementary bonuses of $26 million for a total of $503 million. Moreover, he is presently signed to RCA Records and is one of the most successful hip-hop artists in the world. Patrick Mahomes has an estimated net worth of $40 million which is formidable, to say the least. Salary: $2.3 million), 4. While that money may go a long way for some players earning a lower salary like rookie running back Isiah Pacheco, who made $784,000 this season its a drop in the bucket for Chiefs quarterback Patrick Mahomes. Jonathan Quick Net Worth: How Much the NHL Player is Worth. As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field. Copyright 2023 MarketWatch, Inc. All rights reserved. How Much Is Mike Tysons Net Worth In 2020? Chad Henne, a 15-year veteran at age 37, announced his Patrick has made his fortune from playing professional football in the NFL as well as from lucrative endorsement deals with many brands. Deontay Wilder | $46.5 million (Endorsements: $0.5 million. This contract alone gives pushes Patrick Mahomes net worth to half a billion dollars. But Patrick Mahomes net worth and wealth changed after the 2017 NFL Draft. Patrick, an American young football player for NFL, has an estimated net worth of $30 million as of February, Aava works as an editor for Genius Celebs. A great one? His consistent performances made him record the various successes he has had so far. His current salary is $40 million annually, only Your email address will not be published. This time, he signed a massive $503 million contract that will run up to 2032. Nowadays, sports looks like the new oil well because of how money moves around in the industry. Some of his investments include; Patrick Mahomes owns a stake in the Kansas City Royals baseball team. His passes per game were tremendous, and he won awards for his commitment and skills. So far, the companys revenues have grown to over $200 million a year after getting into partnerships with many sports leagues like the NBA, NFL, MLB, and UFC. He crossed the eight-figure plateau once again in 2020 and hasn't looked back since. After playing college football at Texas Tech University, Mahomes got drafted by the Kansas City Chiefs in the 2017 NFL Draft. As of 2022, Patrick Mahomes has a net worth that is estimated to be $40 million. The professional player, on several occasions, has had endorsement deals with giant companies, including Adidas, Oakley, Essentia Water, DirecTV, Hy-Vee, State Farm, and Head & Shoulders. He loves to travel and enjoys his leisure time hanging out with friends and family. Patrick went to Whitehouse High School, where he became part of both football and baseball teams. July began as it has for each of the past 10 years, with the New York Mets cutting Bobby Bonilla a check for $1.19 million. His season ended as the New England Patriots defeated the Chiefs at the AFC Championship game. He was the 10th overall pick for the Kansas City Chiefs in the first round. Patrick Mahomes contract Continuing with the sports-focused trend, Mahomes invested an undisclosed amount in wellness and fitness company Hyperice in 2020. He also has a signing bonus of $2,000,000 due to him over the course of the season, according to Spotrac. J Prince Net Worth: Uncovering His Net Worth, Career, and Assets. The former slugger hasnt played professional baseball since 2001, but the payments will come every July 1 until 2035, when Bonilla will be 72. In his junior year and final season of college football, Mahomes ranked as the top passer in the US, which earned him the Sammy Baugh Trophy. But that is set to look like merely the foundation for the brand he's building for himself. Besides, he is in the midst of a deal to have an ownership stake in the Kansas City Royals baseball team. Sloane Stephens is an established professional tennis player who has won seven WTA Tour singles titles and was the 2017 U.S. Open Champion. Sports Al Dente All Rights Reserved. The 15 and the Mahomies foundation works towards improving childrens lives, as stated on its website. Right off the bat, that $503 million was cut down after reporting accounted for nonguaranteed performance incentives in the contract which, if not met, reduce its value to $477 million. Initially, he signed a jaw-dropping $16.42 million contract, including a signing bonus of $10.08 million.Furthermore, the football quarterback got more into media prominence when he signed a ten-year extension worth $477 million with another $26 I look at the recovery, I look at the strain, I look at all the different analytics that it has, to help prepare my body to be in the best possible shape.. In 2022 Mahomes is earning a base salary of $1,500,000 with a roster bonus of $27,400,000 and also a workout bonus of $550,000. Patrick Mahomes's salary on average is about $45 million, which is an improvement over his initial salary when he signed a contract worth $16.2 million in 2017. After getting a black quilted Chanel handbag as a birthday Mahomes car collection includes a 2019 Genesis G70, which he won at the 2019 Pro Bowl. Visit a quote page and your recently viewed tickers will be displayed here. Patrick Mahomes net worth is $50 million, and all of the earnings come from his career as a professional football player.