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. For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. Thats quite an investment, and its all because of the NFL. Patrick Mahomes landed the most lucrative contract in American team sports history last July. 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. Fickle NFL fan out one side of their mouth saying Oh these selfish NFL players, holding out for contracts and then on here dissing a dude for saying hes good with his contract not being the top paid QB in the league. Those are the predictions what folks think will happen. Longevity is a big issue, attractiveness is a big issue, as is success. Mahomes matched her by buying a stake in Kansas City's MLS team, Sporting KC. Hes not making the most per year, but he is guaranteed more money than any other player in the NFL. He's paid as such, too. AP Photo/Perry Knotts In addition to the money he makes on the field, Mahomes also years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. This kind of persona does wonders for improving his endorsement possibilities which will last long past his playing days. QB is the #1 player. Dustin Baker is a political scientist who graduated from the University of Minnesota in 2007. Patrick Mahomes is the quarterback for the National Football League's Kansas City Chiefs in American football (NFL). Patrick Mahomes net worth: How much money did the Chiefs QB make in 2020? The Chiefs got a bargain when they got Mahomes to sign for 10 years. Well, there is always the hold out strategy for re-negotiations. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract. Not one of you would take a pay cut so your company could be better than other companies. I like this guy. Im a customer, and you should be too. Enough money to be set, and talent to win rings. It sure pays, being a world-class athlete. BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. In addition to the pay scale for QBs jumping quite a bit, I wonder if he realizes what inflation is going to do to that contract over 10 years. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth. maybe it will make a trade later down the line even easier Here is the official VikingsTerritory endorsement: Trade into the Top 10 for Ohio State quarterback C.J. 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. Patrick Mahomes found a way around the NFL's beer endorsement rule and it's for a good cause, too. A. win, Annual $1.25M incentive for NFL MVP honors. Hes already more than set for life financially and shouldnt concern himself with the Deshaun Watson and Kyler Murray overpays. His net worth looks poised to explode in the coming few years, especially as his business interests grow more varied. endorsement The Texas-born hurler is still a young buck compared to some of the league's biggest names like Tom Brady and Aaron Rodgers. There is no doubt that his employers will pay him; the question is more about how much he gets. Our society is out of whack. Kansas City Chiefs quarterback Patrick Mahomes has a number of flashy endorsements: Oakley, Hy-Vee and State Farm just to name a To date, Mahomes has reeled in about $47.5 million, per Spotrac. He is sponsored by Adidas, Bose, Electronic Arts, Oakley, and BioSteel. As a popular and accomplished athlete, Patrick Mahomes also has a second and lucrative stream of income: endorsements. But his money is long. He was also named the NFL Offensive Player of the Year in 2018 and selected to the Pro Bowl four times (2017-2020). Patrick Mahomes has earned his money through endorsement deals, investments, NFL salary, and public appearance fees. The money leagues and athletes make is obscene, but I aint mad about it. Have your cake and eat it too. He reportedly purchased a condo for $350,000 here. Patrick Mahomes' Endorsement Gives Him Access to a yes. The Packers brought the last deal to the table also, to put their cap in a better position. Not one of you would take a pay cut so your company could be better than other companies. Patrick Mahomes: $63 million. 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. One of the first major purchases Mahomes made following his extension was a stake in the Chiefs' MLB neighbor, the Royals. Per Spotrac, Mahomes is set to make $10.825 million in 2020: $825,000 in base salary and a $10 million signing bonus. extension with the Chiefs in July 2020, just the fourth year of his rookie contract. July 23, 2022 at 11:13 am That's chump change for an NFL franchise, right? Appsumo was created with one goal in mind: give entrepreneurs the tools they need to grow their business without breaking the bank. If Stroud flops a la Christian Ponder, Minnesota will be in dire straits four years from now, onboarding a new head coach, and draft capital will return. Revenue multiples are high compared to other pro sports leagues avg. The 2018 NFL MVP inked a mammoth 10-year, $450 million contract in the summer of 2020, the biggest deal in NFL history. That he did so with the hometown Royals also showed his commitment to Kansas City. Depends on who was fixing it and what his goals are. Patrick Mahomes said NO to massive endorsement deals early on in his career. Mahomes has already made equity investments in several businesses, most surrounding sports, entertainment, and health & wellness. candlestickkid says: Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. Patrick Mahomes, the second highest-paid player in the NFL, has a net worth of $51.5 million. So if this is about money, Mahomes is doing the right thing. However, it's all in the details for Mahomes. We don't care where it comes from if it's high quality, we will watch it.". If they want him to help the team he can play hard ball too. Eckardt says Mazi Smith (Michigan); Baker predicts Bryan Bresee (Clemson). Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants. Patrick Mahomes has recently received a base salary of $5,500,000, a roster bonus of $34,400,000, and a workout bonus of $550,000. (Photo: Courtesy of Oakley) Only time will tell how much Patrick Mahomes is able to maximize his net worth through investments, but hes off to a great start. What Is Patrick Mahomes' Net Worth Read more: The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal. Dorine Otinga is a copywriter with over 6 years of experience crafting content that engages and inspires her readers. Lets keep our eye on Bradys bank account the next 10-20 years, remembering that other QBs made a higher salary. On Tuesday, Mahomes and Oakley announced the release of a new 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. HOW BIG DOES THE PILE HAVE TO B. Not a member? After a trip to Disney World and an open-top bus parade to celebrate the team's success, Mahomes now finds himself playing a waiting game as he looks ahead to the offseason. As if that investment lineup wasnt impressive enough, Patrick Mahomes doubled down on the local Kansas City community this week. Whatever Burrow or Herbert will get doesnt change that. Overall, Mahomes' investment portfolio is diverse and covers multiple industries. Zay Flowers was surprised to see a text message from Patrick Mahomes, inviting him to work out ahead of Thursdays NFL Draft. This figure includes lucrative deals with major brands. At just 27 years old, he has established himself as one of the most successful quarterbacks in NFL history. Patrick Mahomes is an example of a young, successful individual who has built his fortune through hard work and dedication. To date, Mahomes has made just $24.545 million from his NFL earnings. KANSAS CITY, Mo. 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. Not a mahomes fan but maybe didnt give him enough credit for maturity due to entitled relatives and ditzy girlfriend. Zay Flowers was surprised to see a text message from Patrick Mahomes, inviting him to work out ahead of Thursdays NFL Draft. Mahomes is earning an average annual value (AAV) of $45 million, among the highest figures in the league. The two Super Bowl champs made a surprise He also joined the LeBron James' Rock the Vote initiative to encourage people to register and vote. The Vikings front office should identify that person now and go get him. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. Also, these guys are all young. 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. Read more: Patrick Mahomes fianc of KC NWSL team owner Brittany Matthews rocks fiance's jersey at the team's first home game. As of now, he is estimated to earn approximately $7 million per year in addition to his official income. The list of Mahomes endorsement deals is long. The result was magic. He is also a great role model for children, inspiring them to pursue their dreams and succeed despite obstacles. Another $337 million is safeguarded by "guaranteed mechanisms." Patrick Mahomes is an athlete first and a businessman second. Here's a breakdown of Patrick Mahomes' new contract with the Chiefs. With an average annual value of $45 million, Mahomes has plenty of money to spend. She loves traveling, cooking, and reading motivational books to keep herself inspired. He is a qb if at some point he wants out he can get out, if salaries get insane he can renegotiate. The comments anout Mahomes being foolish to sign a 10 year deal are hilarious. Patrick Mahomes success on the football field has earned him a tremendous amount of money. That doesn't include $2.5 million a year in incentives ($1.25 million for NFL MVP and Super MVP honors, respectively). 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. Patrick Mahomes Patrick Mahomes once served as a counselor at the Manning Passing Academy, a summer football camp for high school players that my dad founded in 1996. He won MVP honors & a Super Bowl Championship in short order, but not to be outdone, Mahomes followed it up with a 10-year extension that could be worth more than half a billion dollars in total. Get started building your net worth today and maybe someday well be writing an article about how you did it! Tom Brady did it for years and Pats never paid anyone. Furthermore, heres a breakdown by Tom Pelissero of the NFL Network showing the annual cash flow on Mahomes new deal. Here's how that contract paid out over the 2020 season, playoffs included: Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. How much has the Chiefs quarterback made over his career? Sign here and you are set for life. Uh I dont know if I can do that because other guy might get more than me in a few years.. He's also an avid golfer, having teed it up alongside the likes of fellow sports superstar Stephen Curry. Good dude right there. Brown is clearly about maximum dollars and that is fine. He released his signature shoe with Adidas in 2021, called the Mahomes 1 Impact FLX. Follow us for breaking news and latest updates: NFL.com Drops Wrench into Vikings Mock Draft. That valued the company at $1.2 billion the large total addressable market (TAM) still leaves significant upside and Mahomes was named a brand ambassador, providing him with a marketing fee to reduce his capital investment risk. He could quit tomorrow and be set for life. 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. Not only has Patrick Mahomes achieved success on the football field, but he's also made smart investments in his career. The two players will each earn $7 million in endorsements by After signing a 10 year deal with the Chiefs he has now become the worlds first professional athlete to sign a deal worth half a billion dollars. The Coors Light featuring Patrick Mahomes won the Webby Award for Best Partnership or Collaboration, Advertising Campaigns Barilla The Promise featuring Roger Federer won the Webby Award for Best Influencer Endorsements, PR Campaigns (Advertising, Media & PR) Stray won the Webby Award for Best User Experience, The party never ends. No one cheers for us to be #1. The Kansas City Chiefs quarterback owns two Missouri homes, a Texas mansion, and a vacant plot of land - all with incredible value. Dont play with his money, do it with everyone else. Patrick Mahomes may become the NFL's first $200 million That money may seem absurd we assure you, it is but it is still a sound investment for the Chiefs.