He threw for more than 5,000 yards, 50 touchdowns, and won the NFLs most valuable player award. While Manning is still earning in retirement, Mahomes is part of a new generation of quarterbacks. That portfolio should only grow more and more diverse as the years go on. Mahomes also serves as a brand ambassador for Nike and State Farm Insurance. His success on the field earned him a 10-year, $450 million contract extension with the Chiefs in 2020. Your set for life, but set up your whole family and future family. I like this guy. Patrick Mahomes is the first NFL quarterback to sign a 10-year deal in many years. on hundreds of innovative products that can improve your workflow at every stage. Haters gotta hate. But Mahomes says hes not concerned. yes. 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, Wed love YOU to be one of them. Register now! As one of the faces in the NFL, he should expect to be in high demand. Here's a breakdown of the richest contract in American sports history: MORE: The NFL's 25 highest-paid players in 2020. Beginning that season, he will average $45 million per season. 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. Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades. A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time. If that's not enough, Mahomes has also been keen to working with staples of the local and midwestern economy; places like CommunityAmerica, Goodcents and HyVee. The two-time all-ACC receiver Its always easy for people with more money than God to say that its not about the money. According to one advertising executive, the reigning 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. 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. They were able to offer Orlando Brown a very lucrative deal that guy foolishly turned down. Mahomes followed up his MVP campaign with 26 passing touchdowns to just five interceptions in 2019. 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. July 23, 2022 at 5:25 pm. A. Look at Michael Jordan and LeBron James. He is an incredibly talented athlete who continues to make history on and off the field. Kansas City Chiefs quarterback Patrick Mahomes is one of the highest-paid athletes on the planet and hes worth every penny. 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. 2010: $341 million. Mahomes enjoyed some fun in the sun at Formula 1's Miami GP earlier this summer. 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. With an average annual value of $45 million, Mahomes has plenty of money to spend. Individual results will always vary and yours will depend entirely on your individual capacity, work ethic, business skills and experience, level of motivation, diligence in applying the Capitalism Programs, the economy, the normal and unforeseen risks of doing business, and other factors. Also Read: Patrick Mahomes contract breakdown. Zay Flowers was surprised to see a text message from Patrick Mahomes, inviting him to work out ahead of Thursdays NFL Draft. Its simple. The two Super Bowl champs made a surprise That means we will be talking about Mahomes and that ridiculous contract for a long time. Just because an argument is old doesnt mean its wrong. 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. It's hard to believe that Patrick Mahomes was an unheralded college football player at Texas Tech University just a few years ago. Can you imagine the Bengals or another cheap team carrying $30 million a year in unused cap and their QB doing a team friendly deal? Maybe he can buy himself some more ketchup. Is a $1 billion a year appropriate because his job is so important, or is a free bus token enough because a Jack Russell Terrier could do the job just as well? KANSAS CITY, Mo. David Suggs is a content producer at The Sporting News. The deal is eye-popping. Bad advice? He was also the first Chiefs player to be on the cover of Madden NFL 20. Ton Brady got nothing but a bunch of rings . Patrick Mahomes has a variety of lucrative endorsement deals. Mahomes has a great attitude and comments like these are why he is beloved in Kansas City. As a popular and accomplished athlete, Patrick Mahomes also has a second and lucrative stream of income: endorsements. ===========. In 2020, Mahomes signed a 10-year, $503 million contract extension with the Chiefs, including an NFL record $140 million signing bonus and a total of $477 million guaranteed money. Uh. At just 24 years old, the Chiefs star quarterback signed a deal worth up to $503 million over 10 years, as The New York Times reports. He wants to win, and to see his teammates eat too. Did we mention that it was Kansas City's first Super Bowl appearance in 50 years? Mahomes has also been a sharp investor since entering the NFL, investing in several companies, including wearable-technology company Whoop in 2020. Bottom line: Stroud needs four years for a full assessment, and thats when draft picks flow back into the system. That is called being satisfied and appreciating what you have . In addition, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. 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. Mahomes either got bad advice or ignored good advice from his agent. And btw, hows that working out for Mahomes? Same goes for all these guys and the owners. Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. This is the most lucrative sports contract, earning Mahomes significant income. Everyone has a good laugh. Hes already won at life. The Kansas City Chiefs and Patrick Mahomes have agreed to a four-year, $16.4 million deal with a $10.1 million signing bonus. The net worth of 27-year-old NFL quarterback Patrick Mahomes is approximately $40 million. Minnesota Vikings fans, as a prediction, believe the franchise will end up with USC WR Jordan Addison in the 2023 NFL Draft Thursday night. No championship since the deal and Tyreek got away. Follow us for breaking news and latest updates: NFL.com Drops Wrench into Vikings Mock Draft. Following this, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. No reason to fret about such trivial matters at this point. There is no doubt that his employers will pay him; the question is more about how much he gets. Not one of you would take a pay cut so your company could be better than other companies. Yet, the Chiefs' starter earned $1.2 million and $2 million in those two season, respectively. For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. Zay Flowers was surprised to see a text message from Patrick Mahomes, inviting him to work out ahead of Thursdays NFL Draft. He also once surprised her with a brand new Lamborghini. Mahomes is guaranteed almost half a BILLION dollars over 10 years. Good for him. Best QB in the league (Top 3 on any list) and setup a team friendly deal! Patrick Mahomes has 'even more endorsement potential than Peyton Manning,' expert says. Mahomes also has a big partnership with Adidas. 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. Patrick Mahomes Endorsements Include Adidas Airshare BioSteel Sports Nutrition Bose CommunityAmerica Credit Union Directv Electronic Arts GEHA Hy-Vee He followed Brady in that regard, not a bad example. Other investors in Whoop include NBA star Kevin Durant, pro golfers Rory McIlroy & Justin Thomas, and fellow NFL players Larry Fitzgerald, Eli Manning, and Russell Okung. Hes not even out of his mid twenties yet. Good dude right there. 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. Sports business reporter Darren Rovell tweeted out the news. years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. After spending his rookie year backing up veteran Alex Smith, Mahomes took over the starting job in Kansas City in his second season and was an immediate sensation. At Capitalism.com, were ALL IN on entrepreneurs. Patrick Mahomes' Net Worth: From Texas Tech to Super Bowl MVP How He Made His Money. A. For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. Brown is clearly about maximum dollars and that is fine. At just 27 years old, the quarterback for the Kansas City Chiefs NFL team has gathered a net worth of approximately $50 million. Please. 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. 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. His investments reflect an understanding of the sports and business worlds, which should continue serving him well. Mahomes seems poised to sign a record-breaking contract soon worth upwards of $200 million due to his meteoric rise. At just 26 years old, the sky is the limit for Mahomes both on- and off-the-field. on being asked what he was going to do after his Super Bowl win. The Chiefs traded up to select him with the 10th overall pick in the 2018 NFL Draft out of Texas Tech. 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 Colin Kaepernick and Eric Reid for their protests during the playing of the National Anthem. 10-year, $450M extension (Max value of $502M), Over $60M fully GTD upfront, with $100M due in the 1st year, Annual $1.25M incentive for AFC Champ. Here's a breakdown of Patrick Mahomes' new contract with the Chiefs. I think hell be able to feed his family on 40 mil a year. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. 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. The majority of the money will come from hefty roster bonuses. -- Chiefs quarterback Patrick Mahomes, who recently declared his love for ketchup on such foods as steak and macaroni and cheese, has an Patrick Mahomes signed the biggest deal in NFL history in 2020. 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. Of course hes satisfied. Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. This makes him history's youngest professional sports team owner, increasing his substantial fortune.