An estimated $20 million Patrick Mahomes earned in endorsements in 2022 was second only to Tom Brady. By signing the Chiefs' massive contract offer in 2020, Mahomes set the market for himself and others. You guys crack me up. 12. My guess? Texans throw first curveball of draft with Stroud, Eagles are stacked after drafting Carter, Smith, Witherspoon is organic fit for Seahawks culture, Texans pull off back-to-back move to get Anderson, Lions taking Gibbs was headscratcher of Round 1, Patrick Mahomes: My contract has me set for life, other QB contracts dont affect me, In the end, the Packers fleeced the Jets for Aaron Rodgers, Aaron Rodgers blamed cell service at his house for not returning Brian Gutekunsts calls, Trade charts show Jets sending Packers equivalent of a high second-round pick in 2023, Odds greatly improve for Will Levis to be the first overall pick, Brian Gutekunst: It would have been nice to have had those conversations with Aaron Rodgers, Jim Irsay asks fans whether Colts should pair Will Levis with Anthony Richardson, Jalen Carter says Eagles will take him at No. He wants to win. "Mahomes doesn't have the longevity aspect yet, of course. On Wednesday, the Kansas City Chiefs quarterback took to Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. Its simple. Mahomes is also featuring on the cover of Madden NFL 22 along with Tom Brady. Mahomes base salary does appear to be very low. Super Bowl Win May Bring Mahomes $7 Million Endorsement Bump Ionized alkaline water brand Essentia Water today launched a star-studded ad campaign with Emmy-nominated actress Millie Bobby Brown and World Champion quarterback Patrick Mahomes. years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. 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. 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, She loves traveling, cooking, and reading motivational books to keep herself inspired. Stroud. Hell sign for another 10 years when hes 32! Brady took undermarket deals and last I checked he has 7 and counting. No reason to fret about such trivial matters at this point. Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, Adidas, and Head & Shoulders. Over the years, Mahomes has kept himself away from controversies and has 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. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. 2010: $341 million. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth. DIAMOND: Mahomes' new contract likely to prevent a Chiefs dynasty. This is the most lucrative sports contract, earning Mahomes significant income. To date, though, Mahomes is keeping it cool. Murray just signed a new contract extension w/ Two YRs left on his rookie deal. Patrick Mahomes Contract Breakdowns, Salary Cap Figures, Mahomes will come to regret that deal. 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. THIS MAN GETS IT !!! It doesn't look as if the Chiefs are going anywhere anytime soon, either. His other sources of investments include endorsements and investments. Aside from his investments, endorsement deals, and NFL salary, Mahomes also earns money through public appearance fees and memorabilia sales. 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. His hydration is sponsored by Essentia water. He has a half billion dollars coming his way. Have your cake and eat it too. But, how? With plenty of time (and money) left on his deal with the Kansas City Chiefs, life for Patrick Mahomes is pretty good. Mahomes is set for a pay increase in 2021 to $22.8 million in total cash but it's not until 2022, that the extension takes place. The two Super Bowl champs made a surprise ", MORE: Projecting Mahomes' NBA-like second contract. Does the contract length really matter? Patrick Mahomes once served as a counselor at the Manning Passing Academy, a summer football camp for high school players that She is a creative thinker who aspires to be a role model for young women everywhere. "Tom Brady has longevity and has had success, and is good-looking too, but he doesn't have that likeability. But Mahomes has it right, its not like he took a deal for $20 mil/year, hes gonna have several hundred million dollars paid out to him, and more importantly, a nice long term deal giving him and his family security for life. 20 Things You Didn't Know About Patrick Mahomes Patrick Mahomes landed the most lucrative contract in American team sports history last July. Some of these comments are funny. Mahomes signed a gargantuan 10-year (!) 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. He knows to appreciate his situation. While Manning is still earning in retirement, Mahomes is part of a new generation of quarterbacks. Located in the heart of Kansas City, Mahomes home is in a private upscale community. Patrick Mahomes net worth: How much money did the Chiefs QB make in 2020? The money leagues and athletes make is obscene, but I aint mad about it. He is an incredibly talented athlete who continues to make history on and off the field. Not one of you would take a pay cut so your company could be better than other companies. 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). KC needs to find players willing to get paid a lot but not max and win ships. Had he taken a few more million up front, it might have ended up costing him a billion. Pure greed. His net worth looks poised to explode in the coming few years, especially as his business interests grow more varied. 27th ANNUAL WEBBY AWARD WINNERS ANNOUNCED | The I think hell be ok. The former Super Bowl champion has always been a front face for all kinds of endorsements when it comes to Oakleys. A first-round pick out of Texas Tech in 2017, Mahomes nabbed about $10.5 million as a rookie despite playing just one game. With a $700 million valuation, Hyperice isnt exactly a startup. His status as one of the NFL's biggest stars has made him a sought-after figure for various endorsement opportunities. He crossed the eight-figure plateau once again in 2020 and hasn't looked back since. So if this is about money, Mahomes is doing the right thing. He was born on September 17, 1995. As gaudy as Mahomes' contract is, it's still pretty team-friendly through 2021, which will mark the fifth year of his rookie contract. Not to mention athletic ability. Here is the official VikingsTerritory endorsement: Trade into the Top 10 for Ohio State quarterback C.J. Look at the names. So what is Mahomes' true value? That means we will be talking about Mahomes and that ridiculous contract for a long time. David Suggs is a content producer at The Sporting News. If all goes well, Patrick Mahomes might eventually become part of a small group of athletes that crossed $1 billion in career earnings will still active. 10, if hes there. 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. The Chiefs got a bargain when they got Mahomes to sign for 10 years. The Adidas deal includes his own line of shoes. In addition, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. The quarterback further enhanced his blossoming reputation by steering the Kansas City Chiefs to the franchise'sfirst Super Bowl title in 50 years. April 13, 2023 6:32 AM EDT. With a height of 6 ft 2 in (1.88 m), Patrick is considered one of the most talented quarterbacks in the NFL today. Mahomes went from a MLB prospect to a MLB owner in only 6 years. Also Read: Patrick Mahomes contract breakdown. MLS revenue-to-value multiple is 12.2x vs. 6.4x in the NFL but valuations should continue to climb as the league finishes expansion, caps the total amount of teams, and focuses on growing broadcast revenue. 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. Stroud. One of the first major purchases Mahomes made following his extension was a stake in the Chiefs' MLB neighbor, the Royals. Patrick Mahomes Jet Endorsement Deal That Anyone Would Be A great one? Hes not even out of his mid twenties yet. He led the Chiefs to their first Super Bowl appearance in 50 years (Super Bowl LIV) where they defeated the San Francisco 49ers for their first Super Bowl victory since 1970. Kansas City Chiefs Patrick Mahomes private jet tour, endorsement The first property is located in the city of his team, Kansas City, Missouri. Patrick Mahomes' Net Worth: From Texas Tech to Super Bowl MVP How He Made His Money. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. Every starting QB in the league is set for life. Where once teams were the main attraction, now it is the players who have the pulling power. 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. Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. Weve seen what smart entrepreneurs can accomplish. How much money do you need? Mahomes matched her by buying a stake in Kansas City's MLS team, Sporting KC. He was also the cover athlete for the Madden NFL video You must be logged in to leave a comment. Mahoney says nice things now.give it a few more years.. That is called being satisfied and appreciating what you have instead of being greedy and always wanting the other dogs bone. The brand says it chose Mahomes after he became the 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. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. Mahomes earns money through multiple streams, ranking among the world's highest-paid athletes. Best QB in the league (Top 3 on any list) and setup a team friendly deal! Thats a good description of why Mahomes left a lot of money on the table when he agreed to a 10-year contract with the Chiefs, rather than signing a shorter deal that would allow him to become a free agent again during his prime. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. All statistics provided by Pro Football Reference / Stathead; all contractual information provided by OverTheCap.com. Patrick Mahomes 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. 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. The result was magic. Patrick Mahomes is the first NFL quarterback to sign a 10-year deal in many years. His flowing hair and distinct voice can be found on numerous billboards, print ads and television spots. 27th ANNUAL WEBBY AWARD WINNERS ANNOUNCED | The Mahomes said on Friday, after Kyler Murray became the latest quarterback to sign a lucrative deal, that his own contract set him up for life, and hes not worried about being the highest-paid quarterback in football. Even with Rodgers coming off major shoulder surgery. Other notable Whoop investors include pro athletes Kevin Durant, Eli Manning, and Larry Fitzgerald. A first-round pick by the Chiefs in 2017, he is moving into the last year of his rookie deal. March 20, 2019, 6:00 AM. A million difference here and there doesnt make much difference at those salary levels. Today, there may not be better field general in the NFL than Kansas City's Patrick Mahomes. He has also lined up across from Troy Polamalu while promoting Head and Shoulders. This figure includes lucrative deals with major brands. Patrick Mahomes Endorsements Include Adidas Airshare BioSteel Sports Nutrition Bose CommunityAmerica Credit Union Directv Electronic Arts GEHA Hy-Vee 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. The success of Capitalism.com, testimonials and other examples used are above average results and are not intended to be and are not a guarantee that you or others will achieve the same results. 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. Not one of you would take a pay cut so your company could be better than other companies. Add to that investments in the KC Royals, Sporting KC (soccer) and his Whataburger investments. He was also named the NFL Offensive Player of the Year in 2018 and selected to the Pro Bowl four times (2017-2020). chiefsnoles says: Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants. The deal is set to earn him $45 million annually and if the contract is seen through till the end, Mahomes can earn upto $503 million. 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. Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades. His 10 year extension was when he still had two years left on his rookie deal! The majority of the money will come from hefty roster bonuses. Take what you can get when you can get it and dont feel bad about it.. Mahomes drives a Ferrari 812 Superfast. A. Starting from personal use to mark his appearance on the field, the Texas product often flaunts different types of Oakley eyeglasses. 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. His endorsement deals have earned him millions of dollars and international recognition. Easy for Brady though, he was already taken care of. And how much is he due to make in 2022? He is a qb if at some point he wants out he can get out, if salaries get insane he can renegotiate. Mahomes is a natural leader who is always able to motivate his team to victory. Thats why we created this FREE course that will walk you through the process of becoming a millionaire, step by step. Asked if Mahomes could match his record-breaking new contract in off-field deals, Darrin Duber-Smith, a lecturer in marketing atMetropolitan State University in Denver, told Stats Perform: "For sure. Patrick Mahomes is an example of a young, successful individual who has built his fortune through hard work and dedication. So, is it the agents who dont make the type of money the real athletes make the ones driving all the nonsense around most of these contracts? The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Learn how your comment data is processed. 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. He also owns various businesses and investments, contributing to his net worth. Patrick Mahomes II (@PatrickMahomes) March 24, 2021. His endorsement deals have earned him millions of dollars and There is little doubt about Mahomes' quality. Regardless of the reason, his skills at leadership and motivation were on a par with his unique athletic abilities, so his attitude toward contract value et cetera is not surprising but is refreshing. Here is the official VikingsTerritory endorsement: Trade into the Top 10 for Ohio State quarterback C.J. A refreshing change from Arron Rogers and Watson whos egos demands that theyre the most highly paid even when they are already under contract. This site uses Akismet to reduce spam. Only time will tell how much Patrick Mahomes is able to maximize his net worth through investments, but hes off to a great start. But how did he make his money? A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time. While its painstaking to offload precious draft assets, especially from the future, our staff suggests the lemon is worth the squeeze. Patrick Mahomes is also the first NFL player to sign a deal with Oakley, and he is the face of the Prizm Optics line campaign for the company. 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 Becoming an NFL champion, however, will be worth much more to their quarterback, Patrick Mahomes. Since joining the Chiefs, his career has flourished as he led them to win Super Bowl LIV, the first in 50 years. Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe I dunno how you do it Patty, I would laugh at $50 mil a year. Dustin Baker is a political scientist who graduated from the University of Minnesota in 2007. Patrick Mahomes' endorsements: Complete list of Chiefs QB's deals Being out with Andy Reid was the best thing that happened to his career. Uh. July 23, 2022 at 9:29 am The deal is eye-popping. Starting from Oakleys, Hy This makes Mahomes one of the highest-paid quarterbacks in history for a rookie deal with the Chiefs. Mahomes joined the Kansas City Royals ownership group on July 28, 2020, as a minority stakeholder. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract. 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. "The NFL has rallied this year, and I think that's down to a couple of things. His investments reflect an understanding of the sports and business worlds, which should continue serving him well. Earnings and income representations made by Capitalism.com, Freedom Fastlane, Wine with Wyan, Million Dollar Brands, The Backroom, The One Percent, and 8-Figure Exits (collectively "Capitalism.com Programs") are aspirational statements only of your earnings potential. A.He earned approximately $1.25 million when the Chiefs won the Super Bowl in 2019. And he can renegotiate in a few years. After 2021, the deal becomes backloaded in anticipation of an increased NFL salary cap. Who Is Patrick Mahomes Child? Sterling Skye Mahomes is the first child of Patrick Mahomes. Brittany Matthews, the fiance of Kansas City Chiefs quarterback Patrick Mahomes gave birth to Sterling Skye Mahomes on February 22, 2021. How old is Sterling Skye Mahomes? Sterling Skye Mahomes is only eleven (11) months old. Despite not being in the league very long, Mahomes has made himself a pretty penny, all things considered. 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. Tom Pennington, Getty Images. Plus, find out how we can mentor you to become a millionaire yourself, FREE. 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. That's chump change for an NFL franchise, right? His investments have seen significant returns. Patrick Mahomes success on the football field has earned him a tremendous amount of money. 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.