Well, yes and no. Mahomes not only achieved success at an early stage in his career, that success was rewarded both in the form of a huge contact but also in very profitable endorsements. Still, at just 25-years-old with a $500 million contract, Patrick Mahomes is already planting the seeds to cement his legacy off the field also. Good football players dont make their money playing football. The party never ends. Patrick Mahomes Jet Endorsement Deal That Anyone Would Be Sports business reporter Darren Rovell tweeted out the news. Professional Football, Endorsements, Investmen. Does anyone think the Chiefs would take a hard stance about re-working his deal??? 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? He also once surprised her with a brand new Lamborghini. When its that much money youre set for life but your legacy isnt. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth. Stroud. Mahomes would be just as happy with a million a year as he would with 30 million. The price will be lucrative. His portfolio includes various businesses, sports teams, and products. 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. Brady took undermarket deals and last I checked he has 7 and counting. That is called being satisfied and appreciating what you have . Take a more team friendly contract so you can compete every year for a Super Bowl. Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. He released his signature shoe with Adidas in 2021, called the Mahomes 1 Impact FLX. Mahomes grew up in an upper middle class stable family which says it all about his attitude on life in general. 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. Mahomes invested in Whataburger, the popular Tex-Mex fast food chain, to round out his portfolio. 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. Murray just signed a new contract extension w/ Two YRs left on his rookie deal. The 25-year-old NFL quarterback also invested in Whoop, a human performance company that collects and provides physiological data 24/7 to optimize how you recover, train, and sleep, when the company raised a $100 million Series E funding round last year. Not one of you would take a pay cut so your company could be better than other companies. 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. How many times do we hear the sad tale of star athletes ending up broke? Sports Illustrated Sportsperson of the Year (2020). "Tom Brady has longevity and has had success, and is good-looking too, but he doesn't have that likeability. Copyright 2023 Sporting News Holdings Limited. Starting from personal use to mark his appearance on the field, the Texas product often flaunts different types of Oakley eyeglasses. 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. As one of the faces in the NFL, he should expect to be in high demand. Teams can also make millions of dollars despite not winning for decades, just so long as the star power is there. He was born on September 17, 1995. Andy Reid and the Chiefs saw enough in the then-22-year-old, though, sending veteran quarterback Alex Smith to the now Commanders. Good for him. Since joining the Chiefs, his career has flourished as he led them to win Super Bowl LIV, the first in 50 years. I dont get endorsement deals. On Tuesday, Mahomes and Oakley announced the release of a new Mahomes drives a Ferrari 812 Superfast. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract. The comments anout Mahomes being foolish to sign a 10 year deal are hilarious. Weve seen what smart entrepreneurs can accomplish. If you enjoyed todays email, please share it with your friends! The two-time all-ACC receiver 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. 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. 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. Deals with Hyperice & BioSteel came next, with Mahomes continuing to build his investment portfolio within health & wellness. Hell sign for another 10 years when hes 32! With all due respect to the others, Mahomes should be at the very top of the list. 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. Patrick Mahomes, who earns $76 per minute, once turned down The 24-year-old is expected to sign the biggest deal in leaguehistory, yet the eye-catching number whatever it ends up being in terms of overall value, and guaranteed money is not the only chance Mahomes will have to cash in on his superstardom. Ton Brady got nothing but a bunch of rings . I dunno how you do it Patty, I would laugh at $50 mil a year. His lucrative contracts with the Kansas City Chiefs and various brands have made him one of the highest-paid athletes in the world. Get started building your net worth today and maybe someday well be writing an article about how you did it! 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. The contract is fully guaranteed and gives the Chiefs an option for a fifth year. "It's all about what we call 'star power' in the sports marketing world," he said. ===========. Says, Aw shucks. His 10 year extension was when he still had two years left on his rookie deal! He also has a signing bonus of $2,000,000 due to him over the course of the season, according to Spotrac. Hell or high water. On top of that, he already has an Patrick Mahomes net worth: How much money did the Chiefs QB make in 2020? His performance in Kansas City's31-20 win over San Francisco 49ers were enough to earn Super Bowl 54MVP honors. Take a look at those numbers. That means we will be talking about Mahomes and that ridiculous contract for a long time. Patrick Mahomes has 'even more endorsement potential than Peyton Manning,' expert says. Patrick Mahomes success on the football field has earned him a tremendous amount of money. QB is the #1 player. 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? Mahomes always seems to have his head on straight. What Is Patrick Mahomes' Net Worth And no message shouts FREEDOM louder than their success. 10 or 11, the trade package should involve two 1st-Round picks, not three. Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe 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. Subscribe to his daily YouTube Channel, VikesNow. Jake Paul's Net Worth: How He Built a Social Media Empire and a Net Worth to Match, Cristiano Ronaldos Net Worth: How He Used Talent, Discipline, and Business Acumen to Achieve Financial Freedom, Kevin Costner's Net Worth: Beyond the Silver Screen, How His Business Ventures Contributed to His Net Worth, Uncovering Master Ps Net Worth and Most Lucrative Business Ventures, Travis Scotts Net Worth: How He Turned a Love for Music into a Multi-Million Dollar Business. Longevity is a big issue, attractiveness is a big issue, as is success. Mahomes was ranked 10th in the 2017 NFL Draft and is expected to be a cornerstone of the franchise for years. They make their money on endorsements. Patrick Mahomes II Is on the 2023 TIME 100 List | TIME Patrick Mahomes Has Landed A Huge Endorsement Deal He is locked up where he wants to be for 10 years. Mahomes will also earn an additional $550,000 for attending team workouts during the offseason. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. AppSumo has helped launch hundreds of start-ups over the years and has given entrepreneurs access to cutting-edge tools to grow their businesses. That's priceless. This figure includes lucrative deals with major brands. ", Of coors Chiefs Kingdom showed out! 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. "Success helps, but likeability is a bigger factor. 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These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. The Chiefs quarterback Patrick Mahomes is one of the most popular athletes to have numerous sponsorships backing him. My guess? Mahomes is earning an average annual value (AAV) of $45 million, among the highest figures in the league. 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. (Photo: Courtesy of Oakley) Patrick Mahomes II (@PatrickMahomes) March 24, 2021. He also joined the LeBron James' Rock the Vote initiative to encourage people to register and vote. Mahomes also said he expects more young quarterbacks, like Justin Herbert and Joe Burrow, to sign new deals that eclipse his own in terms of per-year average pay. That money may seem absurd we assure you, it is but it is still a sound investment for the Chiefs. Kansas City has drafted and developed a franchise QB who should be worth every penny of what it ends up paying him. How much has the Chiefs quarterback made over his career? His investments reflect an understanding of the sports and business worlds, which should continue serving him well. The Vikings front office should identify that person now and go get him. Outside of sports, Mahomes has also invested in the restaurant industry. Mahomes is a natural leader who is always able to motivate his team to victory. He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors. A million difference here and there doesnt make much difference at those salary levels. Patrick Mahomes' Endorsements. -- Chiefs quarterback Patrick Mahomes, who recently declared his love for ketchup on such foods as steak and macaroni and cheese, has an Patrick Mahomes is the quarterback for the National Football League's Kansas City Chiefs in American football (NFL). KANSAS CITY, Mo. Its not like Patrick Mahomes did some ultra noble thing that other QBs rarely do when he signed that. Tom Pennington, Getty Images. He will get an increase in a few yearshe knows it, we all know it, thats why hes not sweating. Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. The result was magic. This site uses Akismet to reduce spam. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. Hes already won at life. 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. 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. There is little doubt about Mahomes' quality. 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. His success on the field earned him a 10-year, $450 million contract extension with the Chiefs in 2020. Follow us for breaking news and latest updates: NFL.com Drops Wrench into Vikings Mock Draft. Despite not being in the league very long, Mahomes has made himself a pretty penny, all things considered. 10, if hes there. Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. To date, Mahomes has made just $24.545 million from his NFL earnings. Patrick Mahomes net worth: How much money did the Chiefs QB Becoming an NFL champion, however, will be worth much more to their quarterback, Patrick Mahomes. Herbert and Burrow would be wise to sign the same long term deals that Mahomes and Allen signed. But Mahomes doesn't put all of his money to work, as he knows how to have a good time as well. Patrick Mahomes' Endorsement Gives Him Access to a Manning made lots of money and has 2 SB rings. We don't care where it comes from if it's high quality, we will watch it.". 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. Patrick Mahomes I think Patrick Mahomes is doing it the right way.I hope for their sake other rising athletes take notice. From WriterZen to Plutio, AppSumo offers incredible deals on hundreds of innovative products that can improve your workflow at every stage. Patrick Mahomes endorses Coors Light no, not the beer 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, After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, Adidas, and Head & Shoulders. 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. According to Forbes, Mahomes made $20 million in sponsorship deals in 2021, second only to Tom Brady among NFL athletes. To date, Mahomes has reeled in about $47.5 million, per Spotrac. First, they are paying a lot more attention to which games they are showing on television, so that really helps, but we also have Generation Zcoming in. He is a hard worker who is always willing to put in the extra effort. April 13, 2023 6:32 AM EDT. Patrick Mahomes' impressive accomplishments have earned him recognition among the greatest quarterbacks in NFL history. A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time. 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. His investments, endorsements, and NFL contracts have earned him millions of dollars and established his name among the world's top athletes. win, Annual $1.25M incentive for NFL MVP honors. This makes Mahomes one of the highest-paid quarterbacks in history for a rookie deal with the Chiefs. That is undebatable and undeniable. the biggest difference is he is focused on winning. With the millennials, we had a malaise for a period of time. KANSAS CITY, Mo. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a year as a rookie. Mahomes matched her by buying a stake in Kansas City's MLS team, Sporting KC. The quarterback further enhanced his blossoming reputation by steering the Kansas City Chiefs to the franchise'sfirst Super Bowl title in 50 years. And he can renegotiate in a few years. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. All while creating the kind of wealth that changes lives. Patrick Mahomes may become the NFL's first $200 million player, but he can expect to earn double that amount in endorsements, according to a sports marketing expert. A good quarterback is worth his weight in gold. Mahomes started receiving multiple endorsement deals following his MVP season. If they want him to help the team he can play hard ball too. Its simple. March 20, 2019, 6:00 AM. Beginning that season, he will average $45 million per season. A first-round pick out of Texas Tech in 2017, Mahomes nabbed about $10.5 million as a rookie despite playing just one game. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. There are countless ways to do thissee the Rams. NFL draft dominated early by QBs, including top pick Young Kansas City Chiefs Patrick Mahomes private jet tour, endorsement The money leagues and athletes make is obscene, but I aint mad about it. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. Over the years, Mahomes has kept himself away from controversies and has The next guy is the top-paid guy, Mahomes said. He crossed the eight-figure plateau once again in 2020 and hasn't looked back since. He is sponsored by Adidas, Bose, Electronic Arts, Oakley, and BioSteel. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. 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. 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. Away from the field, Mahomes has become an increasingly noticeable presence, too. That's chump change for an NFL franchise, right? For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. July 23, 2022 at 5:34 am As a popular and accomplished athlete, Patrick Mahomes also has a second and lucrative stream of income: endorsements. Patrick Mahomes is an athlete first and a businessman second. Decent. 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. Patrick Mahomes Brown is clearly about maximum dollars and that is fine. Read more: Patrick Mahomes fianc of KC NWSL team owner Brittany Matthews rocks fiance's jersey at the team's first home game. A. Disney paid $5 million when he said "I'm going to Disney World!" A first-round pick by the Chiefs in 2017, he is moving into the last year of his rookie deal. Bad advice? Penny Hardaway's Net Worth: Inside the Iconic Athlete's Multi-Million Dollar Net Worth and Signature Sneaker Line, Zoe Saldana's Net Worth: How She Built Her Net Worth Through Entrepreneurship, Beyoncs Net Worth: From Destiny's Child to Business Icon. Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe How much is Patrick Mahomes Net Worth in 2023. This kind of persona does wonders for improving his endorsement possibilities which will last long past his playing days.