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. He wanted to Brady it. Mahomes is also a part-owner of Kansas City's first Whataburger restaurant and the Kansas City-based Big Slick Celebrity Weekend fundraising event. You seem to think compensation should be based on the importance of the job to society rather than the difficulty of finding a person with the skills to do the job. Following this, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. Revenue multiples are high compared to other pro sports leagues avg. Mahomes always seems to have his head on straight. Apart from that, it's unknown exactly how much he makes in endorsements and With an average annual value of $45 million, Mahomes has plenty of money to spend. The Chiefs got a bargain when they got Mahomes to sign for 10 years. I think it is good to see, can ya kick some of that money to Kelcy, as the founder of Tight End University recently said. After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, Adidas, and Head & Shoulders. Patrick Mahomes is a true inspiration. So if this is about money, Mahomes is doing the right thing. Im a customer, and you should be too. 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. Here is the official VikingsTerritory endorsement: Trade into the Top 10 for Ohio State quarterback C.J. In a year, Patrick Mahomes is estimated to make around $39.8 million. It's hard to believe that Patrick Mahomes was an unheralded college football player at Texas Tech University just a few years ago. Great attitude. His endorsement earnings are estimated to be around $7 million. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. 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. His investments have seen significant returns. With this mindset, Stroud seems like the wisest bet, although Minnesota could adore Anthony Richardson (Florida), Will Levis (Kentucky), Hendon Hooker (Tennessee), or Dorian Thompson-Robinson (UCLA). Did we mention that it was Kansas City's first Super Bowl appearance in 50 years? With one voice, we recommend the Vikings obtain whichever quarterback they enamor from this draft now, enabling Quarterback X to watch and learn for a season and take the reins in 2024. While Manning is still earning in retirement, Mahomes is part of a new generation of quarterbacks. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth. July 23, 2022 at 5:34 am Oakley Signs NFL Superstar Patrick Mahomes To Endorsement 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. Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! I dont get endorsement deals. Good football players dont make their money playing football. Just glad my team is finally good enough for people to care. He also joined the LeBron James' Rock the Vote initiative to encourage people to register and vote. 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. Tom Pennington, Getty Images. I think Patrick Mahomes is doing it the right way.I hope for their sake other rising athletes take notice. Exclusive: Millie Bobby Brown and Patrick Mahones pause for Pure greed. HUge $, the guys focused on best AAV will in all likelihood win zero SBs(or maybe one), starting with Aaron Dak, Deshaun and Kyler. So glad youll be able to feed your family. NOTE: The max value of Mahomes extension was first reported as $503 million, but reaching that number would require satisfying several incentives every year that are considered unlikely, including winning the AFC title and NFL MVP. He wants to win. Mahomes either got bad advice or ignored good advice from his agent. 1in the world, and the way you look at that is through player salaries. His investments, endorsements, and NFL contracts have earned him millions of dollars and established his name among the world's top athletes. They take ownership of problems, they create solutions, and they serve the global community. You cant beat that. Too bad for other teams they dont have a QB with this kind of attitude. The first property is located in the city of his team, Kansas City, Missouri. The price will be lucrative. Mahomes grew up in an upper middle class stable family which says it all about his attitude on life in general. Speaks well of his character. Patrick Mahomes has earned his money through endorsement deals, investments, NFL salary, and public appearance fees. 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. Beginning that season, he will average $45 million per season. Mahomes invested in Whataburger, the popular Tex-Mex fast food chain, to round out his portfolio. They were able to offer Orlando Brown a very lucrative deal that guy foolishly turned down. The 2018 NFL MVP inked a mammoth 10-year, $450 million contract in the summer of 2020, the biggest deal in NFL history. Bad advice? He was also the cover athlete for the Madden NFL video BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts. KC needs to find players willing to get paid a lot but not max and win ships. Mahomes will also earn an additional $550,000 for attending team workouts during the offseason. The list of Mahomes endorsement deals is long. Take what you can get when you can get it and dont feel bad about it. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. Adrianna Barrionuevo. 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 $94,880,143. 10, if hes there. Longevity is a big issue, attractiveness is a big issue, as is success. BioSteel Sports Nutrition Inc. Signs Multiyear Deal with Super Look for another 2-3 years on current and then 75M$ a year to go with Minnesota Vikings fans, as a prediction, believe the franchise will end up with USC WR Jordan Addison in the 2023 NFL Draft Thursday night. Starting from personal use to mark his appearance on the field, the Texas product often flaunts different types of Oakley eyeglasses. He also has a home in Texas bought before his extension and a $1.75 million home in Kansas City, which he shares with fiancee Brittany Matthews. I say do this: when an NFL teams revenue reaches a certain point, require it to contribute a sizable tax to its citys education or health & services budgets. Oh, and he has a Super Bowl ring. March 20, 2019, 6:00 AM. I think hell be ok. Ill bet hes richer than any of these other QBs in 20 years. Patrick Mahomes II (@PatrickMahomes) November 16, 2018. AppSumo has helped launch hundreds of start-ups over the years and has given entrepreneurs access to cutting-edge tools to grow their businesses. One NFL executive estimated that if the Chiefs were to win Super Bowl 54 they did then it would result in an additional $7 million per year for Mahomes. The thing about Americans is and you're going to see this when the XFL fails they don't like to watch poor sports. As if that investment lineup wasnt impressive enough, Patrick Mahomes doubled down on the local Kansas City community this week. 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. Only time will tell how much Patrick Mahomes is able to maximize his net worth through investments, but hes off to a great start. Furthermore, heres a breakdown by Tom Pelissero of the NFL Network showing the annual cash flow on Mahomes new deal. The top 5% might get huge contracts, but what about the other 95% of the players? Starting in 2022, Mahomes is earning an average of $45 million per year following his 10 year deal with the Chiefs. How many times do we hear the sad tale of star athletes ending up broke? Also Read: Who is Patrick Mahomes' girlfriend? Patrick Mahomes II (@PatrickMahomes) March 24, 2021. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field. Follow us for breaking news and latest updates: NFL.com Drops Wrench into Vikings Mock Draft. Mahomes also serves as a brand ambassador for Nike and State Farm Insurance. He has a half billion dollars coming his way. Patrick Mahomes Adds to His Growing Endorsement List - Talk 1340 Thats still a lot of money to pay for only one Super Bowl win. His 10 year extension was when he still had two years left on his rookie deal! Stroud. He also owns various businesses and investments, contributing to his net worth. He has also lined up across from Troy Polamalu while promoting Head and Shoulders. Hell sign for another 10 years when hes 32! 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. Says, Aw shucks. Patrick Mahomes But Mahomes doesn't put all of his money to work, as he knows how to have a good time as well. Mahomes will come to regret that deal. As SN's Joe Rivera noted back in October, Mahomes' current deal has two incentives attached to it; he'll earn $1.25 million if the Chiefs reach the Super Bowl and $1.25 million if he wins MVP. 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. Super Bowl Win May Bring Mahomes $7 Million Endorsement Bump His profile is aided by a change in the marketing landscape, according to Duber-Smith. The brand says it chose Mahomes after he became the Mahomes' current $140 million deal is fully guaranteed. I think hell be able to feed his family on 40 mil a year. Hes not making the most per year, but he is guaranteed more money than any other player in the NFL. Im a customer, and you should be too. Kansas City Chiefs star quarterback Patrick Mahomes has reportedly signed a major endorsement deal with 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 Patrick Mahomes said NO to massive endorsement deals early on in his career. Patrick Mahomes net worth: How much money does Chiefs QB make in 2022. Even with Rodgers coming off major shoulder surgery. He even has more endorsement potential than Manning, who is one of the most likeable and also one of the highest-grossing celebrity endorsers ever. July 23, 2022 at 11:13 am Also, these guys are all young. To date, Mahomes has reeled in about $47.5 million, per Spotrac. For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. And only getting longer. By combining smart investments, endorsement deals, and a hefty NFL salary, Patrick Mahomes has become one of the wealthiest players in the NFL. There is still a salary cap. I like this guy. 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. Patrick Mahomes At just 27 years old, he has established himself as one of the most successful quarterbacks in NFL history. He's paid as such, too. Brown is clearly about maximum dollars and that is fine. Mahomes bought a slice of MLB's Kansas City Royals, furthering his commitment to his adopted city. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. Patrick Mahomes Patrick Mahomes' Contract Patrick Mahomes' endorsements: Complete list of Chiefs QB's deals At 45,000+ subscribers, Huddle Up is quickly becoming one of the largest sports business communities on the internet every addition helps :). Mahomes was voted NFL MVP in 2018 his second pro season and first year as a starter and followed that up in the 2019 season with a miraculous Super Bowl run in which he earned MVP honors for the big game. All these pro golfers you see now selling their souls to LIV are going to learn that the hard way. 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. As of now, he is estimated to earn approximately $7 million per year in addition to his official income. Mahomes followed up his MVP campaign with 26 passing touchdowns to just five interceptions in 2019. Our society is out of whack. His hydration is sponsored by Essentia water. The big payday at such a young age Mahomes doesn't turn 26 until September has enabled Mahomes to be more aggressive on the investing front. Patrick Mahomes That is the correct answer. Patrick Mahomes success on the football field has earned him a tremendous amount of money. His brother now is another matter. Patrick Mahomes of NFL signs historic deal with Oakley Mahomes base salary does appear to be very low. He hosts a podcast with Bryant McKinnie, which airs every Wednesday with Raun Sawh and Sal Spice. A refreshing change from Arron Rogers and Watson whos egos demands that theyre the most highly paid even when they are already under contract. The Vikings front office should identify that person now and go get him. Take what you can get when you can get it and dont feel bad about it.. Starting from Oakleys, Hy Does the contract length really matter? July 23, 2022 at 9:29 am That means we will be talking about Mahomes and that ridiculous contract for a long time. How much money do you need? Hell sign for another 10 years when hes 32! In addition, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. Patrick Mahomes may become the NFL's first $200 million "It's all about what we call 'star power' in the sports marketing world," he said. Hes one of the highest-paid and marketable players in the NFL. Also Read: Patrick Mahomes contract breakdown. Such deals give Mahomes a platform to reach millions of fans while providing financial security and stability for his family. The next guy is the top-paid guy, Mahomes said. "It's all about quality. 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. It consists of three bedrooms and is estimated to be around $1.9 million. Aside from his investments, endorsement deals, and NFL salary, Mahomes also earns money through public appearance fees and memorabilia sales. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. Learn how your comment data is processed. Hell or high water. And no message shouts FREEDOM louder than their success. His net worth looks poised to explode in the coming few years, especially as his business interests grow more varied. chiefsnoles says: Mahomes earns money through multiple streams, ranking among the world's highest-paid athletes. This is the most lucrative sports contract, earning Mahomes significant income. 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. years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. Mahomes signed a gargantuan 10-year (!) The Kansas City Chiefs and Patrick Mahomes have agreed to a four-year, $16.4 million deal with a $10.1 million signing bonus. No championship since the deal and Tyreek got away. Over the years, Mahomes has kept himself away from controversies and has This makes Mahomes one of the highest-paid quarterbacks in history for a rookie deal with the Chiefs. Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. That's priceless. At No. Bottom line: Stroud needs four years for a full assessment, and thats when draft picks flow back into the system. His 10 year extension was when he still had two years left on his rookie deal! Here is a breakdown of all of his contracts, courtesy of Spotrac: Per CelebrityNetWorth.com, Patrick Mahomes net worth is $40 million. 2015: $700 million. pic.twitter.com/MrsHAldn51. 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. Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants. Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades. Look at Michael Jordan and LeBron James. 10 or 11, the trade package should involve two 1st-Round picks, not three. The Kansas City Royals, with Mahomes joining the MLB ownership group last July when the team was valued at $1 billion. WebNew York, August 4 th, 2020 BioSteel Sports Nutrition Inc. today announced a momentous partnership between the sports nutrition company and Patrick Mahomes, the new face of the NFL and entrepreneur, as he joins the companys roster of elite athletes as a partner.