Mahomes has many notable endorsement deals, including Essentia Water, Hy-Vee grocery stores, Oakley eyewear and Adidas . And VTs Janik Eckardt + Dustin Baker individually foresee the team ending up with a defensive tackle after a trade out of the 23rd pick. 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. I like this guy. His investments reflect an understanding of the sports and business worlds, which should continue serving him well. At No. He hosts a podcast with Bryant McKinnie, which airs every Wednesday with Raun Sawh and Sal Spice. 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. Does anyone think the Chiefs would take a hard stance about re-working his deal??? Well, there is always the hold out strategy for re-negotiations. "They are different. After his MVP season, the QB signed deals with brands like Oakley, Essentia Water, Hy-Vee, State Farm, DirecTV, 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. yes. Weve seen what smart entrepreneurs can accomplish. Patrick Mahomes has earned his money through endorsement deals, investments, NFL salary, and public appearance fees. A good quarterback is worth his weight in gold. You guys crack me up. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. This site requires JavaScript to run correctly. I think Ive made enough money from the football field and obviously off of it as well, that it wont matter at the end of the day.. 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. April 13, 2023 6:32 AM EDT. Despite not being in the league very long, Mahomes has made himself a pretty penny, all things considered. Haters gotta hate. He was also the cover athlete for the Madden NFL video According to Forbes, Mahomes made $20 million in sponsorship deals in 2021, second only to Tom Brady among NFL athletes. 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. The Kansas City Chiefs quarterback owns two Missouri homes, a Texas mansion, and a vacant plot of land - all with incredible value. Ton Brady got nothing but a bunch of rings . Overall, Mahomes' investment portfolio is diverse and covers multiple industries. "Tom Brady has longevity and has had success, and is good-looking too, but he doesn't have that likeability. Thats still a lot of money to pay for only one Super Bowl win. Mahomes joined the Kansas City Royals ownership group on July 28, 2020, as a minority stakeholder. Uh. As one of the faces in the NFL, he should expect to be in high demand. Says, Aw shucks. Patrick Mahomes landed the most lucrative contract in American team sports history last July. Zac Al-Khateeb is a content producer for The Sporting News. So check it out, and let me know what you think! He's got a handful of successful endorsement deals, including ones with Adidas, DirectTV and Head and Shoulders. Take what you can get when you can get it and dont feel bad about it. When its that much money youre set for life but your legacy isnt. They raced to get a deal done with Rodgers before Mahomes massive deal. Enough money to be set, and talent to win rings. Patrick Mahomes lives in Kansas City with his long time girlfriend Brittany Matthews, at the heart of the city. Their neighborhood is called the Sunset Hill West and is near the Mission Hills AppSumo has helped launch hundreds of start-ups over the years and has given entrepreneurs access to cutting-edge tools to grow their businesses. Adrianna Barrionuevo. With all due respect to the others, Mahomes should be at the very top of the list. 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. I think Patrick Mahomes is doing it the right way.I hope for their sake other rising athletes take notice. 10 or 11, the trade package should involve two 1st-Round picks, not three. 2010: $341 million. Depends on who was fixing it and what his goals are. 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 is also a great role model for children, inspiring them to pursue their dreams and succeed despite obstacles. He could quit tomorrow and be set for life. Patrick Mahomes said NO to massive endorsement deals early on in his career. 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. Mahomes is set for life and is also part owner of the Kansas City Royals baseball team. Appsumo was created with one goal in mind: give entrepreneurs the tools they need to grow their business without breaking the bank. Patrick Mahomes: $63 million. Theres a lot more to life than just money. Starting in 2022, Mahomes is earning an average of $45 million per year following his 10 year deal with the Chiefs. One of the first major purchases Mahomes made following his extension was a stake in the Chiefs' MLB neighbor, the Royals. The list of Mahomes endorsement deals is long. So if this is about money, Mahomes is doing the right thing. But how did Mahomes achieve his success? Some of these comments are funny. Our 2023 Draft Endorsement for Vikings Those are the predictions what folks think will happen. A first-round pick by the Chiefs in 2017, he is moving into the last year of his rookie deal. Now, not so much. Also, these guys are all young. There are countless ways to do thissee the Rams. According to one advertising executive, the reigning 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? Mahomes followed up his MVP campaign with 26 passing touchdowns to just five interceptions in 2019. He's paid as such, too. KANSAS CITY, Mo. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. His investments, endorsements, and NFL contracts have earned him millions of dollars and established his name among the world's top athletes. Mahomes also serves as a brand ambassador for Nike and State Farm Insurance. 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. When I signed my deal, I knew I was going to be pretty set for life, regardless of what the market kind of happens, Mahomes said. Mahomes went from a MLB prospect to a MLB owner in only 6 years. Mahomes will likely make just under that, around $450 million but never say never. This kind of persona does wonders for improving his endorsement possibilities which will last long past his playing days. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. He has also lined up across from Troy Polamalu while promoting Head and Shoulders. Whatever Burrow or Herbert will get doesnt change that. His profile is aided by a change in the marketing landscape, according to Duber-Smith. It's no secret that Patrick Mahomes has accumulated some impressive real estate over the years. This is the most lucrative sports contract, earning Mahomes significant income. No government can match their effectiveness and financial stewardship. A. 10 years of investments and these guys will all be insanely rich by the time they are 40. It sounds crazy to say they got a bargain paying a guy half a billion dollars. Have a great day, and well talk tomorrow. on being asked what he was going to do after his Super Bowl win. It consists of three bedrooms and is estimated to be around $1.9 million. Hunts was his first endorsement 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. Outside of sports, Mahomes has also invested in the restaurant industry. On top of that, he already has an And only getting longer. I get the premise, sign a long term team friendly deal and win some championships, but the players who do this should have a clause in the contract that teams have to spend at least 95-98% of the salary cap each year. Add to that investments in the KC Royals, Sporting KC (soccer) and his Whataburger investments. Here's a breakdown of Patrick Mahomes' new contract with the Chiefs. Pure greed. Zay Flowers was surprised to see a text message from Patrick Mahomes, inviting him to work out ahead of Thursdays NFL Draft. nyctraffic says: After 2021, the deal becomes backloaded in anticipation of an increased NFL salary cap. Apart from that, it's unknown exactly how much he makes in endorsements and commercials. 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. "It's all about quality. For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. Patrick Mahomes II (@PatrickMahomes) June 7, 2022. Located in the heart of Kansas City, Mahomes home is in a private upscale community. Have your cake and eat it too. Mahomes got named the Super Bowl MVP for a second time in the Chiefs' 38-35 win over the Eagles in Super Bowl 2023. Revenue multiples are high compared to other pro sports leagues avg. But Mahomes says hes not concerned. Sports Illustrated Sportsperson of the Year (2020). He signed a contract extension worth up to Patrick Mahomes success on the football field has earned him a tremendous amount of money. How many times do we hear the sad tale of star athletes ending up broke? Register now! The NFL was a much smaller business in the 80s and 90s. It sure pays, being a world-class athlete. Hard not to like these two. Getty/Andy My point being, Mahomes is earning more money than anyone in NFL history at an extremely young age, putting him in a unique position to aggressively compound capital for the next few decades. Please logout and login again. There is still a salary cap. That's chump change for an NFL franchise, right? He knows to appreciate his situation. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract. However, as is the case with many contracts in the NFL, Mahomes' agreement with the Chiefs has a host of quirks. Sports business reporter Darren Rovell tweeted out the news. The net worth of 27-year-old NFL quarterback Patrick Mahomes is approximately $40 million. "The thing about endorsement potential is success is only one of a few important variables in whether an endorser becomes wildly financially successful," Duber-Smith said. Mahomes is earning an average annual value (AAV) of $45 million, among the highest figures in the league. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. That money may seem absurd we assure you, it is but it is still a sound investment for the Chiefs. Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. Hes not even out of his mid twenties yet. A great one? The quarterback further enhanced his blossoming reputation by steering the Kansas City Chiefs to the franchise'sfirst Super Bowl title in 50 years. I think Mahomes is more about winning than making every last dollar possible. And thats a very Vikings-like paradox to contemplate. 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. By combining smart investments, endorsement deals, and a hefty NFL salary, Patrick Mahomes has become one of the wealthiest players in the NFL. Refreshing and nice to hear from a top athlete. Still, professional sports teams have a strong record of value appreciation, produce consistent cash flow due to locked-in media rights, and Mahomes will get season tickets and unlimited perks. Decent. He has also invested in his hometown teams, the Kansas City Royals and Sporting Kansas City. All while creating the kind of wealth that changes lives. 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. That list currently includes Lebron James, Tiger Woods, Floyd Mayweather, Cristiano Ronaldo, Lionel Messi, and Roger Federer. His investments have seen significant returns. March 20, 2019, 6:00 AM. Mahomes matched her by buying a stake in Kansas City's MLS team, Sporting KC. Not one of you would take a pay cut so your company could be better than other companies. 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. Hell sign for another 10 years when hes 32! What an absolutely refreshing attitude! Read more: How Patrick Mahomes went from a high school baseball star to the face of the NFL. Mahomes is also a part-owner of Kansas City's first Whataburger restaurant and the Kansas City-based Big Slick Celebrity Weekend fundraising event. Patrick also acquired a share in the Kansas City Royals baseball team to add to this impressive financial portfolio. Mahomes' career has skyrocketed since he was named MVP of Super Bowl LIV. This site uses Akismet to reduce spam. Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! Take a look at those numbers. His endorsement earnings are estimated to be around $7 million. DIAMOND: Mahomes' new contract likely to prevent a Chiefs dynasty. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few.

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