Ketchup-loving Patrick Mahomes lands endorsement deal from For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract. The deal is eye-popping. His status as one of the NFL's biggest stars has made him a sought-after figure for various endorsement opportunities. Uh. By combining smart investments, endorsement deals, and a hefty NFL salary, Patrick Mahomes has become one of the wealthiest players in the NFL. Itll only make it more conspicuous, because it likely will drop Mahomes to No. He is locked up where he wants to be for 10 years. "Pat Mahomes is likeable," he added. Mahomes matched her by buying a stake in Kansas City's MLS team, Sporting KC. Patrick Mahomes Bad advice? Stroud. David Suggs is a content producer at The Sporting News. 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. Did we mention that it was Kansas City's first Super Bowl appearance in 50 years? He is also a great role model for young athletes. With a $700 million valuation, Hyperice isnt exactly a startup. He's got a handful of successful endorsement deals, including ones with Adidas, DirectTV and Head and Shoulders. In the end, ya, he is getting 40 million, so it is not like he is some saint, but his ego did not get in the way and hamper his chance to win. He is sponsored by Adidas, Bose, Electronic Arts, Oakley, and BioSteel. 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, Those are sort of the four biggest variables for endorsement success, in my opinion. His wealth will only grow as he continues to leverage his success and enter into more lucrative deals. That is undebatable and undeniable. 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. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth. A. After 2021, the deal becomes backloaded in anticipation of an increased NFL salary cap. In addition, Mahomes is an investor in Hyperice, a recovery technology company focusing on muscle health and performance. "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. No contract setting me up for life for only working a few years even if i took a pay cut. Too bad for other teams they dont have a QB with this kind of attitude. He released his signature shoe with Adidas in 2021, called the Mahomes 1 Impact FLX. Kansas City Chiefs quarterback Patrick Mahomes is one of the highest-paid athletes on the planet and hes worth every penny. As if that investment lineup wasnt impressive enough, Patrick Mahomes doubled down on the local Kansas City community this week. "It's all about what we call 'star power' in the sports marketing world," he said. Guaranteed money is getting out of control. Mahomes has a great attitude and comments like these are why he is beloved in Kansas City. Haters gonna hate but Mahomes never will. After signing a 10 year deal with the Chiefs he has now become the worlds first professional athlete to sign a deal worth half a billion dollars. Mahomes either got bad advice or ignored good advice from his agent. Even with Rodgers coming off major shoulder surgery. Mahomes started receiving multiple endorsement deals following his MVP season. Mahomes motivation wasnt chasing after every last dollar but to win. nyctraffic says: nite2al says: The party never ends. Mahomes base salary does appear to be very low. How much has the Chiefs quarterback made over his career? nyctraffic, This arguement is old. I dunno how you do it Patty, I would laugh at $50 mil a year. The thing about Americans is and you're going to see this when the XFL fails they don't like to watch poor sports. His endorsement deals have earned him millions of dollars and international recognition. Read more: The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal. Ideally, for these purposes, Stroud falls to the 10th or 11th pick, and general manager Kwesi Adofo-Mensah pounces via trade. 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. His portfolio includes various businesses, sports teams, and products. 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. Patrick Mahomes net worth: How much money did the Chiefs QB make in 2020? He could quit tomorrow and be set for life. HOW BIG DOES THE PILE HAVE TO B. Patrick Mahomes Patrick Mahomes, the second highest-paid player in the NFL, has a net worth of $51.5 million. Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. The NFL was a much smaller business in the 80s and 90s. At 45,000+ subscribers, Huddle Up is quickly becoming one of the largest sports business communities on the internet every addition helps :). Mahomes drives a Ferrari 812 Superfast. A native Texan, Mahomes worked with a franchise group to help bring Whataburger to the greater Kansas City area. 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. Patrick has endorsement deals with some of the world's biggest brands, such as Adidas, Oakley, Airshare, Bio Steel, State Farm Insurance, and Direct TV. It sure pays, being a world-class athlete. Patrick Mahomes net worth: How much money did the Chiefs QB Mahomes grew up in an upper middle class stable family which says it all about his attitude on life in general. Patrick Mahomes Andy Reid and the Chiefs saw enough in the then-22-year-old, though, sending veteran quarterback Alex Smith to the now Commanders. He knows to appreciate his situation. Mahomes joined the Kansas City Royals ownership group on July 28, 2020, as a minority stakeholder. 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. 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. He sat behind & learned from veteran QB Alex Smith during his rookie season, taking over the starting role for his sophomore campaign. At just 27 years old, the quarterback for the Kansas City Chiefs NFL team has gathered a net worth of approximately $50 million. 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. In a year, Patrick Mahomes is estimated to make around $39.8 million. Mahomes signed a gargantuan 10-year (!) Mahomes is guaranteed almost half a BILLION dollars over 10 years. Patrick Mahomes Ask Kansas City Chiefs fans if the Patrick Mahomes trade pricetag was worth it. One of the first major purchases Mahomes made following his extension was a stake in the Chiefs' MLB neighbor, the Royals. Just ask Chiefs quarterback Patrick Mahomes. Patrick Mahomes Has Landed A Huge Endorsement Deal With a height of 6 ft 2 in (1.88 m), Patrick is considered one of the most talented quarterbacks in the NFL today. I like this guy. Patrick Mahomes II (@PatrickMahomes) March 24, 2021. While Manning is still earning in retirement, Mahomes is part of a new generation of quarterbacks. Thats why we created this FREE course that will walk you through the process of becoming a millionaire, step by step. Chiefs fans go bonkers as Patrick Mahomes, Travis Kelce steal Mahomes signed his first full contract with the Kansas City Chiefs in 2017, a $16.4 million deal over four years. A first-round pick by the Chiefs in 2017, he is moving into the last year of his rookie deal. The price will be lucrative. 12. A great one? The former Super Bowl champion has always been a front face for all kinds of endorsements when it comes to Oakleys. Sports business reporter Darren Rovell tweeted out the news. Our 2023 Draft Endorsement for Vikings Those are the predictions what folks think will happen. That he did so with the hometown Royals also showed his commitment to Kansas City. Copyright 2023 Sporting News Holdings Limited. Patrick Mahomes is the first NFL quarterback to sign a 10-year deal in many years. Patrick Mahomes 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. That is called being satisfied and appreciating what you have . Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! 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. Patrick Mahomes II Is on the 2023 TIME 100 List | TIME 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. "Success helps, but likeability is a bigger factor. The majority of the money will come from hefty roster bonuses. There is still a salary cap. Also, these guys are all young. 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. In addition to the money he makes on the field, Mahomes also has several impressive endorsement deals with high-profile brands. We don't know about that because an injury can derail someone's career very quickly. After hours upon hours of film study, analysis, and dialogue, we landed on Stroud as the guy to take the mantle after Kirk Cousins leaves the franchise. 2015: $700 million. Becoming an NFL champion, however, will be worth much more to their quarterback, Patrick Mahomes. Apart from that, it's unknown exactly how much he makes in endorsements and Patrick Mahomes' Endorsements. Patrick Mahomes The same day he bought an ownership stake in the MLB team, he also bought a Ferrari 812 Superfast which starts at $338,000. 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. Such deals give Mahomes a platform to reach millions of fans while providing financial security and stability for his family. Patrick Mahomes 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 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. This includes his, Mahomes charity called the 15 and the Mahomies Foundation is dedicated to improving the lives of children. Mahomes will also earn an additional $550,000 for attending team workouts during the offseason. "It's all about quality. The top 5% might get huge contracts, but what about the other 95% of the players? No one cheers for us to be #1. Its all ego driven the next qb needs to make more than the last. Sports Illustrated Sportsperson of the Year (2020). He was also the cover athlete for the Madden NFL video To date, Mahomes has made just $24.545 million from his NFL earnings. Your delusional if you think its not going to happen. That is a leader and a winner. They take ownership of problems, they create solutions, and they serve the global community. A first-round pick out of Texas Tech in 2017, Mahomes nabbed about $10.5 million as a rookie despite playing just one game. He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors. Does the contract length really matter? From WriterZen to Plutio, AppSumo offers incredible deals on hundreds of innovative products that can improve your workflow at every stage. Same goes for all these guys and the owners. Being out with Andy Reid was the best thing that happened to his career. That was a trash contract from jump. Ton Brady got nothing but a bunch of rings . Not one of you would take a pay cut so your company could be better than other companies. To be fair, this is more of a long-term play. His name has become synonymous with athletes worldwide, with endorsement deals, investments, and public appearances. Mahomes has always been wise beyond his years. 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. 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 also has a big partnership with Adidas. Hes already more than set for life financially and shouldnt concern himself with the Deshaun Watson and Kyler Murray overpays. How much is Patrick Mahomes Net Worth in 2023. The Packers brought the last deal to the table also, to put their cap in a better position. He followed Brady in that regard, not a bad example. Furthermore, heres a breakdown by Tom Pelissero of the NFL Network showing the annual cash flow on Mahomes new deal. 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. Copyright 2023 Sporting News Holdings Limited. The list of Mahomes endorsement deals is long. 10, if hes there. Tom Pennington, Getty Images. Your login session has expired. Mahomes followed up his MVP campaign with 26 passing touchdowns to just five interceptions in 2019. 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. A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time. Dorine Otinga is a copywriter with over 6 years of experience crafting content that engages and inspires her readers. Look for another 2-3 years on current and then 75M$ a year to go with Annual contract extension earnings: 2022: $35,793,381 2023: $46,793,381 2024: $44,293,381 2025: With the millennials, we had a malaise for a period of time. 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? Those are the predictions what folks think will happen. Patrick Mahomes The Chiefs got a bargain when they got Mahomes to sign for 10 years. According to one advertising executive, the reigning Outside of sports, Mahomes has also invested in the restaurant industry. His flowing hair and distinct voice can be found on numerous billboards, print ads and television spots. To date, Mahomes has reeled in about $47.5 million, per Spotrac. All these pro golfers you see now selling their souls to LIV are going to learn that the hard way. Patrick Mahomes With an average annual value of $45 million, Mahomes has plenty of money to spend. The money leagues and athletes make is obscene, but I aint mad about it. Patrick Mahomes' endorsements: Complete list of Chiefs QB's deals Minnesota Vikings fans, as a prediction, believe the franchise will end up with USC WR Jordan Addison in the 2023 NFL Draft Thursday night. His Vikings obsession dates back to 1996. Zac Al-Khateeb is a content producer for The Sporting News. Mahomes seems poised to sign a record-breaking contract soon worth upwards of $200 million due to his meteoric rise. Smart kid. Mahomes also serves as a brand ambassador for Nike and State Farm Insurance. The list of Mahomes endorsement deals is long. His 10 year extension was when he still had two years left on his rookie deal! Register now! 10 years of investments and these guys will all be insanely rich by the time they are 40. I think Patrick Mahomes is doing it the right way.I hope for their sake other rising athletes take notice. The difference is, I dont care if my company is #1 for the year. 1in the world, and the way you look at that is through player salaries. Hell sign for another 10 years when hes 32! Its the oldest tale: Rube gets duped. The list of Mahomes endorsement deals is long. Take a more team friendly contract so you can compete every year for a Super Bowl. Well, yes and no. The Kansas City Chiefs and Patrick Mahomes have agreed to a four-year, $16.4 million deal with a $10.1 million signing bonus. These endorsements include BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts only to mention a few. 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. Decent. Dude got a half billion dollar contract and were acting like hes a martyr. Learn how your comment data is processed. He reportedly purchased a condo for $350,000 here. Patrick Mahomes Adds to His Growing Endorsement List - Talk 1340 Not a member? To date, though, Mahomes is keeping it cool. That may have something to do with the fact that the pay cut in question is something like $550 million vs. $500 million, with the cut having a real chance of making a difference in the outcome, not $60,000 vs. $45,000 and still losing your job because your competitor makes a better product. Brady took undermarket deals and last I checked he has 7 and counting. With all of his earnings both on and off the field, Mahomes has developed quite the investment portfolio. Bottom line: Stroud needs four years for a full assessment, and thats when draft picks flow back into the system. 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. 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? AP Photo/Perry Knotts In addition to the money he makes on the field, Mahomes also Patrick Mahomes signed the biggest deal in NFL history in 2020. Overall, Mahomes' investment portfolio is diverse and covers multiple industries. That portfolio should only grow more and more diverse as the years go on. That money may seem absurd we assure you, it is but it is still a sound investment for the Chiefs. Hes not even out of his mid twenties yet. Trading into the Top 10 could be as expensive as this years 1st-Rounder, plus two more from 2024 and 2025. If a team wants any player bad enough, they can work a deal to stay under the cap. We probably cant help you much, but well cheer from the sidelines. He also encouraged his Chiefs teammates and worked with them to urge other players to vote. extension with the Chiefs in July 2020, just the fourth year of his rookie contract. BioSteel Sports Nutrition Inc. Signs Multiyear Deal with Super The result was magic. 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). She loves traveling, cooking, and reading motivational books to keep herself inspired. For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. Have your cake and eat it too. An estimated $20 million Patrick Mahomes earned in endorsements in 2022 was second only to Tom Brady. Patrick Mahomes His home measures around 3,759-square-foot. 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. Adrianna Barrionuevo. QB is the #1 player. In addition, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. He released his signature shoe with Adidas in 2021, called the Mahomes 1 Impact FLX. Its simple. He hosts a podcast with Bryant McKinnie, which airs every Wednesday with Raun Sawh and Sal Spice. Exclusive: Millie Bobby Brown and Patrick Mahones pause for Patrick Mahomes: $63 million. In fact, were on a mission to make one million millionaires by 2028. 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. The collective body of VikingsTerritory writers forecast TCU wideout Quentin Johnston as the pick. 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. 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. 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. Patrick Mahomes Well, there is always the hold out strategy for re-negotiations. Aside from his lucrative NFL paychecks, Mahomes also earns from several endorsement deals. 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. Ill bet hes richer than any of these other QBs in 20 years. Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants. And he can renegotiate in a few years. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a year as a rookie. The Kansas City Chiefs quarterback owns two Missouri homes, a Texas mansion, and a vacant plot of land - all with incredible value. What Is Patrick Mahomes' Net Worth Patrick Mahomes isn't exactly hurting for money. Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars. chiefsnoles says: His endorsement earnings are estimated to be around $7 million. "I would compare him to Peyton Manning, though. Stroud. Only time will tell how much Patrick Mahomes is able to maximize his net worth through investments, but hes off to a great start. April 13, 2023 6:32 AM EDT. Yet, the Chiefs' starter earned $1.2 million and $2 million in those two season, respectively. Mahomes' career has skyrocketed since he was named MVP of Super Bowl LIV. He is a hard worker who is always willing to put in the extra effort. Patrick Mahomes success on the football field has earned him a tremendous amount of money. Patrick Mahomes' endorsements: Complete list of Chiefs QB's deals Other notable Whoop investors include pro athletes Kevin Durant, Eli Manning, and Larry Fitzgerald. "They like to watch the best in the world, which explains why the Premier League ratings are so much higher than our own MLS. The Vikings front office should identify that person now and go get him. Thats still a lot of money to pay for only one Super Bowl win. 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. Our society is out of whack. This makes him history's youngest professional sports team owner, increasing his substantial fortune. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. AppSumo has helped launch hundreds of start-ups over the years and has given entrepreneurs access to cutting-edge tools to grow their businesses. Whatever Burrow or Herbert will get doesnt change that. I think hell be ok. But, how? Now, not so much. 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. The Adidas deal includes his own line of shoes. My guess? He currently has a net worth of $40 million. The team is already established and wont provide the asymmetric upside typically seen in high-growth tech companies. We laugh at your desperation. "They are different. With all due respect to the others, Mahomes should be at the very top of the list. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. KC needs to find players willing to get paid a lot but not max and win ships. Not one of you would take a pay cut so your company could be better than other companies. Here, we will take an in-depth look into Patrick Mahomes' net worth and explore all the factors that have made him one of today's biggest superstars. Mahomes deal looked crazy high money when he signed it but now doesnt look so bad and is considered team friendly at 40 million a year. This figure includes lucrative deals with major brands. 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. s Take: Comparing Patrick Mahomes and Josh 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. 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. Patrick Mahomes has 'even more endorsement potential than Peyton Manning,' expert says.