What is Patrick Mahomes net worth and salary?
American professional football player Patrick Mahomes earns $40 million in salary and a net worth of $90 million. Before being selected by the Kansas City Chiefs as the tenth overall choice in the first round of the 2017 NFL Draft, Patrick Mahomes was a quarterback for Texas Tech. He is currently among the world’s top-paid athletes. Patrick helped the Chiefs win their first Super Bowl since 1969 in 2020. In 2023, he guided the club to another Super Bowl victory.
Early Life
On September 17, 1995, Patrick Lavon Mahomes II was born in Tyler, Texas, to MLB pitcher Pat Mahomes and Randi Martin. At Whitehouse High School, in addition to playing basketball and baseball, he was the quarterback. He ran for 948 yards and 15 touchdowns as a senior on the football team, in addition to throwing for 4,619 yards and 50 touchdown passes. He recorded 16 strikeouts while pitching a no-hitter in baseball. He thinks that throughout the years, pitching and hoops have helped him become a better quarterback. As a three-star recruit, Patrick was ranked as the 12th-best dual-threat quarterback in his class. Houston, Rice, and Texas Tech all made offers to him. In the 37th phase of the 2014 MLB Draft, the Detroit Tigers selected him; however, he chose to concentrate on football and did not sign a contract.
Mahomes attended Texas Tech during his collegiate football career, where he was selected to the 2016 Big 12 Second Team. In the same game versus Oklahoma, he broke the NCAA records for single-game passing yards (734) and single-game total offensive yards (819). With 5,052 passing yards and 53 total touchdowns in his final year of college, he led all NCAA Division I FBS players in that category. In 2016, he won the Sammy Baugh Trophy.
NFL Career
The Kansas City Chiefs traded up from their initial 27th overall pick to select Patrick Mahomes with the 10th overall choice in the first round of the 2017 NFL Draft. After serving as Alex Smith’s backup during his debut season, he was promoted to the starting lineup in 2018. As the youngest quarterback who passed for six touchdowns in a game, he set NFL records for the most passes with touchdowns thrown through the first three career games, the most touchdown touchdowns thrown during the first two games of a season, and the most touchdown passes thrown throughout the first three games of a season. Along with Peyton Manning, he became the only quarterback in NFL history to throw for 5,000 yards and 50 touchdowns in a single season. He also became the only quarterback in college and professional background to throw for 5,000 yards in a season. Mahomes was chosen as a First Team All-Pro and assigned to the Pro Bowl in addition to winning the NFL MVP and Offensive Player of the Year awards.
Following their victory in the AFC Championship in January 2020, Patrick and the Chiefs advanced to Super Bowl LIV, their first trip to the big game in fifty years. It was him who was crowned “Sports Illustrated Sportsperson of the Year.” Patrick Mahomes, the second-youngest quarterback in history and the second black quarterback overall, was voted the Super Bowl MVP after the Kansas City Chiefs defeated the San Francisco 49ers 31–20. Furthermore, he is the third black quarterback in Super Bowl history to win.
The Kansas City Chiefs returned to the Super Bowl in 2021, however, they were defeated 31–9 by Tom Brady and the Tampa Bay Buccaneers. In his first game with more than ten losses in the NFL, Mahomes completed 270 passes for 270 yards and two interceptions. Patrick had surgery three days following the game to fix a turf toe injury he sustained in the Divisional Round matchup with the Cleveland Browns.
With 5,608 yards overall during the 2022 season, Patrick Mahomes shattered the franchise record for throwing yards in a season set by the Chiefs, and he also set the NFL record for most total yards by a quarterback with 5,250 yards. To go to their third Super Bowl in four seasons, the Chiefs overcame the Cincinnati Bengals in the AFC Championship game.
Salary and Contracts
When Patrick initially entered the NFL in 2017, he inked a $16.2 million four-year contract with the Chiefs. Completely guaranteed, the deal included a $10 million signing bonus. Many NFL observers projected that if Patrick proved he was a superstar, his next agreement would be unlike anything the league had ever seen. These forecasts turned out to be incredibly accurate.
He was in the final two years of his rookie contract heading into the Super Bowl. Instantly following the conclusion of the Super Bowl, he qualified for an extension. A lot of people thought the deal would break NFL records. It was widely believed that Patrick would get a $200 million contract, setting a new league record. It was anticipated that the contract will have at least 50% assured terms and an average pay of $40 million annually.
If $200 million doesn’t sound like a huge amount, bear in mind that Eli Manning set a league record for career total earnings when he retired about the time of the 2020 Super Bowl, with $252 million. Eli completed several extraordinarily large contracts over 17 years to earn that record-breaking sum.
$500 Million Contract
Patrick reportedly inked a 10-year deal worth “over $400 million in total” with the Chiefs on July 6, 2020. At first, it was uncertain how much would be guaranteed to stay after taxes and how much would be given as a signing bonus.
Subsequently, it was revealed that Patrick’s agreement had a ten-year value of $450 million. To put things in perspective, Drew Brees, the NFL’s all-time money the ruler, had made $245 million in total during the time his contract was inked.
Eventually on in the day, it was discovered that Mahomes’ deal had a $503 million maximum value, assuming it is completed. The contract’s $477 million in “guaranteed mechanisms,” of which $140 million is completely guaranteed against injury, was also made clear. He is the first sportsman in sports history to earn half a billion dollars.
Kansas City Royals
Following his Super Bowl victory earlier in the year, in August 2020, it was made public that Patrick had not only inked a $500 million contract but also secured an ownership position in the Kansas City Royals baseball team. It’s unknown how much of a share he had bought, but the team was bought for $1 billion less than a year ago, so he probably paid roughly $10 million for a 1% ownership position. Mahomes had only made $13 million in total on the field so far in his career.
Endorsements
In his brief NFL career, Patrick Mahomes has already signed numerous endorsement deals, including one with Justin Hunt following his disclosure of a fondness for ketchup. Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds are some of the other sponsors. He was the first Chiefs player to appear on the cover of Madden NFL 20 in the video game’s history. He and Tom Brady graced the cover of Madden NFL 22 two years later.
Personal Life
On March 12, 2022, Patrick Mahomes tied the knot with Brittany Matthews, his high school sweetheart. Together, the pair is parents to a boy and a daughter. On September 1, 2020, at Arrowhead Stadium, the day he won his Super Bowl ring, he proposed to Brittany.
To better the lives of children, Mahomes founded the “15 and the Mahomies Foundation” in 2019.
LaTroy Hawkins, a former Major League pitcher and Patrick Mahomes’ father’s Minnesota Twins teammate is the godson of Mahomes.
Real Estate
Patrick spent $1.9 million on a Kansas City house in 2019. In June 2019, he put this house up for sale for just under $3 million. The house was listed and sold in a matter of days.
Patrick paid $3.4 million for a Dallas house at the beginning of 2020.
Patrick paid $400,000 in 2021 for an undeveloped site in the gated Loch Lloyd development in Kansas City. And in 2023, work on his ideal house was completed. It featured an enormous mansion, an enormous pool, a private pond, a par three golf course, and half of a football field with his name and logo printed in the end zone.
Patrick Mahomes Career Earnings
- Kansas City Chiefs (2031) $48.4 Million
- Kansas City Chiefs (2030) $45.5 Million
- Kansas City Chiefs (2029) $35 Million
- Kansas City Chiefs (2028) $27.2 Million
- Kansas City Chiefs (2027) $52.9 Million
- Kansas City Chiefs (2026) $56.8 Million
- Kansas City Chiefs (2025) $50 Million
- Kansas City Chiefs (2024) $44.5 Million
- Kansas City Chiefs (2023) $59.4 Million
- Kansas City Chiefs (2022) $29.5 Million
- Kansas City Chiefs (2021) $22.8 Million
- Kansas City Chiefs (2020) $10.9 Million
- Kansas City Chiefs (2019) $2 Million
- Kansas City Chiefs (2018) $1.2 Million
- Kansas City Chiefs (2017) $10.6 Million
