What is Patrick Mahomes’ net worth?
The total wealth, annual earnings of Kansas City Chiefs quarterback Patrick Mahomes, who has signed the biggest known contract in the NFL.
Patrick Lavon Mahomes II is one of highest-earning players in the NFL. He has certainly earned his keep by leading the Kansas City Chiefs to their third Super Bowl appearance in his five years as starting quarterback.
Mahomes started out playing college football and college baseball at Texas Tech University. Following his sophomore year, he quit baseball to focus solely on football.
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Mahomes’ mammoth deal
The Kansas City Chiefs selected Mahomes in the first round (10th overall) in the 2017 NFL Draft. They signed him to a guaranteed four-year, $16.42 million contract that included a signing bonus of $10.08 million.
After trading Alex Smith to the Washington Redskins in 2018, the Chiefs elevated Mahomes to a starting quarterback position. In his first game as a starter, Mahomes beat division-rival Los Angeles Chargers by 38–28 and was named AFC Offensive Player of the Week.
Mahomes: Super Bowl accolades
After winning the 2019 Super Bowl game, rumors started to indicate that the Chiefs wanting to secure the young quarterback on a multi-year deal.
On April 30, 2020, the Chiefs picked up the fifth-year option on Mahomes’ contract, and they signed him to a ten-year extension worth $477 million with another $26 million in potential bonuses for a total of $503 million. The contract extends through the 2031 season, and at the time of signing, it was the largest in American professional sports history. His average annual salary comes out to around $45 million.
Patrick Mahomes officially became the first professional athlete to have a half a billion-dollar contract.
Investing and being ‘the regular’ Patrick
Shortly after signing the colossal contract, Mahomes told CBS Sports, “I haven’t bought anything… I feel exactly the same… I’m going to be the same person I was before I got the contract and before I got to the NFL.”
Although he said he would be the same person, a few days later, it was confirmed that Mahomes became a proud owner of a $338,000-plus Ferrari 812 Superfast, and his fiancee got a shiny $200,000-plus Lamborghini as a present.
The 27-year-old’s net worth is estimated at $40 million. He is also a stakeholder in the Kansas City Royals baseball team, a Major League Baseball club valued at $1 billion, making him the youngest team owner in the sport’s history.