Patrick Mahomes Net Worth (Money & Salary)

Patrick Mahomes Net Worth (Money & Salary)

“`html
Title: Patrick Mahomes Net Worth (Money & Salary)
Last Updated: February 4, 2025
 


 

What is Patrick Mahomes’ net worth and salary?

With a net worth of $90 million and an annual salary of $40 million, Patrick Mahomes is a professional football player from the United States. Having served as a quarterback for Texas Tech, he was chosen as the 10th overall pick in the first round during the 2017 NFL Draft by the Kansas City Chiefs. Currently, he ranks among the highest-paid athletes globally. In 2020, Patrick was instrumental in leading the Chiefs to their first Super Bowl victory since 1969 and secured another Super Bowl win in 2023.

Early Life

Born on September 17, 1995, in Tyler, Texas, Patrick Lavon Mahomes II is the son of MLB pitcher Pat Mahomes and Randi Martin. He showcased his talents as a quarterback at Whitehouse High School, where he also participated in baseball and basketball. In his senior year on the football team, he amassed 4,619 passing yards and 50 touchdown passes, complemented by 948 rushing yards and 15 rushing touchdowns. Additionally, he achieved a no-hitter with 16 strikeouts in baseball. His experiences in pitching and basketball are credited with enhancing his quarterback skills throughout the years. As a three-star recruit, he ranked as the 12th-best dual-threat quarterback in his class, receiving offers from Texas Tech, Rice, and Houston. Although drafted in the 37th round of the 2014 MLB Draft by the Detroit Tigers, he opted not to sign in favor of focusing on football.

While attending Texas Tech, Mahomes garnered recognition as a Second-team All-Big 12 player in 2016. He made NCAA history by recording 734 passing yards in a single game and accumulating 819 total offensive yards in the same game against Oklahoma. In his junior year, he led all NCAA Division I FBS players with 5,052 passing yards and 53 total touchdowns, earning the Sammy Baugh Trophy in 2016.

Getty

NFL Career

The Kansas City Chiefs drafted Patrick Mahomes as the 10th overall pick in the first round of the 2017 NFL Draft, having traded up from the previous 27th overall position. He spent his rookie season playing as Alex Smith’s backup before being named the starter in 2018. That season, he set several NFL records, including the most touchdown passes in the first three career games, the most touchdown passes in the first two games of a season, and the youngest quarterback to throw six touchdowns in a single game. Mahomes made history as the only quarterback ever to throw for 5,000 yards in both college and professional football, joining Peyton Manning as the only players to achieve 50 touchdowns and 5,000 passing yards in a single NFL season. His outstanding performance earned him the NFL Offensive Player of the Year, NFL MVP honors, a First Team All-Pro selection, and a Pro Bowl invitation.

In January 2020, he and the Chiefs secured the AFC Championship, leading to Super Bowl LIV, their first appearance in 50 years. For his remarkable performance, Patrick was named “Sports Illustrated Sportsperson of the Year.” The Chiefs triumphed over the San Francisco 49ers with a score of 31-20, and Mahomes was named the Super Bowl MVP, making him the second black quarterback and the youngest overall to receive this accolade. He is also the third black quarterback in history to win a Super Bowl.

In
“`

In 2021, the Kansas City Chiefs returned to the Super Bowl but faced a defeat against Tom Brady and the Tampa Bay Buccaneers, ending the game 31-9. During this match, Mahomes recorded 270 passing yards and threw two interceptions, marking the first double-digit loss in his NFL career. Three days post-game, Patrick had surgery to address a turf toe injury sustained during the Divisional Round against the Cleveland Browns.

In 2022, Patrick Mahomes established the NFL record for total yards by a quarterback in a season with 5,608 yards, surpassing his own franchise record for the Chiefs with 5,250 passing yards. The Chiefs triumphed over the Cincinnati Bengals in the AFC Championship, securing their place in a third Super Bowl in four years.

Salary and Contracts

Upon joining the NFL in 2017, Patrick signed a four-year contract worth $16.2 million with the Chiefs. This contract was fully guaranteed and included a $10 million signing bonus. After showcasing his skills as a superstar, numerous NFL analysts speculated that Patrick’s subsequent contract would break unprecedented records in the league. These predictions turned out to be accurate.

As he headed into the Super Bowl, he had two years remaining on his rookie contract, making him eligible for an extension immediately after the game concluded. Many anticipated that the extension would surpass NFL records, with common forecasts suggesting Patrick could secure a league record-setting $200 million deal. It was expected that the contract would be at least 50% guaranteed and provide an annual average salary of $40 million.

If the notion of a $200 million contract doesn’t seem remarkably substantial, consider that Eli Manning retired around the time of the 2020 Super Bowl holding the all-time league record for career total earnings at $252 million. Eli achieved this milestone over a span of 17 years, which included multiple lucrative contracts.

Patrick Mahomes Net WorthPatrick Mahomes Net Worth

(Photo by Mark Brown/Getty Images)

$500 Million Contract

On July 6, 2020, reports emerged indicating that Patrick had signed a 10-year extension with the Chiefs valued at “over $400 million in total.” Initially, it was uncertain how much of this would be a signing bonus or how much of the remainder would be guaranteed.

Subsequently, it became known that Mahomes’ contract was worth $450 million over ten years. For perspective, at the time of signing, the NFL’s all-time earnings leader, Drew Brees, had accumulated a total of $245 million in his entire career.

Later that day, the full potential value of Mahomes’ contract was disclosed as $503 million, contingent on fulfilling the entirety of the deal. It was also clarified that the contract had $477 million in “guaranteed mechanisms,” which included $140 million guaranteed against injury. He thus became the first athlete in sports history to achieve a half-billion dollar contract.

Kansas City Royals

In August 2020, shortly after his Super Bowl victory earlier that year, it became public that alongside signing a $500 million contract, Patrick had negotiated a deal to acquire an ownership stake in the Kansas City Royals baseball team. While the specifics regarding the size of his stake remain unclear, it’s notable that the team had been purchased for just a year prior.

With a valuation of $1 billion, an ownership stake of 1% could have amounted to about $10 million for him. Up until this point in his career, Mahomes had earned a total of $13 million on the field.

Endorsements

Already in his brief NFL career, Patrick Mahomes has secured numerous endorsement deals. Among them is Hunt’s, which he obtained after expressing his affection for ketchup. Other notable sponsors include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. He also made history as the first Chiefs player featured on the cover of Madden NFL 20 and in 2022, he shared the cover of Madden NFL 22 with Tom Brady.

Personal Life

On March 12, 2022, Patrick Mahomes married his high school sweetheart, Brittany Matthews. They have two children, a boy and a girl. He proposed to Brittany on September 1, 2020, at Arrowhead Stadium, coinciding with the day he received his Super Bowl ring.

In 2019, Mahomes founded a nonprofit named “15 and the Mahomies Foundation” aimed at enhancing the lives of children.

Patrick Mahomes is also the godson of LaTroy Hawkins, a former Major League pitcher and his father’s past teammate with the Minnesota Twins.

Real Estate

In 2019, Patrick Mahomes acquired a home in Kansas City for $1.9 million and subsequently listed it for sale at just under $3 million in June 2019, selling it within days of the listing.

In early 2020, he purchased a home in Dallas for $3.4 million.

In 2021, he acquired an undeveloped lot in the prestigious Kansas City gated community of Loch Lloyd for $400,000. By 2023, construction on his ideal home was completed, featuring an expansive mansion, a large pool, a private pond, a par three golf hole, and half a football field with his personal logo and name displayed in the endzone.

 


Patrick Mahomes Net Worth (Money & Salary)

Thank you for reading this article titled: Patrick Mahomes Net Worth (Money & Salary)

The data is sourced from 2023 and 2024, with forecast data extending to 2025 and 2026. We have also expanded the forecasting to include 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


 


 
Post Title: Patrick Mahomes Net Worth (Money & Salary)
Last Updated: February 4, 2025

Similar Posts