Not a member? Other notable Whoop investors include pro athletes Kevin Durant, Eli Manning, and Larry Fitzgerald. The list of Mahomes endorsement deals is long. 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. The Packers brought the last deal to the table also, to put their cap in a better position. Chiefs quarterback Patrick Mahomes signed a 10-year contract two years ago, and since then other quarterbacks who have accomplished less than Mahomes have signed contracts that pay more money per year, with more guaranteed, and over shorter terms that will allow them to hit free agency again sooner. 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. They make their money on endorsements. He is also a great role model for young athletes. Patrick Mahomes Contract Breakdowns, Salary Cap Figures, I like this guy. Lets get our priorities straight as a nation. The Kansas City Royals, with Mahomes joining the MLB ownership group last July when the team was valued at $1 billion. Itll only make it more conspicuous, because it likely will drop Mahomes to No. David Suggs is a content producer at The Sporting News. Minnesota Vikings fans, as a prediction, believe the franchise will end up with USC WR Jordan Addison in the 2023 NFL Draft Thursday night. Thats quite an investment, and its all because of the NFL. He wants to win, and to see his teammates eat too. 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 championship rings are what lead to all that money. The comments anout Mahomes being foolish to sign a 10 year deal are hilarious. Decent. Off the field, he has over 5.6 million followers on Instagram and is known for his charitable work with organizations such as 15 and The Mahomies Foundation. If they want him to help the team he can play hard ball too. A native Texan, Mahomes worked with a franchise group to help bring Whataburger to the greater Kansas City area. Patrick Mahomes' endorsements: Complete list of Chiefs QB's deals The top 5% might get huge contracts, but what about the other 95% of the players? Patrick Mahomes has 'even more endorsement potential than Built in 1953, the mid-century house sits on a large green lot with plenty of backyard space for the dogs to play. He also recently signed an agreement to become the face of Adobe Creative Cloud. He was also the cover athlete for the Madden NFL video Take what you can get when you can get it and dont feel bad about it. 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. He was named MVP of the 2018 season before his team to a Super Bowl victory the very next year. Longevity is a big issue, attractiveness is a big issue, as is success. Individual results will always vary and yours will depend entirely on your individual capacity, work ethic, business skills and experience, level of motivation, diligence in applying the Capitalism Programs, the economy, the normal and unforeseen risks of doing business, and other factors. I dunno how you do it Patty, I would laugh at $50 mil a year. He crossed the eight-figure plateau once again in 2020 and hasn't looked back since. Chiefs fans go bonkers as Patrick Mahomes, Travis Kelce steal Best QB in the league (Top 3 on any list) and setup a team friendly deal! ", Of coors Chiefs Kingdom showed out! That is an incredibly, supremely, critically, important job. Where once teams were the main attraction, now it is the players who have the pulling power. Patrick Mahomes II Is on the 2023 TIME 100 List | TIME Mahomes seems poised to sign a record-breaking contract soon worth upwards of $200 million due to his meteoric rise. Mahomes is a natural leader who is always able to motivate his team to victory. Patrick Mahomes II (@PatrickMahomes) June 7, 2022. Mahomes is a class act just like Josh Allen. Your statement doesnt hold true. We don't know about that because an injury can derail someone's career very quickly. The couple announced the birth on Instagram with matching photos, saying their daughter, Sterling Skye Mahomes, was born at 6 pounds and 11 ounces. How much does State Farm pay Patrick Mahomes? Approximately $39.8 million per year . BioSteel, Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water and Electronic Arts. Read more: Patrick Mahomes spent some of his $503 million Chiefs mega deal buying a stake in the Kansas City Royals, becoming the youngest owner in MLB history. But Mahomes doesn't put all of his money to work, as he knows how to have a good time as well. Patrick Mahomes This site uses Akismet to reduce spam. The list of Mahomes endorsement deals is long. Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars. For those of you doing the math, that means Mahomes will be making $29.45 million in 2022. Also Read: Patrick Mahomes contract breakdown. Some of these comments are funny. His other sources of investments include endorsements and investments. But his money is long. No parade here. Not only has Patrick Mahomes achieved success on the football field, but he's also made smart investments in his career. Not to mention athletic ability. Enough money to be set, and talent to win rings. Over the years, Mahomes has kept himself away from controversies and has His performance in Kansas City's31-20 win over San Francisco 49ers were enough to earn Super Bowl 54MVP honors. Thats still a lot of money to pay for only one Super Bowl win. Patrick Mahomes' Contract Guaranteed money is getting out of control. Mahomes motivation wasnt chasing after every last dollar but to win. She is a creative thinker who aspires to be a role model for young women everywhere. 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. Murray just signed a new contract extension w/ Two YRs left on his rookie deal. Money is one thing, but when you get those Super Bowl rings, at the end of your career, I think thats going to be what you look back upon. This includes his, Mahomes charity called the 15 and the Mahomies Foundation is dedicated to improving the lives of children. When its that much money youre set for life but your legacy isnt. Our 2023 Draft Endorsement for Vikings Those are the predictions what folks think will happen. Refreshing and nice to hear from a top athlete. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. But, how? Depends on who was fixing it and what his goals are. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. Whatever Burrow or Herbert will get doesnt change that. This makes him history's youngest professional sports team owner, increasing his substantial fortune. QBs doing these cap friendly deals makes no sense because you have no idea what they will do with the saved money. At just 26 years old, the sky is the limit for Mahomes both on- and off-the-field. To be fair, this is more of a long-term play. And only getting longer. The Kansas City Chiefs quarterback owns two Missouri homes, a Texas mansion, and a vacant plot of land - all with incredible value. By signing the Chiefs' massive contract offer in 2020, Mahomes set the market for himself and others. Mahomes got named the Super Bowl MVP for a second time in the Chiefs' 38-35 win over the Eagles in Super Bowl 2023. (Photo: Courtesy of Oakley) Take a more team friendly contract so you can compete every year for a Super Bowl. Located in the heart of Kansas City, Mahomes home is in a private upscale community. 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 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. He sat behind & learned from veteran QB Alex Smith during his rookie season, taking over the starting role for his sophomore campaign. Mahomes has a deal with Bose, promoting their headphones, both in television commercials and on Instagram. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. Patrick also acquired a share in the Kansas City Royals baseball team to add to this impressive financial portfolio. 10, if hes there. He is an incredibly talented athlete who continues to make history on and off the field. Starting in 2022, Mahomes is earning an average of $45 million per year following his 10 year deal with the Chiefs. 12. There is little doubt about Mahomes' quality. How many times do we hear the sad tale of star athletes ending up broke? 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. Hunts was his first endorsement deal. The next guy is the top-paid guy, Mahomes said. He also joined the LeBron James' Rock the Vote initiative to encourage people to register and vote. As a child, he initially played college football and baseball at Texas Tech University. Outside of sports, Mahomes has also invested in the restaurant industry. Not one of you would take a pay cut so your company could be better than other companies. Annual contract extension earnings: 2022: $35,793,381 2023: $46,793,381 2024: $44,293,381 2025: His status as one of the NFL's biggest stars has made him a sought-after figure for various endorsement opportunities. Patrick Mahomes His savvy business decisions have made him an income powerhouse and will ensure that he will continue accumulating wealth for many years. 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. Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. Your login session has expired. Mahomes has also been a sharp investor since entering the NFL, investing in several companies, including wearable-technology company Whoop in 2020. Patrick Mahomes net worth: How much money did the Chiefs QB As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field. While Manning is still earning in retirement, Mahomes is part of a new generation of quarterbacks. Brown is clearly about maximum dollars and that is fine. He hosts a podcast with Bryant McKinnie, which airs every Wednesday with Raun Sawh and Sal Spice. Patrick Mahomes said NO to massive endorsement deals early on in his career. He is a hard worker who is always willing to put in the extra effort. 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. Bad advice? Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe His hydration is sponsored by Essentia water. Patrick Mahomes II (@PatrickMahomes) March 24, 2021. Add to that investments in the KC Royals, Sporting KC (soccer) and his Whataburger investments. Patrick Mahomes may become the NFL's first $200 million How much has the Chiefs quarterback made over his career? Mahomes was voted NFL MVP in 2018 his second pro season and first year as a starter and followed that up in the 2019 season with a miraculous Super Bowl run in which he earned MVP honors for the big game. All these pro golfers you see now selling their souls to LIV are going to learn that the hard way. Register now! 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). Mahomes grew up in an upper middle class stable family which says it all about his attitude on life in general. Two athletes who are billionaires. Oakley Signs NFL Superstar Patrick Mahomes To Endorsement With one voice, we recommend the Vikings obtain whichever quarterback they enamor from this draft now, enabling Quarterback X to watch and learn for a season and take the reins in 2024. These include partnerships with Adidas, Bose, Electronic Arts, Oakley, and BioSteel. 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. The money leagues and athletes make is obscene, but I aint mad about it. His wealth will only grow as he continues to leverage his success and enter into more lucrative deals. Our society is out of whack. This is a reasonable mindset. Stroud. Kansas City Chiefs quarterback Patrick Mahomes is one of the highest-paid athletes on the planet and hes worth every penny. Look at Michael Jordan and LeBron James. The quarterback further enhanced his blossoming reputation by steering the Kansas City Chiefs to the franchise'sfirst Super Bowl title in 50 years. "They like to watch the best in the world, which explains why the Premier League ratings are so much higher than our own MLS. Mahomes is set for a pay increase in 2021 to $22.8 million in total cash but it's not until 2022, that the extension takes place. If he hits all his incentives, then he can earn up to $502.63 million. Overall, Mahomes' investment portfolio is diverse and covers multiple industries. His Vikings obsession dates back to 1996. Eckardt says Mazi Smith (Michigan); Baker predicts Bryan Bresee (Clemson). If anything it was a bit foolish on Mahomes part to sign for a full 10 years when the QB market will look completely radically different than it does today 5-7 years from now (go back look at how much less QBs were making it 2014-2016 compared to today) which is why id bet my house that Mahomes starts chirpping and ends up holding out demanding a new deal at some point 5-6-7 years from now before the life of his contract ends when QBs are making $30 million dollars more per year on average than he is 6-7 years from now. Mahomes has to be making a gargantuan amount of money from commercials and endorsement deals, I dont think hes too concerned about the contract he signed. Stroud. This is the most lucrative sports contract, earning Mahomes significant income. All while creating the kind of wealth that changes lives. Here's the breakdown for Mahomes' contract: Mahomes is set to receive a roster bonus of $27.4 million in 2022. He was also the first Chiefs player to be on the cover of Madden NFL 20. Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. Mac Jones Earns Rare Praise From Patriots Legend Drew Bledsoe And thats a very Vikings-like paradox to contemplate. Haha usually its all about wont win any more with that huge contract or in cap heII blah blah blah, Now its he was stupid to sign for so little. In a position of stars, Mahomes may be the NFL's biggest. 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? Well, yes and no. That doesn't include $2.5 million a year in incentives ($1.25 million for NFL MVP and Super MVP honors, respectively). Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. The party never ends. Jake Paul's Net Worth: How He Built a Social Media Empire and a Net Worth to Match, Cristiano Ronaldos Net Worth: How He Used Talent, Discipline, and Business Acumen to Achieve Financial Freedom, Kevin Costner's Net Worth: Beyond the Silver Screen, How His Business Ventures Contributed to His Net Worth, Uncovering Master Ps Net Worth and Most Lucrative Business Ventures, Travis Scotts Net Worth: How He Turned a Love for Music into a Multi-Million Dollar Business. 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. In a year, Patrick Mahomes is estimated to make around $39.8 million. Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! Exclusive: Millie Bobby Brown and Patrick Mahones pause for Sports Illustrated Sportsperson of the Year (2020). His flowing hair and distinct voice can be found on numerous billboards, print ads and television spots. 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. Patrick Mahomes signed the richest deal in NFL history here's "Pat Mahomes is likeable," he added. Three-year cash flow for quarterbacks reveals how badly Patrick 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. Sports business reporter Darren Rovell tweeted out the news. Below is his year-by-year cash breakdown beginning with the 2022 season; it includes base salary, roster bonuses and workout bonuses but not incentives or signing bonuses. That list currently includes Lebron James, Tiger Woods, Floyd Mayweather, Cristiano Ronaldo, Lionel Messi, and Roger Federer. His endorsement earnings are estimated to be around $7 million. The deal is set to earn him $45 million annually and if the contract is seen through till the end, Mahomes can earn upto $503 million. Alongside Deshaun Watson and reigning MVP Lamar Jackson, he is a superstar who will attract sponsors, not just with his play on the field but also his personality. Learn how your comment data is processed. Just because an argument is old doesnt mean its wrong. His investments reflect an understanding of the sports and business worlds, which should continue serving him well. Patrick Mahomes His name has become synonymous with athletes worldwide, with endorsement deals, investments, and public appearances. Good dude right there. The Chiefs quarterback Patrick Mahomes is one of the most popular athletes to have numerous sponsorships backing him. "I would compare him to Peyton Manning, though. It's hard to believe that Patrick Mahomes was an unheralded college football player at Texas Tech University just a few years ago. HUge $, the guys focused on best AAV will in all likelihood win zero SBs(or maybe one), starting with Aaron Dak, Deshaun and Kyler. His endorsement deals have earned him millions of dollars and international recognition. Copyright 2023 Sporting News Holdings Limited. Smart kid. He has also joined with the likes of Kevin Durant, Eli Manning and Rory McIlroy to invest in a tech unicorn called Whoop. Patrick Mahomes, who earns $76 per minute, once turned down In addition to the money he makes on the field, Mahomes also has several impressive endorsement deals with high-profile brands. All statistics provided by Pro Football Reference / Stathead; all contractual information provided by OverTheCap.com. The two-time all-ACC receiver "Star power drives almost everything people will go out and watch really poor teams, so long as there are one or two great stars. 27th ANNUAL WEBBY AWARD WINNERS ANNOUNCED | The Adding more than $20 million through endorsements to his ~$50 million in annual NFL earnings is certainly nice, but the bigger impact will come from investing. Best QB in the league (Top 3 on any list) and setup a team friendly deal! Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! After 2021, the deal becomes backloaded in anticipation of an increased NFL salary cap. BioSteel Sports Nutrition Inc. Signs Multiyear Deal with Super On top of that, he already has an Mahomes invested in Whataburger, the popular Tex-Mex fast food chain, to round out his portfolio. Mahomes has a great attitude and comments like these are why he is beloved in Kansas City. Its the oldest tale: Rube gets duped. Take what you can get when you can get it and dont feel bad about it.. Patrick Mahomes' Endorsement Gives Him Access to a Patrick Mahomes is an example of a young, successful individual who has built his fortune through hard work and dedication. And how much is he due to make in 2022? Have a great day, and well talk tomorrow. years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. s Take: Comparing Patrick Mahomes and Josh The big payday at such a young age Mahomes doesn't turn 26 until September has enabled Mahomes to be more aggressive on the investing front. Kansas City Chiefs star quarterback Patrick Mahomes has reportedly signed a major endorsement deal with the company. The deal is eye-popping. WebNew York, August 4 th, 2020 BioSteel Sports Nutrition Inc. today announced a momentous partnership between the sports nutrition company and Patrick Mahomes, the new face of the NFL and entrepreneur, as he joins the companys roster of elite athletes as a partner. This makes Mahomes one of the highest-paid quarterbacks in history for a rookie deal with the Chiefs. Patrick Mahomes Adds to His Growing Endorsement List - Talk 1340 His investments, endorsements, and NFL contracts have earned him millions of dollars and established his name among the world's top athletes. Players got paid well, but there were certainly not any $500 million contracts being handed out. Mahomes charity called the 15 and the Mahomies Foundation is dedicated to improving the lives of children. Mahomes is also featuring on the cover of Madden NFL 22 along with Tom Brady. As a popular and accomplished athlete, Patrick Mahomes also has a second and lucrative stream of income: endorsements. That's chump change for an NFL franchise, right? His portfolio includes various businesses, sports teams, and products. 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. In addition to being a strategic partner and investor, Mahomes has become the brand's official spokesperson. Patrick Yet, the Chiefs' starter earned $1.2 million and $2 million in those two season, respectively. He signed a contract extension worth up to Super Bowl Win May Bring Mahomes $7 Million Endorsement Bump Stroud. Hell sign for another 10 years when hes 32! He is locked up where he wants to be for 10 years. We probably cant help you much, but well cheer from the sidelines. nyctraffic says: Those are sort of the four biggest variables for endorsement success, in my opinion.