Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City. So glad youll be able to feed your family. Jackson Mahomes (Patrick Mahomes Brother) Net Worth 2023: Salary, Brand Endorsements, House and Property, Car Collection, etc Jackson Mahomes has his own clothing brand named as fanjoy.co By Fatima Farheen March 30, 2023 Jackson Mahomes, the popular TikTok, hails from the United States. His success on the field earned him a 10-year, $450 million contract extension with the Chiefs in 2020. Had he taken a few more million up front, it might have ended up costing him a billion. 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? If a team wants any player bad enough, they can work a deal to stay under the cap. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. KANSAS CITY, Mo. Annual contract extension earnings: 2022: $35,793,381 2023: $46,793,381 2024: $44,293,381 2025: Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades. They make their money on endorsements. But, how? At just 27 years old, he has established himself as one of the most successful quarterbacks in NFL history. In fact, aside from his 4,343 square foot home, Mahomes also has other properties to his name including a $350,000 condo, a $400,000 vacant lot in Belton, and a $3.37 million home in Texas. 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. Sports business reporter Darren Rovell tweeted out the news. We probably cant help you much, but well cheer from the sidelines. He also has a signing bonus of $2,000,000 due to him over the course of the season, according to Spotrac. Best QB in the league (Top 3 on any list) and setup a team friendly deal! Mahomes motivation wasnt chasing after every last dollar but to win. 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. His endorsement deals have earned him millions of dollars and international recognition. -- Chiefs quarterback Patrick Mahomes, who recently declared his love for ketchup on such foods as steak and macaroni and cheese, has an How much is Patrick Mahomes Net Worth in 2023. pic.twitter.com/MrsHAldn51. When I signed my deal, I knew I was going to be pretty set for life, regardless of what the market kind of happens, Mahomes said. Professional Football, Endorsements, Investmen. "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. Now, though, we have in this batch of new quarterbacks, probably the most exciting bunch we've possibly ever seen. 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. Ask Kansas City Chiefs fans if the Patrick Mahomes trade pricetag was worth it. Mahomes seems poised to sign a record-breaking contract soon worth upwards of $200 million due to his meteoric rise. He should be a top 3 paid athlete in all sports. Patrick Mahomes is an example of a young, successful individual who has built his fortune through hard work and dedication. Also Read: Patrick Mahomes contract breakdown. He is a qb if at some point he wants out he can get out, if salaries get insane he can renegotiate. To be fair, this is more of a long-term play. Also I think people need to remember that when the Chiefs to open up some cap space, they will look to Mahomes first because he has the highest salary to restructure. A. Disney paid $5 million when he said "I'm going to Disney World!" Mahomes enjoyed some fun in the sun at Formula 1's Miami GP earlier this summer. 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. To date, Mahomes has made just $24.545 million from his NFL earnings. Im a customer, and you should be too. That is an incredibly, supremely, critically, important job. 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. He also has a home in Texas bought before his extension and a $1.75 million home in Kansas City, which he shares with fiancee Brittany Matthews. Since joining the Chiefs, his career has flourished as he led them to win Super Bowl LIV, the first in 50 years. The same day he bought an ownership stake in the MLB team, he also bought a Ferrari 812 Superfast which starts at $338,000. Wed love YOU to be one of them. His net worth looks poised to explode in the coming few years, especially as his business interests grow more varied. These include partnerships with Adidas, Bose, Electronic Arts, Oakley, and BioSteel. ===========. Great attitude. To date, Mahomes has reeled in about $47.5 million, per Spotrac. 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. The two Super Bowl champs made a surprise I dont understand why more players dont have this attitude. But you just keep playing. And VTs Janik Eckardt + Dustin Baker individually foresee the team ending up with a defensive tackle after a trade out of the 23rd pick. Mahomes was ranked 10th in the 2017 NFL Draft and is expected to be a cornerstone of the franchise for years. He's paid as such, too. He also owns various businesses and investments, contributing to his net worth. Not to mention athletic ability. Patrick Mahomes rise to prominence is well documented. Minnesota Vikings fans, as a prediction, believe the franchise will end up with USC WR Jordan Addison in the 2023 NFL Draft Thursday night. Patrick Mahomes has 'even more endorsement potential than Peyton Manning,' expert says. Dorine Otinga is a copywriter with over 6 years of experience crafting content that engages and inspires her readers. "We can thank 15 or 20 years of fantasy football for that. Those are sort of the four biggest variables for endorsement success, in my opinion. Take a look at those numbers. With all due respect to the others, Mahomes should be at the very top of the list. Here is a breakdown of all of his contracts, courtesy of Spotrac: Per CelebrityNetWorth.com, Patrick Mahomes net worth is $40 million. Tom Pennington, Getty Images. She is a creative thinker who aspires to be a role model for young women everywhere. This is the most lucrative sports contract, earning Mahomes significant income. He is a hard worker who is always willing to put in the extra effort. "They like to watch the best in the world, which explains why the Premier League ratings are so much higher than our own MLS. Pure greed. Mahomes would be just as happy with a million a year as he would with 30 million. They raced to get a deal done with Rodgers before Mahomes massive deal. My guess? Bring it on, haters! But his money is long. The Texas-born hurler is still a young buck compared to some of the league's biggest names like Tom Brady and Aaron Rodgers. Thats reason #102,041 us Kansas City Chiefs fans love Mahomes! Interesting note: Patrick Mahomes fiance Brittany Matthews also owns an equity stake in the Kansas City National Womens Soccer League, which, at low 7-figure valuations currently, might eventually provide even more upside than the KC Royals. He even has more endorsement potential than Manning, who is one of the most likeable and also one of the highest-grossing celebrity endorsers ever. We don't know about that because an injury can derail someone's career very quickly. His 10 year extension was when he still had two years left on his rookie deal! In 2020, Kansas City committed to Mahomes with the biggest contract in NFL history. QBs doing these cap friendly deals makes no sense because you have no idea what they will do with the saved money. A shorter term contract would have allowed him to adjust for that, even if taking a team friendly deal. Teams can also make millions of dollars despite not winning for decades, just so long as the star power is there. Please. Patrick Mahomes said NO to massive endorsement deals early on in his career. Just because an argument is old doesnt mean its wrong. We don't care where it comes from if it's high quality, we will watch it.". 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. Patrick Mahomes may become the NFL's first $200 million After a trip to Disney World and an open-top bus parade to celebrate the team's success, Mahomes now finds himself playing a waiting game as he looks ahead to the offseason. Longevity is a big issue, attractiveness is a big issue, as is success. I get it, these are your top world athletes where competition to be the best at everything is in their DNA, on the field, off the field, playing a round of golf, and contracts in this case. Here is the official VikingsTerritory endorsement: Trade into the Top 10 for Ohio State quarterback C.J. This site requires JavaScript to run correctly. 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. years from now hes going to want his contract adjusted to reflect the going rate for a starting QB. He wants to win. Sign here and you are set for life. Uh I dont know if I can do that because other guy might get more than me in a few years.. Patrick Mahomes net worth: How much money does Chiefs QB make in 2022. Mahomes literally took a stack of millions and burned it. Subscribe to his daily YouTube Channel, VikesNow. That he did so with the hometown Royals also showed his commitment to Kansas City. How much money do you need? Patrick Mahomes only needs a new deal if Patrick Mahomes decides he needs one. Earnings and income representations made by Capitalism.com, Freedom Fastlane, Wine with Wyan, Million Dollar Brands, The Backroom, The One Percent, and 8-Figure Exits (collectively "Capitalism.com Programs") are aspirational statements only of your earnings potential. He wants to win, and to see his teammates eat too. Patrick Mahomes and Travis Kelce stole the show at the 2023 NFL Draft, and Kansas City Chiefs fans loved it. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. That doesn't include $2.5 million a year in incentives ($1.25 million for NFL MVP and Super MVP honors, respectively). 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. That is called being satisfied and appreciating what you have . It sounds crazy to say they got a bargain paying a guy half a billion dollars. That was a trash contract from jump. Thats still a lot of money to pay for only one Super Bowl win. The price will be lucrative. 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. But Mahomes says hes not concerned. An estimated $20 million Patrick Mahomes earned in endorsements in 2022 was second only to Tom Brady. The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. Read more: Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more. Now, not so much. On top of that, he already has an Starting in 2022, Mahomes is earning an average of $45 million per year following his 10 year deal with the Chiefs. "It's all about what we call 'star power' in the sports marketing world," he said. "Pat Mahomes is likeable," he added. His performance in Kansas City's31-20 win over San Francisco 49ers were enough to earn Super Bowl 54MVP honors. No one cheers for us to be #1. Kansas City Chiefs star quarterback Patrick Mahomes has reportedly signed a major endorsement deal with the company. His investments reflect an understanding of the sports and business worlds, which should continue serving him well. Patrick Mahomes is an American football quarterback who plays in the National Football League (NFL) for the team of Kansas City Chiefs. Patrick Mahomes found a way around the NFL's beer endorsement rule and it's for a good cause, too. You cant beat that. That's priceless. That means we will be talking about Mahomes and that ridiculous contract for a long time. Hell sign for another 10 years when hes 32! The NFL was a much smaller business in the 80s and 90s. The next guy is the top-paid guy, Mahomes said. Here's the breakdown for Mahomes' contract: Mahomes is set to receive a roster bonus of $27.4 million in 2022. 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, And thats a very Vikings-like paradox to contemplate. Does anyone think the Chiefs would take a hard stance about re-working his deal??? Take a more team friendly contract so you can compete every year for a Super Bowl. For starters, Mahomes' base salary is just $1,500,000 in 2022, according to Spotrac. He has been featured in several commercials for various products, including for Microsoft's Surface Pro tablet and the video game Madden NFL 20. "I'm Patrick Mahomes and I eat at Subway Kansas City", "Oh, the player that isn't good enough to start sponsors Subway and buys his cars at Jimbob's Ford dealership, maybe I'll see where the starters do their thing". I feel like those hating on Mahomes just glossed over the article or skipped it all together. Itll only make it more conspicuous, because it likely will drop Mahomes to No. Not one of you would take a pay cut so your company could be better than other companies. Your set for life, but set up your whole family and future family. Thats a good description of why Mahomes left a lot of money on the table when he agreed to a 10-year contract with the Chiefs, rather than signing a shorter deal that would allow him to become a free agent again during his prime. Lets say a citys power grid needs to be turned on every day, and this involves simply turning a switch from left to right at 6 in the morning. Well, yes and no. It doesn't look as if the Chiefs are going anywhere anytime soon, either. He's an effervescent presence on the field, making the type of daring throws that hold fans' breaths for hostage. In 2023 he is also earning a roster bonus of $34,400,000 and a workout bonus of $550,000, while carrying a cap hit of $46,793,381 and a dead cap value of $94,880,143. If he hits all his incentives, then he can earn up to $502.63 million. But how did he make his money? Look for another 2-3 years on current and then 75M$ a year to go with Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes, age 27, is an existing Essentia ambassador. Mahomes is also a part-owner of Kansas City's first Whataburger restaurant and the Kansas City-based Big Slick Celebrity Weekend fundraising event. July 23, 2022 at 11:13 am Per Spotrac, Mahomes is set to make $10.825 million in 2020: $825,000 in base salary and a $10 million signing bonus. Our society is out of whack. Mahomes has already made equity investments in several businesses, most surrounding sports, entertainment, and health & wellness.