Patrick Mahomes Net Worth

Patrick Mahomes is an American professional footballer who has an estimated wealth of over $90 million as well as an annual salary of $40 million. Patrick Mahomes played quarterback for Texas Tech before being drafted as the 10th choice in the initial stage of 2017’s NFL Draft by the Kansas City Chiefs. He is now one of the top-paid athletes around the globe. In the year 2020, Patrick led the Chiefs to their first Super Bowl win since 1969. Patrick led the team to a second Super Bowl win in 2023.

Early Life

Patrick Lavon Mahomes II was born in Tyler, Texas, on September 17th, 1995 married to MLB pitcher Pat Mahomes and Randi Martin. He was a the position of quarterback for Whitehouse High School, where he also played baseball as well as basketball. As a senior player on the team for football, he was able to throw for 4 619 yards, and scored 50 touchdowns, to add to 948 rushing yards as well as 15 touchdowns rushing. On the baseball field, he pitched the no-hitter, which included 16 strikeouts. He believes that pitching and playing basketball has helped him develop as a player over the years. Patrick was ranked as the 12th best dual threat quarterback in his class when he was three-star recruit. He was offered by Texas Tech, Rice, and Houston. He was picked for the Detroit Tigers in the 37th round of the 2014 MLB Draft but did not sign a contract because the team decided to concentrate exclusively on the game of football.

Mahomes played for the college team during his time at Texas Tech, where he was named second-team All-Big-12 in the year 2016. He also set NCAA records for single game yards passing at 734 and single-game yards total offense of 819 during the exact same match against Oklahoma. In his junior season the team was ranked among the entire NCAA Division I FBS players with 5,052 passing yards as well as 53 touchdowns in total. The team was named his team’s Sammy Baugh Trophy winner in 2016.

Patrick Mahomes Net Worth Growth

NFL Career

The 2017 NFL Draft, the Kansas City Chiefs picked Patrick Mahomes with the 10th overall selection in the initial round, after trading up from their initial 27th spot. He started his rookie year as a backup to Alex Smith and was named the team’s starter in the 2018 season. Smith established NFL records for the most touchdown passes in the first three games of his career as well as the highest number of touchdown passes that were thrown during both games in the season’s first. He also had the highest number of touchdown passes made during all three of the games in a season and was the first quarterback to throw six touchdowns during a game. He was the first quarterback who threw for more than 5,000 yards over the course of a season, both in professional and college. He became a part of Peyton Manning as the only players in NFL history to throw 50 touchdowns and 5000 yards in one season. Mahomes received the honor of being named NFL Offensive Player of the year and NFL MVP and was selected as the All-Pro First Team All-Pro and then selected for the Pro Bowl.

In the month of January, 2020 Patrick along with the Chiefs were victorious in their first AFC Championship, which sent the team on to Super Bowl LIV, the team’s first Super Bowl appearance in 50 years. He was named “Sports People’s Illustrated Sportsperson of The Year of the Year.” It was the time that Kansas City Chiefs defeated the San Francisco 49ers 31-20, and Patrick Mahomes was named the Super Bowl MVP, the second black quarterback, and the youngest overall to be awarded the prize. Mahomes is the third black player to win the Super Bowl.

In 2021 they Kansas City Chiefs made it back to the Super Bowl but lost to Tom Brady and the Tampa Bay Buccaneers 31-9. Mahomes throw for 270 yards and two interceptions during the first double-digit loss in the NFL career. After the game, three days later, Patrick underwent surgery to fix a turf injury that he sustained in his Divisional Round game against the Cleveland Browns.

Patrick Mahomes set the NFL record for the highest yards total a quarterback can accumulate during a single season in 2022 with 5,608 yards and overtook his own Chiefs record for franchise passing yards during a season with 5,250. The Chiefs beat their opponents the Cincinnati Bengals in the AFC Championship game to reach their 3rd Super Bowl in four seasons.

Salary and Contracts

In 2017, the year he first became a member of the NFL, Patrick signed a four-year contract with the Chiefs which was worth $16.2 million. The deal was fully guaranteed and included the possibility of a signing bonus of $10 million. After proving he was a star, a lot of NFL analyst predicted that Patrick’s contract would be different from anything the league had ever had. These predictions proved extremely, very accurate.

In the Super Bowl, he had two years of his rookie contract remaining. He was eligible to extend his contract after the Super Bowl ended. Many predicted that the extension would smash NFL records. It was widely believed it was that Patrick will sign an record for the league, which would be $20 million. The contract was anticipated to be at minimum 50% guaranteed and include a minimum of 40 million in the average annual salary.

If you believe that $200 million might not be a lot take note of the time Eli Manning retired at the time of the 2021 Super Bowl, he retired with a record-setting league the total amount of his career earnings, which was $252 million. Eli was able to earn that record-setting sum over a span of 17 years and on numerous contracts with huge amounts of money.

$500,000 Million Agreement

In July of 2020 it was announced that Patrick has signed a 10-year extension with the Chiefs which was valued at “over $400 million”. It was not clear at first what amount would be an award for signing, or what percentage of the remaining amount would be assured.

It was later announced that Patrick’s contract was worth $450 million over the course of ten years. For context when his contract was signed the NFL’s top money earner of all time, Drew Brees was making an estimated $245 million over the course of his entire career.

Later that day, the total worth of Mahomes contract was disclosed to be $503 million in the event that it goes all the way to close. It was also confirmed that the contract contains $477 million of “guaranteed mechanisms,”” one of them being $140 million, which was protected against injuries. This is his first time being one of the first half billion-dollar athlete in the history of sports..

Kansas City Royals

In August 2020, following the Super Bowl win earlier in the year, it was discovered that, in the midst of signing a deal worth $500 million, Patrick had also reached an agreement to purchase an equity stake in the Kansas City Royals baseball team. It’s not clear how much of a stake Mahomes bought, but one year prior the team was bought at a price of $1 billion. So the one percent ownership stake could have cost him around 10 million. To the point at which he was in his career Mahomes had earned an average of $13 million in the field.

Endorsements

Patrick Mahomes has received many endorsement deals in his brief NFL career such as Hunt’s following his revelation of his love of Ketchup. Others sponsors are Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders as well as Helzberg Diamonds. He was the cover-athlete of Madden NFL 20, the first Chiefs player to appear in the game’s history. The following year He was featured on the front cover of Madden NFL 22 with Tom Brady.

My Life

Patrick Mahomes married his high school sweetheart, Brittany Matthews, on March 12, 2022. Their couple is blessed with two kids together two girls and an infant boy. The couple got engaged to Brittany on September 1, 2020 at Arrowhead Stadium, the same day that he got the Super Bowl ring.

Mahomes founded a non-profit named”The “15 as well as the Mahomies Foundation” in the year 2019 to enhance life of kids.

Patrick Mahomes is the godson of the former Major League pitcher LaTroy Hawkins who was who was his dad’s teammate in his team, the Minnesota Twins.

Real Estate

In the year 2019, Patrick paid $1.9 million for a house located in Kansas City. The home was listed to sell for just less than 3 million on June of 2019. The property was sold within a couple of days of listing.

In the early part of 2020, Patrick was able to pay $3.4 million for a house in Dallas.

The year 2021 was the time Patrick purchased a property for $400,000 that was undeveloped property located in Loch Lloyd, an exclusive Kansas City gated community of Loch Lloyd. In 2023, the construction on his dream house was completed, with a sprawling mansion, a huge pool, private pond an 18-hole golf course and a half-football field that has Patrick’s personal logo and name engraved on the field’s endzone.

Disclaimer: The net worth figures displayed on this website are estimations based on various sources available to the public. These figures may not be completely accurate as they are derived from a range of online resources, financial reports, and estimates. The actual net worth of celebrities can fluctuate due to various factors including but not limited to new business ventures, investments, market conditions, and personal expenses.