Patrick Mahomes Net Worth (Money & Salary)

What is Patrick Mahomes’ net worth and salary?

With a net worth of $90 million and a salary of $40 million, Patrick Mahomes is a prominent American football player. He played quarterback for Texas Tech before the Kansas City Chiefs selected him as the 10th overall pick in the first round of the 2017 NFL Draft. Currently, he ranks among the highest-paid athletes globally. Notably, in 2020, he guided the Chiefs to their first Super Bowl victory since 1969, followed by another 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. During his time at Whitehouse High School, he not only played football but also baseball and basketball. In his senior season, he achieved 4,619 passing yards and 50 touchdown passes, alongside 948 rushing yards and 15 rushing touchdowns. Additionally, he pitched a no-hitter in baseball with 16 strikeouts. He attributes his development as a quarterback to the skills gained from pitching and playing basketball. As a three-star recruit, he was rated as the 12th best dual-threat quarterback in his class and received offers from Texas Tech, Rice, and Houston. Although selected by the Detroit Tigers in the 37th round of the 2014 MLB Draft, he chose to concentrate on football instead of signing.

At Texas Tech, Mahomes was named Second-team All-Big 12 in 2016 and set NCAA records for passing yards in a single game with 734 and total offense in a single game with 819 in a match 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.

NFL Career

Selected 10th overall in the 2017 NFL Draft, Patrick Mahomes was picked by the Kansas City Chiefs after they traded up from the 27th overall spot. During his rookie season, he served as the backup to Alex Smith and became the starting quarterback in 2018. He set numerous NFL records, including the most touchdown passes in the first three career games, the most in the first two games of a season, the most in the first three games of a season, and was the youngest quarterback to throw six touchdowns in a game. Mahomes made history as the only quarterback to pass for 5,000 yards in both college and professional leagues and joined Peyton Manning as the only players to achieve 50 touchdowns and 5,000 yards in a single NFL season. His remarkable season earned him the titles of NFL Offensive Player of the Year, NFL MVP, a First Team All-Pro selection, and a Pro Bowl invitation.

After winning the AFC Championship in January 2020, Patrick and the Chiefs advanced to Super Bowl LIV, marking their first Super Bowl appearance in 50 years. He was named the “Sports Illustrated Sportsperson of the Year” following the Chiefs’ 31-20 victory over the San Francisco 49ers in which he was also selected as the Super Bowl MVP, making him the youngest and second Black quarterback to win the award and the third overall in Super Bowl history.

The Kansas City Chiefs returned to the Super Bowl in 2021, but they were defeated by Tom Brady and the Tampa Bay Buccaneers with a score of 31-9. In this game, Mahomes recorded 270 yards and two interceptions, leading to his first double-digit loss in the NFL. Following this game, he underwent surgery to correct a turf toe injury sustained during the Divisional Round against the Cleveland Browns.

In 2022, Mahomes set the NFL record for the most total yards by a quarterback in a season, accumulating 5,608 yards, and surpassed his Chiefs’ franchise record with 5,250 passing yards in a season. The Chiefs triumphed over the Cincinnati Bengals in the AFC Championship game, securing their third Super Bowl appearance in four years.

Salary and Contracts

Upon joining the NFL in 2017, Patrick signed a four-year, $16.2 million deal with the Chiefs. This contract was fully guaranteed and included a $10 million signing bonus. As he proved himself as a standout player, predictions from NFL analysts indicated that his next contract would set unprecedented records in the league, which turned out to be accurate.

As he approached the Super Bowl, he had two years remaining on his rookie contract, becoming eligible for an extension immediately afterward. There was widespread belief that this extension would break existing NFL records, with common predictions suggesting a $200 million deal, featuring at least 50% guaranteed money and an average salary of $40 million per year.

It’s important to note that $200 million is a significant figure, especially considering Eli Manning’s total career earnings of $252 million when he retired around the 2020 Super Bowl, a record achieved over 17 years through multiple high-value contracts.

$500 Million Contract

On July 6, 2020, news broke that Patrick had signed a 10-year extension with the Chiefs valued at “over $400 million in total.” Initially, the specifics regarding the signing bonus and guarantees were not disclosed.

Subsequently, it was revealed that the value of Patrick’s deal amounted to $450 million for ten years. To give some context, at the time of his contract signing, Drew Brees was the NFL’s all-time earnings leader with a total of $245 million from his career.

Later in the day, it became clear that Mahomes’ contract could potentially reach $503 million if he fulfilled the entire term. Additionally, it was established that his contract includes $477 million in “guaranteed mechanisms,” with $140 million being fully guaranteed.

against injury. In the realm of sports history, he has become the very first half-billion dollar athlete.

Kansas City Royals

Following his Super Bowl victory earlier in 2020, it was disclosed in August of the same year that Patrick not only inked a $500 million contract but also secured an ownership share in the Kansas City Royals baseball team. The exact percentage of ownership he acquired remains uncertain; however, a year prior, the team was bought for $1 billion, implying that a 1% stake would approximately cost him $10 million. Until that moment in his career, Mahomes had accumulated a total of $13 million in earnings on the field.

Endorsements

In his relatively brief NFL career, Patrick Mahomes has garnered numerous endorsement deals, including one with Hunt’s, which arose after he expressed his fondness for ketchup. Other sponsors include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. He became the first Chiefs player to grace the cover of Madden NFL 20 and later shared the cover of Madden NFL 22 with Tom Brady two years afterward.

Personal Life

On March 12, 2022, Patrick Mahomes tied the knot with his high school sweetheart, Brittany Matthews. The couple is blessed with two children, a daughter, and a son. He proposed to Brittany on September 1, 2020, at Arrowhead Stadium, coinciding with the day he received his Super Bowl ring.

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

Patrick Mahomes is 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 purchased a residence in Kansas City for $1.9 million, which he listed for sale at just under $3 million in June of that year. The home sold within days of being on the market.

Early in 2020, he bought a Dallas home for $3.4 million.

In 2021, Patrick acquired an undeveloped lot in the exclusive gated community of Loch Lloyd in Kansas City for $400,000. By 2023, his dream home was completed, featuring a lavish mansion, an oversized pool, a private pond, a par three golf hole, and a half-football field, with his personal logo and name displayed in the end zone.