Patrick Mahomes Net Worth (Money & Salary)

What is Patrick Mahomes’ net worth and salary?

An American professional football player, Patrick Mahomes boasts a net worth of $90 million alongside a $40 million salary. Before being drafted as the 10th overall pick in the first round of the 2017 NFL Draft by the Kansas City Chiefs, he played quarterback for Texas Tech. Today, he ranks among the highest-paid athletes globally. In 2020, Mahomes guided the Chiefs to their first Super Bowl victory since 1969 and achieved 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. He excelled as a quarterback at Whitehouse High School, where he also participated in baseball and basketball. During his senior year in football, he recorded 4,619 passing yards and threw 50 touchdown passes, accumulating 948 rushing yards and 15 rushing touchdowns. In baseball, he achieved a no-hitter, striking out 16 batters. He attributes his pitching and basketball experiences to his development as a quarterback over the years. As a three-star recruit, Patrick was ranked the 12th-best dual-threat quarterback in his class. He received offers from Texas Tech, Rice, and Houston. Although drafted by the Detroit Tigers in the 37th round of the 2014 MLB Draft, he chose not to sign and instead focused on football.

While attending Texas Tech, Mahomes garnered a Second-team All-Big 12 selection in 2016. He set NCAA records in a single game against Oklahoma with 734 passing yards and a total offense of 819 yards. 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 winner title in 2016.

NFL Career

In the 2017 NFL Draft, Patrick Mahomes was selected by the Kansas City Chiefs as the 10th overall pick after they traded up from their original position of 27th. He spent his rookie season backing up Alex Smith before being named the starter in 2018. Setting multiple NFL records, Mahomes became the player with the most touchdown passes through the initial three career games, the most in the first two games of a season, and the first three games of a season. He also became the youngest quarterback to throw six touchdowns in a single game. Mahomes is distinguished as the only quarterback to have thrown for 5,000 yards in both college and professional football, joining Peyton Manning as the sole players in NFL history to throw for 50 touchdowns and gain 5,000 yards in one season. He was honored as the NFL Offensive Player of the Year, NFL MVP, and selected for the First Team All-Pro, receiving a Pro Bowl invitation.

In January 2020, Mahomes led the Chiefs to victory in the AFC Championship, earning a spot in Super Bowl LIV, the franchise’s first Super Bowl appearance in half a century. He was recognized as the “Sports Illustrated Sportsperson of the Year.” The Chiefs triumphed over the San Francisco 49ers with a score of 31-20, and Mahomes was named Super Bowl MVP, making him the second black quarterback and the youngest overall to win 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 loss against Tom Brady and the Tampa Bay Buccaneers with a score of 31-9. In that game, Mahomes recorded 270 passing yards and two interceptions, marking the first double-digit defeat of his NFL career. Three days post-game, Patrick underwent surgery to address a turf toe injury incurred during the Divisional Round match against the Cleveland Browns.

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

Salary and Contracts

Patrick signed a four-year contract worth $16.2 million with the Chiefs in 2017, upon entering the NFL. This contract was fully guaranteed and included a $10 million signing bonus. Following his emergence as a superstar, countless NFL analysts speculated that Patrick’s subsequent contract would be unprecedented in the league’s history. Those speculations turned out to be remarkably accurate.

As he entered the Super Bowl, two years of his rookie contract were left. The moment the Super Bowl concluded, he became eligible for an extension. Many anticipated that the extension would break NFL records, with the common prediction being that Patrick would secure a league-record $200 million deal. This contract was expected to feature at least 50% guaranteed money and an average salary of $40 million per year.

If the $200 million figure appears less than astronomical, consider that when Eli Manning retired around the time of the 2020 Super Bowl, he did so with a record $252 million in total career earnings. Eli achieved that notable figure over 17 years through several substantial 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, it was uncertain how much would be included as a signing bonus and the amount that would be guaranteed.

Subsequently, reports indicated that Patrick’s deal was worth $450 million over ten years. To put this in context, at the time of signing, the top earning player in NFL history, Drew Brees, had accumulated $245 million throughout his career.

Later that day, it was disclosed that the total potential value of Mahomes’ contract could reach $503 million if fulfilled to the end. It was also clarified that the deal comprises $477 million in “guaranteed mechanisms,” with $140 million being fully guaranteed against injury. Thus, he became the first athlete in sports history to secure a half-billion-dollar contract.

Kansas City Royals

In August 2020, just after winning the Super Bowl earlier that year, it was announced that, in addition to his $500 million contract, Patrick had also brokered a deal to acquire an ownership stake in the Kansas City Royals baseball franchise. The exact size of his stake remains uncertain, but the team was purchased just a year earlier for

With a valuation of $1 billion, it can be assumed that a 1% share would have amounted to approximately $10 million. Prior to this moment in his career, Mahomes had made a total of $13 million from his on-field activities.

Endorsements

In his brief NFL career thus far, Patrick Mahomes has secured numerous endorsement deals, notably with Hunt’s, which came after he expressed his fondness for ketchup. Other notable sponsors include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. Mahomes became the first Chiefs player to be featured on the cover of Madden NFL 20. Two years later, he appeared on the cover of Madden NFL 22 alongside Tom Brady.

Personal Life

On March 12, 2022, Patrick Mahomes tied the knot with his high school sweetheart, Brittany Matthews. Together, they are parents to a girl and a boy. He proposed to Brittany on September 1, 2020, at Arrowhead Stadium, coinciding with the day he was presented with his Super Bowl ring.

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

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

Real Estate

In 2019, Patrick acquired a residence in Kansas City for $1.9 million. He placed this home on the market for just under $3 million in June 2019, and it sold within a few days of being listed.

At the beginning of 2020, Patrick bought a home in Dallas for $3.4 million.

In 2021, he 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 an impressive mansion, a large pool, a private pond, a par three golf hole, and a section of a football field adorned with his personal logo and name in the end zone.