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 an American professional football player. Prior to being drafted by the Kansas City Chiefs as the 10th pick in the first round of the 2017 NFL Draft, he played quarterback for Texas Tech. Currently, he stands among the world’s highest-paid athletes. In 2020, Patrick led the Chiefs to their first Super Bowl victory since 1969, followed by another win in 2023.

Early Life

Born in Tyler, Texas, on September 17, 1995, Patrick Lavon Mahomes II is the son of MLB pitcher Pat Mahomes and Randi Martin. During his time at Whitehouse High School, he played quarterback while also participating in baseball and basketball. As a senior football player, he achieved 4,619 passing yards, threw for 50 touchdowns, and added 948 rushing yards with 15 rushing touchdowns. In baseball, he accomplished a no-hitter with 16 strikeouts. He attributes his improvement as a quarterback over the years to his experiences with pitching and basketball. Rated as the 12th-best dual-threat quarterback in his class, he was a three-star recruit who received offers from Texas Tech, Rice, and Houston. Although the Detroit Tigers selected him in the 37th round of the 2014 MLB Draft, he chose not to sign as he opted to focus on football.

At Texas Tech, Mahomes played college football and earned a Second-team All-Big 12 recognition in 2016. He set NCAA records for the most passing yards in a single game with 734 and total offense yards in a single game with 819, achieved during the same game against Oklahoma. Leading all NCAA Division I FBS players in his junior year, he recorded 5,052 passing yards and 53 total touchdowns, earning the Sammy Baugh Trophy in 2016.

NFL Career

Selected by the Kansas City Chiefs with the 10th overall pick in the first round of the 2017 NFL Draft, Patrick Mahomes spent his rookie season as Alex Smith’s backup before being named the starter in 2018. He established NFL records for the highest number of touchdown passes through the first three career games, two games in a season, and three games in a season, as well as becoming the youngest quarterback to throw six touchdowns in a game. Moreover, Mahomes is the only quarterback ever to pass for 5,000 yards in both college and the NFL, joining Peyton Manning as the only players in NFL history to record 50 touchdowns and 5,000 yards in a single season. He received the titles of NFL Offensive Player of the Year and NFL MVP, was selected as a First Team All-Pro, and earned a Pro Bowl invitation.

In January 2020, Patrick and the Chiefs secured the AFC Championship, directing them to Super Bowl LIV, their first appearance in 50 years. He earned the title of “Sports Illustrated Sportsperson of the Year.” The Kansas City Chiefs triumphed over the San Francisco 49ers with a score of 31-20, and Patrick Mahomes was named the Super Bowl MVP, making him the second black quarterback and the youngest overall to achieve this honor. Additionally, he is the third black quarterback in history to win a Super Bowl.

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In 2021, the Kansas City Chiefs returned to the Super Bowl but faced defeat against Tom Brady and the Tampa Bay Buccaneers with a score of 31-9. Mahomes recorded 270 passing yards and two interceptions, marking the first double-digit loss of his NFL journey. Just three days post-game, Patrick underwent surgery to fix a turf toe injury he incurred during the Divisional Round against the Cleveland Browns.

In the 2022 season, Patrick Mahomes achieved the NFL record for the most total yards thrown by a quarterback in a single season, totaling 5,608 yards, and surpassed his own franchise record for passing yards with 5,250. The Chiefs triumphed over the Cincinnati Bengals in the AFC Championship game, making their way to their third Super Bowl in four years.

Salary and Contracts

Upon entering the NFL in 2017, Patrick signed a four-year contract with the Chiefs valued at $16.2 million. This deal was entirely guaranteed and included a signing bonus of $10 million. After establishing himself as an elite player, numerous NFL analysts forecasted that Patrick’s subsequent contract would be unprecedented in the league’s history. These forecasts turned out to be incredibly accurate.

As the Super Bowl approached, he had two years left on his rookie contract. He qualified for an extension immediately following the Super Bowl. Many anticipated that this extension would break NFL records, with a widely accepted expectation that Patrick could sign a record-setting $200 million deal. The contract was expected to contain at least 50% guaranteed money and an average annual salary of $40 million.

If you believe that $200 million isn’t overly massive, consider that when Eli Manning retired around the 2020 Super Bowl, he concluded his career with a record $252 million in total earnings. Eli achieved this milestone over 17 years through various substantial contracts.

$500 Million Contract

On July 6, 2020, news surfaced that Patrick had finalized a 10-year contract extension with the Chiefs valued at “over $400 million in total.” Initially, it was uncertain how much of this amount would consist of a signing bonus or how much would be guaranteed.

Subsequently, reports detailed that Patrick’s contract was actually worth $450 million over the decade. To provide context, at the time of signing, the NFL’s all-time leader in earnings, Drew Brees, had accrued $245 million throughout his career.

Later that same day, it was disclosed that the full potential value of Mahomes’ contract could reach $503 million if fulfilled to the end. It was also clarified that the deal contained $477 million in “guaranteed mechanisms,” with $140 million fully guaranteed against injury. He made history as the first athlete to reach a half-billion dollar contract.

Kansas City Royals

In August 2020, shortly after his Super Bowl victory earlier that year, it was announced that alongside his $500 million contract, Patrick had secured a deal to obtain an ownership stake in the Kansas City Royals baseball team. The exact size of his stake remains uncertain, but just a year prior, the team had been purchased for

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With an estimated value of $1 billion, it can be inferred that acquiring a 1% share would approximately cost him around $10 million. Prior to this stage in his career, Mahomes had accumulated a mere $13 million in earnings on the field.

Endorsements

During his brief time in the NFL, Patrick Mahomes has secured numerous endorsement contracts, such as a deal with Hunt’s after expressing his fondness for ketchup. Other notable sponsors include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. He made history as the cover athlete for Madden NFL 20, being the first player from the Chiefs to grace the cover of the game. Two years later, he shared the Madden NFL 22 cover with none other than Tom Brady.

Personal Life

On March 12, 2022, Patrick Mahomes wed his high school sweetheart, Brittany Matthews. Together, they have 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 founded a nonprofit organization called the “15 and the Mahomies Foundation,” aimed at enhancing the lives of children.

Brittany Matthews is also his godmother, LaTroy Hawkins, a former Major League pitcher who was once his father’s teammate with the Minnesota Twins.

Real Estate

In 2019, Patrick purchased a property in Kansas City for $1.9 million. He subsequently listed this residence for just under $3 million in June 2019, and it sold within a few days.

He acquired a Dallas home for $3.4 million in early 2020.

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