Patrick Mahomes: Lavon Mahomes II is an American football quarterback who plays for the National Football League’s Kansas City Chiefs. He began his collegiate career at Texas Tech University, where he played football and baseball. Mahomes was taken in the first round (10th overall) in the 2017 NFL Draft by the Kansas City Chiefs. They gave him a guaranteed four-year, $16.42 million contract with a $10.08 million signing bonus. The Chiefs upgraded Mahomes to the starting quarterback position after dealing Alex Smith to the Washington Redskins in 2018. Mahomes was awarded AFC Offensive Player of the Week after defeating division opponent Los Angeles Chargers 38–28 in his debut game as a starter.
Patrick Mahomes’ estimated net worth in 2022 is $40 million
We know Patrick Mahomes’ net worth in 2022 will be around $40 million according to publicly available statistics. This is a whole ten million dollars more than the previous year. Obviously, because he is still early in his career, this figure should continue to rise year after year. Mahomes’ new contract may be worth up to $503 million, and he’ll be with the Chiefs for the next 12 years, with two of those seasons being the final two years of his rookie contract, which he’ll play out before leaping into his extension. The onus will be placed even more on Mahomes, who will be pushed to outplay the monster deal he just earned while also needing to carry this club into dynasty zone, a massive task for the Chiefs to swallow in terms of their salary cap sheet.
This club has the potential to build a dynasty, but the defense is the big unknown here, and it will determine how long and if this squad ever gets a bid into that fabled area that so many organisations have sought to reach but fallen just short of. According to Celebrity Net Worth, Mahomes’ current projected net worth is $30 million, which sounds like a drop in the bucket compared to what he’ll be earning in two seasons.
His original rookie contract was for four years with a team option for a fifth year, and since the team recently picked up that option, constituting one of the easiest no-brainer moves in NFL history, Patrick Mahomes’ current contract has a total value of over $47 million, $13.7 million of which he has already earned through his first three years in the league.
For his rookie agreement, the year breakdown of his total cash earnings looked like this:
- $10,551,026 in 2017
- $1,211,635 in 2018
- $1,958,270 in 2019
- $10,825,000 in 2020 (not earned yet)
- $22,806,905 in 2021 (not earned yet)
With $13,720,931 already in Mahomes’ pocket, the remaining $33,631,905 will be earned over the final two years of his contract, including the fifth-year option, which is always a tough pill for teams to swallow, especially since every first-round player must accept or decline that option before starting his fourth season.
Exclusivity is a very important quality that only a few athletes are able to benefit on during their sports careers, and Patrick Mahomes has finally reached the point where he qualifies. According to Yahoo News, Patrick Mahomes is the first NFL player to sign a deal with Oakley, and he is the face of the brand’s Prizm optics line and the “See it in Prizm ” campaign.
Obviously, with the results that Patrick Mahomes has put up over the course of his three seasons, which include winning both the League MVP and Offensive Player of the Year awards in 2018, followed by a Super Bowl ring and the game’s Most Valuable Player award the following year, the writing has been on the wall for a long time that the Chiefs would need to dole out a considerable amount. An advertising executive believes Patrick Mahomes could easily bring in “as much as $7 million per year in new endorsement money,” according to a Bloomberg article published shortly after the Chiefs won their first Super Bowl win since 1970. When combining his endorsement money with his NFL contract money, that bump alone, on top of all of his previous endorsement deals, would easily drive him towards double his net worth.
His passion for the sport he converted from baseball to is very, very strong, as evidenced by the fact that he just committed to a deal that adds ten more seasons on top of the remaining two years on his rookie agreement. Injuries have slowed him down in the past, but nothing that should cause any long-term concerns for his team or business partners, and the kind of lore that he already has following him is such an easy tactic for brands to capitalize on, simply because their return(s) on investment would happen almost instantly.
Patrick Mahomes is on the verge of reaching the level that LeBron James, the late Kobe Bryant, Tiger Woods, and other high-profile athletes have attained during their careers, in the sense that when their names are attached to a product, service, or message, their names travel far and wide, and people actually stop and pay attention to them. While Patrick Mahomes is at the peak of his game right now, he may need one or two more A++-level seasons before he can be considered a legend, but that illustrious achievement will undoubtedly be within reach in a few years if he stays on top of his game.
Patrick Mahomes’ chances of reaching LeBron’s level are almost none, considering even the King was the cream of the crop when he entered the NBA, not having to sit for a year before being given a chance. But it’s unfair to hold it against Mahomes, who has easily and already broken any realistic expectations that anyone may have had for him when he was picked in 2017.
Super Bowl honours for Mahomes
Following the Chiefs’ Super Bowl victory in 2019, reports surfaced that the team was interested in signing the young quarterback to a multi-year contract. The Chiefs took up Mahomes’ fifth-year option on his contract on April 30, 2020, and signed him to a ten-year deal worth $477 million, with an additional $26 million in possible incentives, for a total of $503 million. The deal runs until the 2031 season and was the richest in American professional sports history at the time of signing. Patrick Mahomes became the first professional athlete to sign a contract for half a billion dollars.
Investing and maintaining a “regular” status Patrick
Mahomes told CBS Sports shortly after signing the half-billion-dollar contract, “I haven’t made any purchases… I’m in the same boat… I’m going to be the same person I was before I signed the contract and joined the NFL.” Despite saying he would be the same guy, it was verified a few days later that Mahomes had received a $338,000-plus Ferrari 812 Superfast as a gift, and his girlfriend had received a gleaming $200,000-plus, Lamborghini.
His estimated net worth is $30 million. He is also a shareholder in the Kansas City Royals baseball team, a $1 billion Major League Baseball franchise, making him the sport’s youngest team owner.