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Patrick Mahomes is one of the most successful and popular quarterbacks in the NFL. He plays for the Kansas City Chiefs and has led them to two consecutive Super Bowl appearances, winning one in 2020. He is also the second-highest-paid athlete in world sport, behind only Lionel Messi. But how much does he make per year? What is his net worth? And how does he spend his millions? In this article, we will answer these questions and more.
Patrick Mahomes Salary
Patrick Mahomes signed a 10-year contract extension with the Kansas City Chiefs in July 2020, worth a staggering $503 million. This is the largest contract in NFL history and the largest contract in North American sports history. The contract includes $141 million in injury guarantees and $477 million in “guarantee mechanisms,” which are essentially options for the Chiefs to keep Mahomes on the roster or pay him out.
Mahomes will earn a base salary of $5.5 million, a roster bonus of $22.4 million, a restructure bonus of $12 million and a workout bonus of $550,000 in 2023, for a total of $40.45 million. His cap hit, which is the amount that counts against the team’s salary cap, will be $42.45 million.
Mahomes’ salary will increase every year until 2027, when he will earn a whopping $59.95 million in base salary alone. His cap hit will peak at $60.05 million in 2027 and then decrease slightly until 2031, when his contract expires.
| Unit | Salary |
|---|---|
| Session | $2.51 million |
| Year | $42.75 million |
| Month | $3.56 million |
| Week | $0.89 million |
| Day | $0.12 million |
| Hour | $0.005 million |
Patrick Mahomes Net Worth
Patrick Mahomes’ net worth is estimated at $50 million as of 2021. This figure is based on his career earnings from the NFL, as well as his endorsement deals and investments.
Mahomes has several lucrative endorsement deals with brands such as Adidas, Oakley, BioSteel Sports Nutrition, State Farm, Bose, DirecTV, Essentia Water and Hunt’s Ketchup. He also owns a stake in the Kansas City Royals baseball team and has launched his own foundation called 15 and the Mahomies, which supports children’s initiatives.
Mahomes’ net worth is expected to grow significantly in the coming years as he continues to earn more from his contract and endorsements. He could potentially become one of the richest athletes in the world by the end of his career.
Patrick Mahomes Earning Career
Patrick Mahomes started his earning career as a rookie in 2017, when he signed a four-year contract with the Kansas City Chiefs worth $16.42 million. He received a signing bonus of $10.08 million and had his salary fully guaranteed.
Mahomes played only one game in his rookie season, as he was behind Alex Smith on the depth chart. He made his first start in Week 17 against the Denver Broncos and threw for 284 yards and an interception in a 27-24 win.
In 2018, Mahomes became the starting quarterback for the Chiefs and had a breakout season. He threw for 5,097 yards and 50 touchdowns, with only 12 interceptions. He led the Chiefs to a 12-4 record and the AFC West title. He also won the NFL MVP award and was named to the Pro Bowl and the All-Pro first team.
In 2019, Mahomes continued his stellar performance and led the Chiefs to their first Super Bowl title in 50 years. He threw for 4,031 yards and 26 touchdowns, with only five interceptions. He also rushed for 218 yards and two touchdowns. He led the Chiefs to a comeback victory over the San Francisco 49ers in Super Bowl LIV, throwing for 286 yards and two touchdowns, and rushing for another touchdown. He was named the Super Bowl MVP and was selected to the Pro Bowl and the All-Pro second team.
In 2020, Mahomes had another dominant season and led the Chiefs to their second consecutive Super Bowl appearance. He threw for 4,740 yards and 38 touchdowns, with only six interceptions. He also rushed for 308 yards and two touchdowns. He led the Chiefs to a 14-2 record and the AFC West title. He was named to the Pro Bowl and the All-Pro first team.
In February 2021, Mahomes played in Super Bowl LV against the Tampa Bay Buccaneers but suffered a loss. He threw for 270 yards and two interceptions while being sacked three times and pressured throughout the game.
How Much Does Patrick Mahomes Make Per Year
As we have seen, Patrick Mahomes’ salary varies from year to year depending on his contract structure and bonuses. However, we can calculate his average annual salary by dividing his total contract value by the number of years.
Mahomes’ 10-year contract extension is worth $450 million in new money, plus $63 million in existing money from his rookie contract. This gives a total of $513 million over 12 years, from 2020 to 2031. Therefore, his average annual salary is $513 million / 12 = $42.75 million.
This means that Mahomes makes about $3.56 million per month, $821,000 per week, $117,000 per day, $4,875 per hour, $81 per minute and $1.35 per second.
Conclusion
Patrick Mahomes is one of the best quarterbacks in the NFL and one of the highest-paid athletes in the world. He has a massive contract with the Kansas City Chiefs that will pay him over half a billion dollars over 12 years. He also has a high net worth that comes from his endorsements and investments. He has had a remarkable earning career so far and has achieved many accolades and awards. He is still young and has a bright future ahead of him.
Most Asked Questions and Answers
Q: How old is Patrick Mahomes? A: Patrick Mahomes is 26 years old as of September 2021. He was born on September 17, 1995 in Tyler, Texas.
Q: How tall is Patrick Mahomes? A: Patrick Mahomes is 6 feet 3 inches (1.91 meters) tall and weighs 230 pounds (104 kilograms).
Q: Who is Patrick Mahomes’ fiancee? A: Patrick Mahomes’ fiancee is Brittany Matthews, a former soccer player and fitness trainer. They have been dating since high school and got engaged in September 2020.
Q: Does Patrick Mahomes have a child? A: Yes, Patrick Mahomes and Brittany Matthews have a daughter named Sterling Skye Mahomes, who was born in February 2021.
Q: What college did Patrick Mahomes go to? A: Patrick Mahomes went to Texas Tech University, where he played college football for the Red Raiders from 2014 to 2016. He majored in marketing.
Q: What number does Patrick Mahomes wear? A: Patrick Mahomes wears number 15 for the Kansas City Chiefs. He chose this number because it was his draft position in 2017.
Q: What is Patrick Mahomes’ nickname? A: Patrick Mahomes has several nicknames, such as Pat, Showtime, The Gunslinger, Magic Mahomes and Kermit (because of his voice).
Q: What is Patrick Mahomes’ ethnicity? A: Patrick Mahomes is biracial. His father, Pat Mahomes Sr., is African American and his mother, Randi Martin, is Caucasian.
Q: What is Patrick Mahomes’ favorite food? A: Patrick Mahomes loves ketchup and puts it on almost everything, including steak, macaroni and cheese, pizza and eggs. He also likes barbecue, sushi and Mexican food.
Q: What is Patrick Mahomes’ favorite hobby? A: Patrick Mahomes enjoys playing video games, golfing, fishing and spending time with his family and friends.