Patrick Mahomes, the renowned American football quarterback, has an impressive net worth of $90 million and an annual salary of $40 million. He is widely recognized for his incredible skills, and his salary makes him one of the highest-paid athletes globally. In the 2017 NFL Draft, Mahomes was selected as the 10th general pick by the Kansas City Chiefs, after playing quarterback for Texas Tech. His rise to fame is marked by key milestones, including leading the Chiefs to victory in Super Bowl LIV in 2020 and another win in Super Bowl LVII 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. Growing up, he excelled in various sports, including football, baseball, and basketball. He played quarterback at Whitehouse High School, where he showcased impressive stats, throwing for 4,619 yards and 50 touchdown passes as a senior. Additionally, he demonstrated his baseball prowess by throwing a no-hitter with 16 strikeouts. Mahomes attributes his success as a quarterback to his experiences in baseball and basketball. Rated as the 12th-best dual-threat quarterback in his class, he received multiple scholarship offers, including from Texas Tech, Rice, and Houston. Though drafted by the Detroit Tigers in the 37th round of the 2014 MLB Draft, Mahomes chose to pursue a career in football.
College Football Career
At Texas Tech, Mahomes made a significant impact, earning Second-team All-Big 12 honors in 2016. He set NCAA records for single-game passing yards (734) and total offensive yards (819) during a game against Oklahoma. In his junior year, he led all NCAA Division I FBS players with 5,052 passing yards and 53 total touchdowns. Mahomes’ exceptional performance earned him the prestigious Sammy Baugh Trophy in 2016, cementing his place as one of college football’s top quarterbacks.
NFL Career
In the 2017 NFL Draft, Mahomes was selected by the Kansas City Chiefs with the 10th general pick. Initially serving as a backup to Alex Smith during his rookie season, Mahomes was named the starting quarterback in 2018. His breakout year was remarkable, as he set numerous NFL records, including the most touchdown passes in the first three career games and the youngest quarterback to throw for six touchdowns in a game. In just his first season as a starter, Mahomes threw for over 5,000 yards and 50 touchdowns, joining Peyton Manning as the only quarterback to achieve such feats in a single season. His stellar performance earned him the NFL MVP award, along with a First Team All-Pro selection and a Pro Bowl invitation.
In 2020, Mahomes led the Chiefs to their first Super Bowl victory in 50 years, defeating the San Francisco 49ers 31-20. Mahomes was named Super Bowl MVP, making history as the youngest quarterback to win the award. His victory also made him the second African-American quarterback to claim a Super Bowl title. Despite a setback in 2021, where the Chiefs lost to the Tampa Bay Buccaneers in Super Bowl LV, Mahomes continued to shine, setting an NFL record for the most total yards by a quarterback in a season in 2022, with 5,608 yards.
Salary and Contracts
Mahomes’ contract journey began with a four-year deal worth $16.2 million when he first entered the NFL in 2017. This contract, which included a $10 million signing bonus, was fully guaranteed. As his career progressed and his star power grew, experts predicted a record-breaking contract extension for the quarterback. Mahomes’ predictions proved accurate when, after the Chiefs’ Super Bowl victory, he became eligible for a contract extension. The anticipated extension was expected to be a historic $200 million deal with a significant portion of it guaranteed.
On July 6, 2020, Mahomes signed a groundbreaking 10-year extension with the Kansas City Chiefs worth a total of $450 million. The contract was reported to have a potential value of up to $503 million, making Mahomes the first athlete in history to secure a half-billion-dollar deal. This contract set a new precedent in the sports world, far surpassing the previous records. As of 2020, Mahomes’ earnings were already on track to exceed those of legendary players like Drew Brees, who had made $245 million in total over his career.
Kansas City Royals Ownership
Alongside his football contract, Mahomes also made a strategic investment in the sports world. In August 2020, he acquired an ownership stake in the Kansas City Royals baseball team. Although the exact percentage of ownership remains unclear, the Royals were purchased for $1 billion in 2019. Given the timing, it’s likely that Mahomes acquired a 1% stake in the team, which would have cost around $10 million. This investment was made during a time when Mahomes had earned a total of just $13 million from his football career.
Endorsements
Mahomes has secured a range of lucrative endorsement deals throughout his career. His endorsements include partnerships with major brands such as Hunt’s, Oakley, Hy-Vee, Essentia Water, DirectTV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. His unique love for ketchup led to his endorsement deal with Hunt’s, adding a personal touch to his sponsorships. Mahomes also made history as the first Kansas City Chiefs player to appear on the cover of Madden NFL 20. Later, in Madden NFL 22, he shared the cover with Tom Brady, further solidifying his status as a premier athlete.
On March 12, 2022, Mahomes married his high school sweetheart, Brittany Matthews. The couple has two children, a daughter and a son. In September 2020, Mahomes proposed to Brittany at Arrowhead Stadium, marking a memorable moment in their lives, as it coincided with Mahomes receiving his Super Bowl ring. Mahomes is also deeply involved in philanthropy. He founded the “15 and the Mahomies Foundation” in 2019, which focuses on improving the lives of children.
Mahomes’ connection to baseball runs deep, as he is the godson of LaTroy Hawkins, a former Major League pitcher who was his father’s teammate with the Minnesota Twins. This connection to the sport further emphasizes Mahomes’ athletic background and his diverse range of experiences in sports.
Real Estate Ventures
Mahomes has made several significant real estate investments. In 2019, he purchased a home in Kansas City for $1.9 million, later listing it for nearly $3 million in June of the same year. The property sold quickly, showcasing the demand for his luxury real estate. In early 2020, he bought a $3.4 million home in Dallas, further expanding his property portfolio. Additionally, in 2021, Mahomes bought an undeveloped lot in the exclusive Loch Lloyd community in Kansas City for $400,000. Construction of his dream home was completed in 2023. This estate is a grand property, featuring a massive mansion, an extensive pool, a private pond, a par-three golf hole, and a half-football field adorned with his logo and name in the end zone.
