Patrick Mahomes net worth is $90 million, is a well-known American football player and earns an impressive salary of $40 million annually. He started his football career as a quarterback for Texas Tech.
Mahomes was drafted by the Kansas City Chiefs as the 10th overall pick in the 2017 NFL Draft. Today, he stands among the highest-paid athletes globally, having led the Chiefs to Super Bowl victories in both 2020 and 2023.
Patrick Mahomes’s Early Life and Education
Patrick Lavon Mahomes II was born on 17th September, 1995, in Tyler, Texas, to MLB pitcher Pat Mahomes and Randi Martin. At Whitehouse High School, Mahomes excellent in multiple sports, playing as a quarterback, baseball pitcher, and basketball player.
During his senior year, he got 4,619 passing yards, 50 touchdown passes, 948 rushing yards, and 15 rushing touchdowns in football. His baseball career included a no-hitter game with 16 strikeouts.
Despite being picked by the Detroit Tigers in the 37th round of the 2014 MLB Draft, Mahomes chose to pursue football, accepting a scholarship from Texas Tech.
At Texas Tech, Mahomes set many records, including single-game passing yards (734) and total offense yards (819) against Oklahoma. In his junior year he led NCAA Division I FBS players earning the Sammy Baugh Trophy in 2016 with 5,052 passing yards and 53 total touchdowns,
NFL Journey
The Kansas City Chiefs drafted Mahomes with the 10th overall pick in the 2017 NFL Draft, after trading up from the 27th spot. Initially, he served as the backup to Alex Smith but became the starting quarterback in 2018.
Mahomes set multiple NFL records, such as most touchdown passes in the first three career games and first two games of a season, as well as being the youngest quarterback to throw six touchdowns in a single game.
He made history by being the only quarterback to throw for 5,000 yards in both college and the NFL in a season. His amazing performance earned him the NFL Offensive Player of the Year, NFL MVP, First Team All-Pro honors, and a Pro Bowl selection.
Super Bowl Achievements
In January 2020, Mahomes led the Chiefs to an AFC Championship win, getting their first Super Bowl appearance in 50 years. They won over the San Francisco 49ers 31-20, with Mahomes being named Super Bowl MVP, becoming the youngest and second black quarterback to win the award. The Chiefs come back to the Super Bowl in 2021 but lost to the Tampa Bay Buccaneers.
Despite a turf toe injury requiring surgery, Mahomes continued to set records, including the most total yards by a quarterback in a season (5,608) in 2022 and breaking the Chiefs’ franchise record for passing yards in a season (5,250). The Chiefs secured another Super Bowl appearance by defeating the Cincinnati Bengals in the AFC Championship.
Contracts and Earnings
Mahomes’ initial NFL contract in 2017 was a four-year deal worth $16.2 million, fully guaranteed with a $10 million signing bonus. His outstanding performance led to speculations about a record-breaking contract, which materialized in July 2020.
Mahomes signed a 10-year extension with the Chiefs valued at up to $503 million, making him the first athlete in sports history to sign a half-billion-dollar contract. This deal included $477 million in “guaranteed mechanisms” and $140 million fully guaranteed against injury.
Ownership, Endorsements and Investments
In August 2020, Mahomes increased his financial portfolio by acquiring an ownership stake in the Kansas City Royals baseball team.
His endorsement deals include high-profile brands such as Hunt’s, Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. Specially, he was the cover athlete for Madden NFL 20 and Madden NFL 22.
Mahomes has made relevant real estate investments, including a $1.9 million home in Kansas City (sold in 2019), a $3.4 million home in Dallas, and a $400,000 lot in Kansas City’s Loch Lloyd gated community.
In 2023, his dream home was completed, featuring a mansion, pool, private pond, golf hole, and a football field with his personal logo.
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