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News, Blog and GuidesWe look at the total wealth and annual earnings of Kansas City Chiefs star Patrick Mahomes, who signed the then-biggest contract in the NFL.
Svetozar PavlovićceletozasvetaJoe Brennanj4brennanUpdate: Feb 10th, 2024 22:09 EST
JAMIE SQUIREAFP
Patrick Lavon Mahomes II is one of highest-earning players in the NFL and right now, he is worth every penny the Chiefs are handing over to him every month, with the quarterback leading his side to another Super Bowl yet again.
Mahomes started out playing college football and college baseball at Texas Tech University. Following his sophomore year, he quit baseball to focus solely on football. Ahead of the game at Allegiant Stadium, let’s take a look at how much the 28-year-old is earning…
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Mahomes’ mammoth deal
The Kansas City Chiefs selected Mahomes in the first round (10th overall) in the 2017 NFL Draft. They signed him to a guaranteed four-year, $16.42 million contract that included a signing bonus of $10.08 million.
After trading Alex Smith to the Washington Redskins in 2018, the Chiefs elevated Mahomes to a starting quarterback position. In his first game as a starter, Mahomes beat division-rival Los Angeles Chargers by 38–28 and was named AFC Offensive Player of the Week.
Poker faces 🔛 @united pic.twitter.com/uPNkj2cujQ
— Kansas City Chiefs (@Chiefs) February 5, 2024
Mahomes: Super Bowl accolades
After winning the 2019 Super Bowl game, rumours started to indicate that the Chiefs wanting to secure the young quarterback on a multi-year deal.
On April 30, 2020, the Chiefs picked up the fifth-year option on Mahomes’ contract, and they signed him to a ten-year extension worth $477 million with another $26 million in potential bonuses for a total of $503 million. The contract extends through the 2031 season, and at the time of signing, it was the largest in American professional sports history. His average annual salary comes out to around $45 million.
Patrick Mahomes officially became the first professional athlete to have a half a billion-dollar contract. While at the time it was a stupendous amount of money for a sports star, he does not make the top 5 of highest-paid quarterbacks in the NFL.
OH WOW: Expect Kansas City #Chiefs quarterback Patrick Mahomes to “once again be the highest-paid player in football on an APY basis, before Week One,” per Mike Florio of @ProFootballTalk. Mahomes would have to top #Ravens quarterback Lamar Jackson’s $52 million per year.🤯 pic.twitter.com/4QasuOFrEJ
— MLFootball (@_MLFootball) May 9, 2023
Investing and being ‘the regular’ Patrick
Shortly after signing the colossal contract, Mahomes told CBS Sports, “I haven’t bought anything… I feel exactly the same… I’m going to be the same person I was before I got the contract and before I got to the NFL.”
