Patrick Mahomes Net Worth 2025, Salary, Life, House

What is Patrick Mahomes’ net worth?

Patrick Mahomes is an American professional football player who has a net worth of $90 million.

What is Patrick Mahomes’ salary?

Patrick Mahomes has an annual salary of $40 million. Patrick Mahomes played quarterback for Texas Tech before being drafted as the 10th pick in the first round of the 2017 NFL Draft by the Kansas City Chiefs. Today, he is one of the highest-paid athletes in the world.

In 2020, Patrick led the Chiefs to their first Super Bowl win since 1969. He then led the team to another Super Bowl victory in 2023.

Early Life

Patrick Lavon Mahomes II was born in Tyler, Texas, on September 17, 1995, to former MLB pitcher Pat Mahomes and Randi Martin. He attended Whitehouse High School, where he excelled in football, baseball, and basketball. As a senior quarterback, he delivered an impressive performance, passing for 4,619 yards and 50 touchdowns, along with 948 rushing yards and 15 rushing touchdowns. In baseball, he showcased his pitching talent by throwing a no-hitter with 16 strikeouts. Mahomes credits his experience in baseball and basketball for sharpening his skills as a quarterback.

Ranked as the 12th-best dual-threat quarterback in his class, Mahomes was considered a three-star recruit. He received scholarship offers from Texas Tech, Rice, and Houston. Though he was selected by the Detroit Tigers in the 37th round of the 2014 MLB Draft, he chose to pursue football instead.

At Texas Tech University, Mahomes made a name for himself, earning Second-Team All-Big 12 honors in 2016. He broke NCAA records in a single game against Oklahoma, throwing for 734 passing yards and totaling 819 yards of offense. In his junior year, he led all NCAA Division I FBS players with 5,052 passing yards and 53 total touchdowns. His outstanding performance earned him the Sammy Baugh Trophy in 2016.

NFL Career

During the 2017 NFL Draft, the Kansas City Chiefs selected Patrick Mahomes as the 10th overall pick in the first round, moving up from their original 27th overall position. In his rookie season, he served as the backup quarterback to Alex Smith before being promoted to the starting role in 2018.

Mahomes quickly made history, setting multiple NFL records, including the most touchdown passes through his first three career games, the most touchdown passes in the first two games of a season, and the most touchdown passes in the first three games of a season. Additionally, he became the youngest quarterback to throw six touchdowns in a single game.

He also achieved a rare feat by becoming the only quarterback to throw for 5,000 yards in both college and the NFL. Mahomes joined Peyton Manning as one of the only players in NFL history to throw 50 touchdowns and 5,000 yards in a single season. His outstanding performance earned him several accolades, including NFL Offensive Player of the Year, NFL MVP, and First-Team All-Pro honors, along with a Pro Bowl selection.

In January 2020, Patrick Mahomes led the Kansas City Chiefs to victory in the AFC Championship, securing their first Super Bowl appearance in 50 years. That same year, he was honored as the “Sports Illustrated Sportsperson of the Year.” The Chiefs triumphed over the San Francisco 49ers with a 31-20 win in Super Bowl LIV, where Mahomes was named Super Bowl MVP. This achievement made him the second Black quarterback and the youngest player ever to receive the award. Additionally, he became just the third Black quarterback in history to win a Super Bowl championship.

In 2021, Mahomes and the Chiefs returned to the Super Bowl, but this time, they fell short against Tom Brady and the Tampa Bay Buccaneers, losing 31-9. Mahomes recorded 270 passing yards and two interceptions, marking the first double-digit loss of his NFL career. Just three days after the game, he underwent surgery to repair a turf toe injury, which he had sustained earlier during the Divisional Round matchup against the Cleveland Browns.

Patrick Mahomes set the NFL record for the most total yards by a quarterback in a season in 2022 with 5,608 and broke his own Chiefs’ franchise record for passing yards in a season with 5,250. The Chiefs defeated the Cincinnati Bengals in the AFC Championship game to advance to their third Super Bowl in four seasons.

Salary and Contracts

When Patrick Mahomes entered the NFL in 2017, he signed a four-year contract with the Kansas City Chiefs valued at $16.2 million. The deal was fully guaranteed and included a $10 million signing bonus. After establishing himself as a top-tier quarterback, many NFL experts anticipated that his next contract would break records. Their predictions turned out to be absolutely correct.

Heading into the Super Bowl, Patrick Mahomes still had two years remaining on his rookie contract. As soon as the game concluded, he became eligible for an extension, and many speculated that it would set new NFL records. Analysts widely projected that Mahomes would secure a historic $200 million deal, with at least 50% guaranteed and an average annual salary of $40 million.

To put that figure into perspective, Eli Manning, who retired around the 2020 Super Bowl, held the NFL record for career earnings at $252 million. However, he accumulated that amount over 17 seasons, signing multiple lucrative contracts throughout his career.

$500 Million Contract

On July 6, 2020, reports confirmed that Patrick Mahomes had signed a 10-year contract extension with the Kansas City Chiefs, valued at over $400 million. Initially, the exact details regarding the signing bonus and the guaranteed portion of the deal were not disclosed.

It was later revealed that Patrick Mahomes’ contract was actually worth $450 million over ten years. To put that into perspective, at the time he signed the deal, Drew Brees held the NFL’s all-time earnings record with a career total of $245 million.

As more details emerged, the contract’s maximum potential value was confirmed to be $503 million, provided it lasts through its full duration. Additionally, it was disclosed that $477 million of the deal is secured through “guaranteed mechanisms,” with $140 million fully guaranteed in case of injury. This historic agreement made Mahomes the first athlete in sports history to secure a half-billion-dollar contract.

Kansas City Royals

In August 2020, fresh off his Super Bowl win earlier in the year, it was revealed that in addition to signing a $500 million contract, Patrick had also reached a deal to acquire an ownership stake in the Kansas City Royals baseball team. It’s unclear how large of a stake he had purchased, but just a year earlier, the team was purchased for $1 billion, so presumably, a 1% ownership stake would have cost him about $10 million. Up until this point in his career, Mahomes had only earned a total of $13 million on the field.

Endorsements

Patrick Mahomes has received many endorsement deals already in his short NFL career, including Hunt’s after he revealed his love for ketchup. Other sponsors include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. He was the cover athlete for Madden NFL 20, the first Chiefs player in the history of the video game. Two years later, he shared the cover of Madden NFL 22 with Tom Brady.

Personal Life

Patrick Mahomes tied the knot with his high school sweetheart, Brittany Matthews, on March 12, 2022. The couple shares two children, a daughter and a son. Mahomes proposed to Brittany on September 1, 2020, at Arrowhead Stadium, the very day he received his Super Bowl ring.

Beyond football, Mahomes is committed to philanthropy. In 2019, he established the “15 and the Mahomies Foundation,” a nonprofit dedicated to enhancing the lives of children.

Additionally, Mahomes has a strong connection to baseball—he is the godson of former MLB pitcher LaTroy Hawkins, who was a teammate of his father, Pat Mahomes, during their time with the Minnesota Twins.

Real Estate

In 2019, Patrick paid $1.9 million for a home in Kansas City. He listed this home for sale for a little under $3 million in June 2019. The home sold within a few days of being listed.

Frequently Asked Questions