Patrick Mahomes was the 10th overall pick in the 2017 NFL Draft, but has proven to be a steal for the Chiefs.
The 27-year-old quarterback is just in his prime, but has already established himself as one of the NFL’s best passers. He won MVP in his first season as a starter and won the Super Bowl the following year.
Mahomes will likely win another MVP for his performances during the 2022 season and hopes to add a Super Bowl to his legacy.
But whether he wins or not, he will be heavily compensated for his services
Mahomes is currently the highest-paid player in NFL history. He’s set to make a lot of money in the course of his record-breaking contract with the Chiefs, and it would be hard to justify an NFL player demanding a similar contract with him.
How much is Patrick Mahomes’ contract worth? Here’s everything you need to know about his finances as he plays in his fifth straight AFC championship game.
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Patrick Mahomes deal details
Mahomes is in his first year. 10-year, $450 million deal Signed during the 2020 offseason, making him the highest-paid player in NFL history.
Mahomes is set to make an average of $45 million per season as part of his contract, and is expected to hit at least $41.95 million in each season through 2031. He will be 36 by the time his contract expires.
Below is a breakdown of his deal, including his base salary, bonuses and cap hits, according to Spotrac.com.
|Year||basic salary||total bonus||cap hit|
Note that the Chiefs could move on from Mahomes for a dead cap hit of just over $4.3 million in 2025 and release him with no dead money after 2026. Unless the team’s star quarterback has a significant setback or injury, that’s highly unlikely to happen.
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Patrick Mahomes Career Earnings
Mahomes may have the biggest contract in the NFL right now, but his career earnings haven’t hit league-highs yet.
Mahomes won $76,904,472 in his career so far. This ranks his 76th all-time among NFL players, one rank above Broncos safety Kareem Jackson ($76,680,351) and one rank below Bills guard Roger Saffold ($77,071,073). am.
Incredibly, Mahomes doesn’t have the highest career earnings of any player currently with the Chiefs. Defensively his ends Carlos Dunlap ($81,140, 148) and Frank Clark ($79,013,295) are 67th all-time and his 72nd respectively.
That said, Spotrac.com predicts Mahomes will continue to climb the list. He will be in the top 10 by 2026 and have the third highest career earnings in NFL history by 2030.
Of course, many things will happen over the next decade that will change these predictions. Either way, Mahomes will follow a clear upward trajectory for the duration of this trade.
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Patrick Mahomes career stats
According to Celebrity Net Worth, Mahomes’ net worth is $40 millionWhile this may seem like a conservative number, it should be noted that Mahomes is only in the first year of his $45 million-a-year contract. he.
Additionally, Mahomes has invested in several sports teams, including MLB’s Royals, MLS’ Sporting Kansas City, NWSL’s Kansas City Current, and Miami’s professional pickleball team. He has also invested in multiple of his Whataburger franchises based in Kansas City and Missouri for 2021.
So it makes sense that Mahomes’ net worth would be below his career earnings to date. Both numbers should grow significantly over the next few years as Mahomes becomes more involved in lucrative deals.
NFL’s highest paid quarterback
Mahomes is the highest paid quarterback in the NFL in terms of his contract total. He’s not the only deal across the league that has grossed over $400 million. He is also the only company with over $300 million.
Here are the 10 biggest quarterback deals in the NFL, according to Spotrac.com.
|1||Patrick Mahomes||$450 million|
|2||Josh Allen||$258 million|
|3||Russell Wilson||$242.6 million|
|Four||Kyler Murray||$230.5 million|
|Five||deshawn watson||$230 million|
|T-6||Dak Prescott||$160 million|
|T-6||Matthew Stafford||$160 million|
|8||Aaron Rogers||$150.8 million|
|9||Matt Ryan||$150 million|
|Ten||Jared Goff||$134 million|
That said, several quarterbacks have surpassed Mahomes in terms of average annual value (AAV) they are making as part of their trades. Aaron Rodgers currently earns about $50.3 million, which is his most lucrative in the NFL.
Below are the 10 biggest quarterback contracts in terms of AAV across the league.
|1||Aaron Rogers||$50.3 million|
|2||Russell Wilson||$48.5 million|
|3||Kyler Murray||$46.1 million|
|Four||deshawn watson||$46 million|
|Five||Patrick Mahomes||$45 million|
|6||Josh Allen||$43 million|
|7||Derek Carr||$40.5 million|
|T-8||Dak Prescott||$40 million|
|T-8||Matthew Stafford||$40 million|
|Ten||Kirk Cousins||$35 million|
So given the AAV of Mahomes’ trade, he seems like a steal for the Chiefs. It will be interesting to see if more quarterbacks surpass him in that category in the upcoming offseason.
As it stands, however, it’s hard to imagine any NFL player, save for Joe Burrow, who would challenge the full amount of Mahomes’ contract.