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    Home » Patrick Mahomes Contract Breakdown: Chief QB Salary, Career Earnings & Net Worth Breakdown
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    Patrick Mahomes Contract Breakdown: Chief QB Salary, Career Earnings & Net Worth Breakdown

    paydayloansallonline_110na0By paydayloansallonline_110na0January 29, 2023No Comments5 Mins Read
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    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
    2022 $1,500,000 $34,293,381 $35,793,381
    2023 $5,500,000 $41,293,381 $46,793,381
    2024 $2,500,000 $41,793,381 $44,293,381
    2025 $2,500,000 $43,793,381 $46,293,381
    2026 $2,500,000 $39,450,000 $41,950,000
    2027 $10,000,000 $49,950,000 $59,950,000
    2028 $13,000,000 $31,450,000 $44,450,000
    2029 $20,500,000 $24,450,000 $44,950,000
    2030 $27,000,000 $23,450,000 $50,450,000
    2031 $38,000,000 $14,450,000 $52,450,000

    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.

    More NFL Playoffs: AFC & NFC Bracket | TV Schedule | Super Bowl Picks

    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.

    Patrick Mahomes

    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.

    Rank player worth
    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.

    Rank player AAV
    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.





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