Patrick Mahomes Is Set to Make an Astronomical Sum in 2024
Patrick Mahomes
Kansas City Chief quarterback Patrick Mahomes is a big name not just in Kansas City but around the country. He led the Chiefs to yet another Super Bowl in 2024, making the sort of make-or-break snap decisions expected of someone in his position. That high level of pressure and performance ability is also why QBs are some of the highest-paid players in the NFL, and Mahomes is no exception.
Here’s a look at how he’s earned his success and the net worth he’s amassed along the way.
Related: Everything to Know About Patrick Mahomes' Wife Brittany Mahomes
How did Patrick Mahomes get his start?
Mahomes, like many NFL athletes, comes from greatness. His dad, Pat, was a pitcher who played Major League Baseball for 11 seasons.
“I mean, I always just loved sports from the beginning,” Mahomes said, as reported by the Associated Press. “All sports. I loved watching. I love playing. I mean, I remember my mom used to get mad at me, because I would throw—like, you know, kids throw the ball off the wall? I’d throw it off the TV, because I was watching TV at the same time, and she used to get real mad that I was doing that.”
In high school, Mahomes followed in his dad’s footsteps and played baseball (pitcher no less); and also starred on the school’s basketball and football teams. He was actually picked in the 37th round of the 2014 MLB draft by the Detroit Tigers, but decided to play college football instead. A decision that has clearly paid dividends.
Where did Patrick Mahomes go to college?
Despite his athletic prowess, only three Division 1 schools offered Mahomes a scholarship to play football. (Of course, anyone would be lucky to get a D1 scholarship, but at Mahomes’ level usually he’d have more options.) His gift across sports hindered him when choosing college programs, as football coaches were worried he’d go to the MLB instead.
Ultimately, he went to Texas Tech University where, after a short stint at pitcher, he gave up being a multi-sport athlete and focused entirely on football. There, he set records that included offensive leader in 2015 and 2016, consistently throwing the ball 300-plus yards per game.
What is Patrick Mahomes' net worth in 2024?
In 2024, Patrick Mahomes is worth an estimated $70 million, according to Celebrity Net Worth. This may seem a bit low when you consider his NFL contract, which is worth hundreds of millions, but he’s only been playing pro football since 2017 and is still relatively young in his career.
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What was Patrick Mahomes’ first season in the NFL?
Mahomes was picked by the Kansas City Chiefs at 10th overall in the 2017 NFL Draft. He would play backup to first-string quarterback Alex Smith for most of the year, which is common for rookie QBs as they learn the differences between college and pro football. Mahomes’ first time on the field as a starter was on the final day of that year, Dec. 31, where he completed 22 of 35 passes and racked up an impressive 284 passing yards.
What year did Patrick Mahomes become a starting QB?
After Mahomes’ star debut at the end of the 2017 regular season, he would be selected as the Chiefs’ starting quarterback in 2018. Good thing, too, as the Chiefs finished out the regular season with a 12-4 record to win their division.
How much is Patrick Mahomes getting paid?
In 2020, Mahomes signed a massive 10-year contract deal with the Chiefs worth $450 million. At the time, that made him the highest-paid player in the NFL; and when he was later edged out by other top-tier quarterbacks, his deal was restructured to pay him more money in a shorter timespan ($210.6 million between 2023 and 2026).
While NFL contracts are complicated, and a player’s yearly compensation can vary based on their performance and other factors, Mahomes is expected to make about $44.5 million in 2024, $50 million in 2025 and $56.75 million in 2026, according to Spotrac.
These numbers are unimaginable to the average person and Mahomes seems to know it. "When I signed my deal, I knew I was going to be set for life regardless of how the market [went],'' he told ESPN in 2022. "You just keep playing. Money is one thing but when you get those Super Bowl rings at the end of your career, I think that's going to be the thing that you look back on. I think I've made enough money on the football field and off of it as well that it won't matter at the end of the day.”
How much does Patrick Mahomes make a year in endorsements?
Aside from his NFL salary and bonuses, Mahomes rakes in a ton of cash through endorsements—most notably from his commercials with State Farm. According to Forbes, this endorsement money totals about $20 million per year for the star quarterback.
How many Super Bowls has Patrick Mahomes been to?
Mahomes has played in four Super Bowls: LIV, LV, LVII and LVIII.
“It’s humbling, because I never thought I would be in this many Super Bowl games, honestly,” Mahomes said, per AP. “I mean, you strive to be great, but you understand how hard it is to even be in this game. And for us to be in my fourth one, it truly is remarkable, and I don’t take it for granted, because you never know if you’re going to be able to be back in this game.”
How many Super Bowls has Patrick Mahomes won?
Out of his four Super Bowl appearances so far, Mahomes and the Kansas City Chiefs have won three, which isn’t a bad record.
They won against the San Francisco 49ers in Super Bowl LIV. In Super Bowl LV, the Chiefs lost to Tom Brady and the Tampa Bay Buccaneers. And just last year in Super Bowl LVII the Chiefs battled it out for victory against the Philadelphia Eagles. Of course, they defeated the 49ers for a second time this year, in Super Bowl LVIII.
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