According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. Mahomes joins an ownership group led by businessman John Sherman and more than 20 investors with ties to Kansas City, including actor Eric Stonestreet. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. https://t.co/I3ItyS5CO0, . Its unlikely he bought any one owner out (which is why my guess is that he doesnt own much of the team) as the new ownership hasnt even been in place for a year yet, and there may be a lock-up period attached. 2023 CNBC LLC. The NFL has been known to fly its players on private planes, but this is not the norm. By clicking Sign up, you agree to receive marketing emails from Insider Go @Royals!! Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. Mahomes' net worth is currently estimated to be around $30 million. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. The investment should be a pretty sound one as the value of sports franchises continues to rise. The Kansas City Chiefs quarterback won a Super Bowl in February. Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. There is also a possibility that once his playing days are over he may want to transition into a bigger role in running the club, as other former athletes like Derek Jeter and Magic Johnson have done. Having signed a ten-year, over US$500. The 24-year-old quarterback recently led the Kansas City Chiefs to victory in Super Bowl LIV, garnering Super Bowl MVP honors in the process, and then . Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. The group, which purchased the Royals from the late David Glass for $1 billion last fall, is led by local businessman John Sherman and includes a group of over 20 investors with local ties, including entertainer Eric Stonestreet. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Your effort and contribution in providing this feedback is much But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. The Detroit Tigers drafted him in 2014, though he never played for them. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. "I love this city and the people of this great town. I love this city and the people of this great town," Mahomes said in a statement. Whatcha think @PatrickMahomes ? Juventus is his favorite soccer club and he one day plans to go to Italy and Does Patrick Mahomes Own The Kansas City Royals? "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. appreciated. (function() { On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. He signed a 10-year, $503 million extension with Kansas City Chiefs. Major League Soccer's Sporting KC announced Mahomes as a member of their ownership group on Tuesday, marking his second professional sports minority equity stake within the last year (KC Royals). Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. All Rights Reserved. As the son of a former MLB player, baseball has always been in Mahomes' DNA. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. All Rights Reserved. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). And although he didn't quite follow in his father Pat's footsteps, he does retain a serious interest in the sport so much so that he purchased a minority stake in his adopted hometown's MLB team in 2020. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Super Bowl Champion. Who do you think is the new owner of the Kansas City baseball team? As a professional athlete, few things are as important as recovery. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. Get this delivered to your inbox, and more info about our products and services. City services include health care, financial services, and technology. In 2020, Mahomes became the youngest Super Bowl-winning quarterback in NFL history, when the Chiefs defeated the San Francisco 49ers in Super Bowl LIV. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. He is also known for his flashy lifestyle, which extends beyond his on-field success. Because he has agreed to a contract extension until 2021, the club is certain to keep him on its roster for the next two seasons. Seriously, is there anything this man cant do? Mahomes capped off the month by. As a result, other running backs in the NFL may be able to earn more money in the future. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Mahomes is the son of Pat Mahomes, a former major league pitcher. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. According to the Royals, he purchased a stake in the team, but it was not disclosed how much he purchased or what his value was. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Copyright 2023 Sporting News Holdings Limited. The Royals have added some Kansas City royalty to their franchise. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. pursuing BMM from St Xavier's College with his specialization in Advertising. callback: cb Go @Royals!! Imagine being an NFL superstar and owning an MLB team. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. Top editors give you the stories you want delivered right to your inbox each weekday. Follow David Hookstead on Twitter and Instagram, The Daily Caller | 1775 Eye Street NW | Suite 1150-290 | Washington, DC 20006, A post shared by Patrick Mahomes II (@patrickmahomes). I love this city and the people of this great town. It is also a good sign that he is putting his roots down in the community and fully embracing the city. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. listeners: [], Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. The team has an average winning percentage of 11.9 victories per season over the last five years. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. 7/28/2020 9:34 AM PT. July 28th, 2020. According to Forbes, the franchise was valued at roughly a billion dollars back then. Patrick Mahomesis the second highest paid athlete in world sport. By choosing I Accept, you consent to our use of cookies and other tracking technologies. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Mahomes has already enjoyed an extraordinary career in the NFL having won a Super Bowl, a Super Bowl MVP, and regular season MVP, but he's also no stranger to baseball. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Its a partnership that has been in place since before he took over as the starting quarterback for the Kansas City Chiefs, said Airshare CEO John Owen of the relationship with Chiefs quarterback. Sherman has served in the United States Army. Even purchasing 1 percent of the Royals, assuming Mahomes didnt buy at a lower post-money valuation than the other investors paid, would cost the Chiefs quarterback around $10 million which is a significant outlay for someone who has made slightly more than $13 million over his brief playing career, not including endorsements. Which Whataburger does Mahomes own? Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. What do Patrick Mahomes and Kevin Durant have in common? Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Top editors give you the stories you want delivered right to your inbox each weekday. Only FC Barcelona forward Lionel Messi can claim to earn more in wages alone, having signed a four-year,$670 million deal with the Spanish giant in 2017. Fresh off the back of signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million, Patrick Mahomes has now become the youngest team owner in MLB history after purchasing a stake in the Kansas City Royals at the age of 24. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. As such, Mahomes made sure to throw his bag into something he feels passionate in. (RELATED: David Hookstead Is The TrueKingIn TheNorthWhen It Comes To College Football), Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. He grew up attending Royals games and has said that he wants to be a part of the teams future success. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- } The Super Bowl win is one of the NFLs biggest achievements, and each member of the winning team will receive $150,000 as a result. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. NFL running backs are one of the most valuable positions on the field, and two years after signing a record-breaking extension, it appears that the pay ceiling for running backs has yet to be raised. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. That's not bad for a 27-year-old, one whose value seems boundless given his various business holdings, as well as the gaudy nature of his contract. joined the team as part of the ownership group. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. LeBron James is a part owner of soccer powerhouse Liverpool F.C., Russell Wilson is a part owner of the Seattle Sounders F.C., and Serena and Venus Williams are part owners of the Miami Dolphins. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Mahomes was named the NFL MVP and Offensive Player of the Year. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). These are all brand ambassador roles and carry a bit more headline value than operational value. Top editors give you the stories you want delivered right to your inbox each weekday. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Mahomes also owns part of the Kansas City Royals. Jason Catania. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US We always knew he'd find his way into baseball. @ JayCat11. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. Patrick Mahomes contract. She and the Longs have done an incredible job building a world-class organization and I am excited to join another championship-caliber club as it continues to make history. Tigers' Bullpen Sharp In 4-3 Win Over Royals, Royals Sign Matt Harvey To Minor League Deal, Royals Slug 6 HRs In 14-6 Win Over Tigers, Holland Fans Side In 10th, Royals Trim Indians 3-2. Because of his services, the Chiefs should pay him a fair salary. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Still, Mahomes signed a very long-term deal with the Chiefs and his small stake in the Royals further embeds him into Kansas City for the next decade or more to come. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. John Sherman, the Royals' chairman, CEO, and principal owner added: "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Welcome, @PatrickMahomes, to @MLS! In addition, hes thrown for over 30,000 yards and 291 touchdown passes. Got a confidential news tip? The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. He also won the NFL MVP in 2018. Mahomes will not be competing for a roster spot, but he will get the chance to work with the coaching staff and get some valuable experience. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. That's one way to cement your ties to the community. The two cities roots, history, and culture are all shared by them. Updated Because the quarterback is usually the most important player on the field, the quarterback will receive the least amount of money from the winning teams players. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. Discovery Company. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. Despite this, it is likely that the extension of McCaffreys contract will be voided in the future because the pay ceiling for running backs has yet to be raised. Then, in July, he signed a record-setting, , which could be worth up to $503 million. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. the 25-year-old helped fund the purchase of new voting machines to make it happen. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. To learn more or opt-out, read our Cookie Policy. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. According to Forbes, Mahomes has a net worth of $51.5 million, which is just $600,000 more than Tom Brady, who tops their list of quarterbacks with a net worth of $250 million due to a $30 million per year salary plus the $45 million that he will earn through endorsements. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. Patrick Mahomes is the second highest paid athlete in world sport. 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