Patrick Mahomes has one of the richest contracts in NFL history — here’s how the Chiefs QB spends his money
- Patrick Mahomes signed the biggest deal in NFL history in 2020.
- As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field.
- Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants.
Patrick Mahomes was drafted out of Texas Tech with the 10th overall pick by the Kansas City Chiefs at the 2017 NFL Draft.
Read more: The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal
After spending his rookie year backing up veteran Alex Smith, Mahomes took over the starting job in Kansas City in his second season — and was an immediate sensation.
Read more: How Patrick Mahomes went from a high school baseball star to the face of the NFL
He was named MVP of the 2018 season before his team to a Super Bowl victory the very next year.
Read more: Patrick Mahomes once again proved he is the king of NFL comebacks, erasing a 10-point 4th quarter deficit to win Super Bowl LIV
In 2020, Kansas City committed to Mahomes with the biggest contract in NFL history.
Read more: Why Patrick Mahomes’ record-breaking $503 million contract extension still looks like a bargain for Kansas City
A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time.
Read more: Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more
With an average annual value of $45 million, Mahomes has plenty of money to spend.
In addition to the money he makes on the field, Mahomes also has several impressive endorsement deals with high-profile brands.
According to Forbes, Mahomes made $20 million in sponsorship deals in 2021, second only to Tom Brady among NFL athletes.
Mahomes has featured regularly in commercials for State Farm insurance.
He has also lined up across from Troy Polamalu while promoting Head and Shoulders.
Mahomes has a deal with Bose, promoting their headphones, both in television commercials and on Instagram.
His hydration is sponsored by Essentia water.
Mahomes also has a big partnership with Adidas.
The Adidas deal includes his own line of shoes.
Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades.
With all of his earnings both on and off the field, Mahomes has developed quite the investment portfolio.
Mahomes bought a slice of MLB’s Kansas City Royals, furthering his commitment to his adopted city.
Read more: Patrick Mahomes spent some of his $503 million Chiefs mega deal buying a stake in the Kansas City Royals, becoming the youngest owner in MLB history
His wife, Brittany Matthews, also bought a share of the city’s women’s soccer team, the Kansas City Current.
Read more: Patrick Mahomes — fiancé of KC NWSL team owner Brittany Matthews — rocks fiancée’s jersey at the team’s first home game
In January of 2023, Mahomes joined his wife as a part-owner of the Kansas City Current.
Mahomes also has a stake in Kansas City’s MLS team, Sporting KC.
Outside of sports, Mahomes has also invested in the restaurant industry.
—Patrick Mahomes II (@PatrickMahomes) June 7, 2022
A native Texan, Mahomes worked with a franchise group to help bring Whataburger to the greater Kansas City area.
—Patrick Mahomes II (@PatrickMahomes) November 16, 2018
Mahomes’ preferred meal is “the #1 with cheese, ketchup, and pickles only with a large fry and a large coke,” though he mixes his order up.
—Patrick Mahomes II (@PatrickMahomes) March 24, 2021
Source: 610 Sports Radio
He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors.
But Mahomes doesn’t put all of his money to work, as he knows how to have a good time as well.
Mahomes enjoyed some fun in the sun at Formula 1’s Miami GP earlier this summer.
He’s also an avid golfer, having teed it up alongside the likes of fellow sports superstar Stephen Curry.
Mahomes was even featured in one iteration of “The Match,” teaming up with Josh Allen to face off against Aaron Rodgers and Tom Brady to raise money for charity.
The Mahomes family continues to grow, with Patrick and Brittany welcoming their second child in November of 2022.
With plenty of time (and money) left on his deal with the Kansas City Chiefs, life for Patrick Mahomes is pretty good.