Patrick Mahomes Salary, Net Worth, Contract

Patrick Mahomes Salary
abc Salary $5,500,000
abc Net Worth $10,000,000
Source of Income NFL
abc Forbes (Market Value) $10,693,016
Total Contract Value $450,000,000 (10 years)
Total Cap $332,303,413

Whoa, slow down there! Have you been informed about Patrick Mahomes’ new contractual agreement with the Kansas City Chiefs? It’s quite significant! He has officially inked a ten-year deal that is worth a colossal $450 million, with an added $10 million signing bonus. Can you even begin to fathom that? A whopping $141 million of that sum is guaranteed, while he will be making an average of $45 million per year. Astounding, isn’t it?

But here’s the kicker, wait until 2023, when he will be earning a base salary of $5.5 million, coupled with a roster bonus of $34.4 million and a workout bonus of $550,000. His cap hit is expected to be at $46.8 million, with a dead cap value of $94.9 million. Unbelievable, isn’t it? That’s an absolute fortune.

Year Yearly Base Salary Cap Hit
2020 $825,000 $5,346,508
2021 $990,000 $7,433,381
2022 $1,500,000 $35,793,381
2023 $5,500,000 $46,793,381
2024 $2,500,000 $44,293,381
2025 $2,500,000 $46,293,381
2026 $2,500,000 $41,950,000
2027 $10,000,000 $59,950,000
2028 $13,000,000 $44,450,000

The paramountcy of Patrick Mahomes among NFL quarterbacks is undeniable. As the Kansas City Chiefs take notice of his abilities, they have successfully secured him with a remarkable 10-year contract amounting to a whopping $450 million.

The contractual details include a signing bonus of $10 million with a guaranteed amount of $141.5 million. This makes Mahomes the highest paid player in NFL history, with an average annual salary of $45 million. For the 2023 season, Mahomes will receive $5.5 million as a base salary, $34.4 million as a roster bonus, and a $550,000 workout bonus. All in all, his earnings for 2023 will add up to $40.5 million.

Patrick Mahomes Salary

Furthermore, Mahomes’ contract will greatly affect the Chiefs’ salary cap, with his cap hit for 2023 at a staggering $46.8 million and his dead cap value amounting to a substantial $94.9 million. This emphasizes the Chiefs’ belief in his leadership and his ability to steer the team towards success.

Mahomes has certainly left an indelible mark on the NFL since his draft by the Chiefs in 2017. He led the Chiefs to the AFC Championship in his first season as a starting quarterback, where he was bestowed with the NFL MVP award. The following year, he secured his status as one of the league’s premier quarterbacks by winning the Super Bowl and earning the Super Bowl MVP award.

Patrick Mahomes Net Worth over the years
2023 $10,000,000
2022 $7,142,857
2021 $5,102,041
2020 $3,644,315

With this contract, the Chiefs have confirmed that Mahomes will lead their offense for the next decade. Considering his record so far, it is safe to assume that he will continue to excel on the field and bring success to the team.

The Chiefs’ faith in Mahomes is evident through this contract, and it is enthralling to speculate on what the future holds for the quarterback and the team.

  • April 2, 2023