Patrick Mahomes Net Worth: Could The Chief’s Superstar Become The Highest Paid Player In NFL History?
Patrick Mahomes enjoyed a breakout year for the Kansas City Chiefs last season and has his eyes set on a major contract. After spending the past two seasons on his rookie deal, Mahomes is eligible to sign a new contract after the upcoming season. If he continues at his current pace – which won him an MVP award last season – then some experts believe he could become the highest paid quarterback in the history of the game.
How much is Patrick Mahomes worth?
Despite being one of the best quarterbacks in the NFL, Mahomes earns less money than the vast majority of players at his position. In fact, Mahomes does not even crack the top five earners on the Chiefs, let alone the rest of the league.
According to Express, Mahomes earns $4.4 million per season and has a net worth of close to $9 million. This makes Mahomes the 934th highest paid player in the NFL.
For a comparison, Mahomes’ former teammate, Justin Houston, makes over $20 million a year. Mahomes’ earnings, of course, are going to significantly change after the 2019 season. After leading the Chiefs to the AFC Championship round and winning the NFL MVP, Mahomes is expected to sign a lucrative extension in the near future. The only question is whether his new contract will make him the highest paid player in the history of the NFL.
Will Patrick Mahomes be the highest paid NFL player next year?
Matt Ryan currently holds the record for the highest paid player in the NFL, at least in terms of an overall contract. The Atlanta Falcons quarterback signed a deal for $150 million last May, which will be paid out over the course of five years.
Aaron Rodgers, meanwhile, pulls down the most money per season at $33.5 million annually. Rodgers’ overall contract, however, is worth $134 million. Experts are predicting that Mahomes will be offered a contract upwards of $200 million, which would make him the highest paid NFL player ever, both in terms of overall contract and yearly salary. If Mahomes signs a five-year deal, for example, he would make around $40 million a year.
While Mahomes is set to score big next offseason, we still do not know when he might sign a new deal. He is eligible for an extension next year, but the Chiefs could opt to retain his services until his contract is up in 2021. That is unlikely given how Mahomes has performed. Based on his achievements, most experts agree that the Chiefs will offer him a huge deal that tests the limits of the salary cap.
Can the Chiefs afford Patrick Mahomes?
Although the Chiefs will do everything in their power to keep Mahomes, they will likely have to cut some of their talent to make it happen. In fact, the Chiefs have several players that earn substantially more than Mahomes’ base salary of $650,000.
This includes Sammy Watkins, Eric Fisher, Travis Kelce, and Anthony Hitches, just to name a few. The organization is also expected to offer Tyreek Hill, one of the best wide receivers in the game, a large contract this year. But fitting in a deal with Hill and a $200 million contract with Mahomes next season will be tricky. If they do not offer Hill enough, it is possible that he goes to another team.
Patrick Mahomes celebrates MVP season
Given his performance last season, Mahomes has enjoyed plenty of accolades this offseason. Earlier this month, Mahomes was awarded the Kansas City Marriott Downtown Sportsman of the Year trophy.
In his acceptance speech, Mahomes thanked the people of Kansas City for their support the past two seasons and said that he hopes to remain a Chief for a long time. He is also looking forward to the NFL draft coming to the city, a move he thinks will benefit everyone who calls Kansas City their home.
Patrick Mahomes has not commented on the speculation surrounding his new contract. He is currently gearing up for the 2019 season of the NFL and is likely focusing on what all Chiefs fans want next season: a trip to the Super Bowl.