The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Whatcha think @PatrickMahomes ? @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. He signed a 10-year, $503 million extension with Kansas City Chiefs. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise, Chairman, CEO and principal ownerJohn Sherman said in the pressrelease. 2023 Celebrity Net Worth / All Rights Reserved. It is not only Kansas largest city, but it is also its largest city in terms of population. Sherman has served in the United States Army. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. The value of almost every individual. According to Forbes, the franchise was valued at roughly a billion dollars back then. The quarterback is apparently wasting no time to put his enormous payday to use. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. This is an annual salary of approximately $45 million. 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. Mahomes also owns part of the Kansas City Royals. Top editors give you the stories you want delivered right to your inbox each weekday. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. The pair's daughter, Sterling Skye, was born in February. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. While this measure will almost certainly die in the Patrick Mahomes II Kansas City 2X MVP Super Bowl LVII Signature shirt also I will do this Senateas much good legislation doesit's still Democrats last chance to save reproductive rights on a federal level. The source also added that Mahomes has attended at least 12 MLS matches at Childrens Mercy Park, and even led the I Believe chant prior to a 2018 playoff game.. Juventus is his favorite soccer club and he one day plans to go to Italy and Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. Mahomes is the son of Pat Mahomes, a former major league pitcher. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. If thats not the definition of living the life, then I simply dont know what is. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. becomes the youngest sports owner in history. As a result, other running backs in the NFL may be able to earn more money in the future. Discovery Company. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Mahomes is also investing in businesses around Kansas City. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Quarterback Patrick Mahomes of the Kansas City Chiefs watches the Kansas City Royals take batting practice prior to a game against the New York Yankees at Kauffman Stadium on May 18, 2018 in Kansas City, Missouri. the 25-year-old helped fund the purchase of new voting machines to make it happen. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! That's not bad for a 27-year-old, one whose value seems boundless given his various business. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. We always knew he'd find his way into baseball. Not only is he a Texas native. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. Still, if Mahomes needed an advance to purchase a larger stake in the team (of say 2-3 percent), he would likely be able to find that in an owner-financed sale in which he would pay it off over time as more of his contract becomes guaranteed. Seriously, is there anything this man cant do? Sign up for notifications from Insider! This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. as well as other partner offers and accept our, John Sleezer/Kansas City Star/Tribune News Service via Getty Images, Doug Murray/Icon Sportswire via Getty Images. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. 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. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. As such, Mahomes made sure to throw his bag into something he feels passionate in. Mahomes joined the HyperIce team in 2020. Speculating the numbers behind the deal. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Thats right, the same Patrick Mahomes who was named the Super Bowl MVP in February is also a minority owner of the Kansas City Royals, one of the most storied franchises in Major League Baseball history. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. If Kansas City Chiefs quarterback Patrick Mahomes' love for the city wasn't clear, it was obvious after the quarterback purchased a part of the Kansas City Royals on July 28. Burger stands. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. There is no denying that Patrick Mahomes is a rising star in the NFL. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. Updated The son of former Major League Baseball (MLB) pitcher Pat Mahomes, he initially played college football and baseball at Texas Tech University.Following his sophomore year, he quit baseball to focus solely on football. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that brought the value of his 12-year contact to as much as $503 million. This is the online home for all things baseball. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. 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. as well as other partner offers and accept our. pic.twitter.com/TmTsqIV9QE, "We are so thrilled to make this a family affair and have Patrick join as an owner, Brittany Mahomes said in a statement. Commercial flights have replaced traditional charter flights as the primary mode of transportation for NFL players. Ownership shares dont trade on any liquid market (although that may be changing) so its not like Mahomes can go log into his broker and pick up a couple shares. In fact, the day after his son was born, the elder Mahomes picked up the save after throwing 3 1/3 shutout innings against the Royals. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Here are some of the ways to date that the Chiefs superstar has spent his millions. As part of the renovations, the couple built a gym and a custom shoe closet for Mahomes' massive sneaker collection, which features upwards of 180 pairs. During road games, two private jets ferry players around the stadium. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. The Dobsons owned the chain for much of its history, but it was purchased by a private equity firm and the family still owns a small stake. She recently took a position as a part owner of the Kansas City NWSL expansion team, having previously played for both college and professional soccer teams. All Rights Reserved. Here are some of the ways to date that the 25-year-old superstar has spent his money. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. His passion for the Current is undeniable, and I am glad that he will be with us as we continue on our journey to become the best in the NWSL. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. pic.twitter.com/02QhQKrAGs, Don Garber (@thesoccerdon) July 27, 2021, Commenting about adding Sporting Kansas City to his collection, Mahomes said, I am grateful for the opportunity to join Sporting Kansas Citys ownership team and strengthen my connection to the fans and the city I love. There is a significant amount of economic activity in Kansas City. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. With His Second Super Bowl Win Patrick Mahomes Is On Pace To Become The Wealthiest Quarterback In The NFL, Patrick Mahomes Could Earn A Record Deal Worth More Than $200 Million, Tom Brady Is Six Times Richer Than Patrick Mahomes Heading Into Super Bowl LV. Unlike MLB deals, NFL contracts arent fully guaranteed, so Mahomes cant quite start spending like he has earned his entire half a billion dollar contract. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. More than 300 baseball games, primarily as a reliever soccer club a.... But he 's also purchased some serious stock in Whataburger, the franchise was valued roughly... Consecutive AFC Championship games throw his bag into something he feels passionate in became the part-owner of another professional:., according to a statement issued by the Kansas City Chiefs of the ways to date the!, is up for sale for almost $ 5 million 'd find way... 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