put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. 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. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. "I love this city and the people of this great town. While Mahomes does not check the score at the first read, Alex Smith does. 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. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. If thats not the definition of living the life, then I simply dont know what is. Mahomes is also investing in businesses around Kansas City. The Detroit Tigers drafted him in 2014, though he never played for them. "Patrick Mahomes YOU THE BEST #momcar.". I cant wait to see what he does next. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Access your favorite topics in a personalized feed while you're on the go. 2023 CNBC LLC. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. callback: cb The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Even a 1% ownership stake would cost him about $10 million. I love this city and the people of this great town. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. https://t.co/D5yq8JTThK, Howdy partner! It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Patrick Mahomes 'left some on the table' on his recent mega-extension so his teammate could sign an $85 million contract, Patrick Mahomes beat Post Malone in beer pong so bad the singer got a tattoo of the quarterback's autograph, Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more, Patrick Mahomes signed a $503 million deal and even LeBron James is asking for a loan. 7/28/2020 9:34 AM PT. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Kansas City Royals soon announced the news via a statement released on Tuesday. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. No products in the cart. "I love this city and the people of this great town. The portion that he owns has not been disclosed, but it is likely a very small portion. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Ewing Kauffman established the franchise in 1967. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. 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. The Royals are valued at just over $1 billion, according to Forbes. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Mahomes, a two-time Pro Bowler, recently became the richest NFL player in the league after signing a 10-year contract worth more than $500 million if bonuses are earned. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Patrick Mahomes -- the star quarterback of the Kansas City Chiefs and reigning Super Bowl Most Valuable Player -- now is part owner of the Royals, the franchise announced Tuesday. The younger Mahomes was also a baseball prospect in his younger days. 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. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. 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. Mahomes was named the NFL MVP and Offensive Player of the Year. During his career, Eli Manning set a league record for career earnings with $252 million. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). 2023 Celebrity Net Worth / All Rights Reserved. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. 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. { He has been a huge supporter behind-the-scenes. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. Top editors give you the stories you want delivered right to your inbox each weekday. Welcome, @PatrickMahomes, to @MLS! But That Won't Be The Case For Long. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. The Royals have added some Kansas City royalty to their franchise. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. At 10780 Parallel Parkway, near the Legends shopping center in Kansas City, Kansas, a custom mural, a Patrick Mahomes jersey, and a plaque #15 commemorate this restaurant. "We are very proud and excited to have Patrick as our partner in the ownershipgroup of this franchise," John Sherman, chairman, CEO and principal owner of the Royals, said in a statement. Congratulations! Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Kansas City Royals (@Royals) July 28, 2020 "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise," Royals principal owner and CEO John Sherman . Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. 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. Mahomes' net worth is currently estimated to be around $30 million. Although it's unclear quite how much Mahomes has invested into the firm, it does seem to be making an impact: the company is planning on opening 30 locations in the Kansas City area by 2027. "We are very . When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. Access your favorite topics in a personalized feed while you're on the go. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. 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. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. Launched in 2019, "15 and the Mahomies" is a charity that "is"dedicated to improving the lives of children" through "initiatives that focus on health, wellness, communities in need of resources and other charitable causes.". Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. "I love this city and the people of this great town. That's not bad for a 27-year-old, one whose value seems boundless given his various business. 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. 2. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. The pair's daughter, Sterling Skye, was born in February. The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. Super Bowl Champion. Its cool to be able to say I own part of a sports team and celebrity ownership of franchises is a storied history that includes owners like Jay-Z (who owned less than 1 percent of the Brooklyn Nets), Jennifer Lopez and then husband Marc Anthony (unreported amount of the Miami Dolphins), Bill Maher (who at one pint owned 1-4% of the Mets), Justin Timberlake (Memphis Grizzlies), Will Smith (Philadelphia 76ers), and others. 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. Sara King is accused of . Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. The 24-year-old was sold to a group led by David Glass for $1 billion. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. And now the newest member of the @SportingKC ownership group! While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Chiefs quarterback Patrick Mahomes has found a way to spend a little of the money coming his way.Mahomes signed an extension through 2031 earlier this month that can pay him up to $503 million and . MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. Email address The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . Im starting to think he might be superhuman. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. https://twitter.com/LRiddickESPN/status/1288170131311525888. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. Patrick Mahomes #15 of the Kansas City Chiefs celebrates after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. He is currently Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. event : evt, 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. The younger Mahomes was also a baseball prospect in his younger days. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. Sherman has served in the United States Army. In addition, he is the youngest quarterback to throw for six touchdown passes in a game.
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