Patrick Mahomes, who topped the Madden 24 ratings, is undoubtedly one of the best quarterbacks in the NFL. The Kansas City Chiefs star has gained everyone’s attention with his performance on the field. Keeping his potential in mind, the Chiefs signed him in a $450 million deal which made headlines at that time. But now as per the highest-paid player rankings, Mahomes is not even in the top 5.
When Patrick Mahomes signed the 10-year contract extension in July 2020, it seemed like a historic move. The Chiefs had just won their 1st Super Bowl and the first thing they did was lock Mahomes until 2032. Considering this huge contract, the quarterback appeared to be one of the highest-paying NFL players but he’s not.
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As per the latest rankings, Patrick Mahomes comes at no. 08 in terms of the highest-paid players. The player with the highest average salary is Justin Herbert of the LA Chargers. The young talent recently signed a five-year contract extension with the team with an average salary of $52.5 million. The deal is worth a massive $262.5 million which made him the highest-paid player.
🚨 🚨 🚨
The #Chargers and star QB Justin Herbert have agreed to terms on a blockbuster 5-year extension worth $262.5M, per me and @MikeGarafolo, including monster guarantees to protect Herbert and lock him in for the future.
💰 💰 💰 pic.twitter.com/iMyKEkYLke— Ian Rapoport (@RapSheet) July 25, 2023
Succeeding Herbert is Lamar Jackson of the Baltimore Ravens with an average salary of $52 million. After him comes Philadelphia Eagles’ star Jalen Hurts who reportedly has an average salary of $51 million. Patrick Mahomes, on the other hand, ranks at eight with an average salary of $45 million.
The huge contract of Patrick Mahomes that seemed surreal at the time now appears to be nothing in front of others. Though the two-time Super Bowl winner is still there in the top 10, fans must have expected him to be in the top five.
What is the net worth of Patrick Mahomes?
When the Kansas City Chiefs drafted him in his rookie season, he was getting only $5.5 million yearly. But then the team recognized his potential and signed a 10-year contract extension with him.
It was a $450 million contract which included $63 million guaranteed and a signing bonus worth $10 million. Along with that, the deal also comprised $141 million guaranteed in case of injury. According to reports, a sum of $477 million could also become guaranteed in the future as per Mahomes‘ roster status.
The contract extension with the Chiefs is helping Patrick Mahomes earn a yearly salary of $45 million. Moreover, the star quarterback also gets a sum of around $7 million through his endorsement deals. His NFL salary and his endorsement deals are the reason behind his massive net worth of $40 million currently.
Now it’ll be interesting to see how the ten years of Patrick Mahomes go with the Kansas City Chiefs. Fans must be waiting to see him dominate the field in the coming years to prove his worth.