How Much Does Patrick Mahomes Get Paid?

As one of the biggest stars in the NFL, Patrick Mahomes commands a hefty paycheck. Let’s break down his salary in detail:

Base Salary

In 2020, Mahomes signed a 10-year, $450 million contract with the Kansas City Chiefs. This deal made him the highest-paid player in NFL history.

Base salary in 2023: $35.8 million
Base salary in 2024: $38.7 million
Base salary increases annually: By approximately $2.9 million

Signing Bonus

As part of his contract, Mahomes received a $10 million signing bonus. This lump sum is paid out in the first year of the deal.

Roster Bonus

Mahomes also earns an annual roster bonus of $10.8 million. This bonus is paid out in two installments, on March 15th and September 15th.

Workout Bonus

Mahomes receives a $500,000 workout bonus each year for completing the Chiefs’ offseason workout program.

Endorsements

In addition to his base salary and bonuses, Mahomes earns a significant amount of money through endorsements. He has deals with brands such as:

State Farm Insurance
Nike
Hunt’s Ketchup

It is estimated that Mahomes earns around $10 million per year from endorsements.

Total Earnings

Combining his base salary, bonuses, and endorsements, Patrick Mahomes’ total earnings are estimated to be:

2023: $47.3 million
2024: $50.2 million

Mahomes’ contract is structured to increase in value over time, so his earnings will continue to rise in the coming years.

Conclusion

Patrick Mahomes is one of the most dynamic and highly paid athletes in the world. His lucrative contract reflects his exceptional talent and the high value that the NFL places on quarterbacks.

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