The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. There is no denying that Patrick Mahomes is a rising star in the NFL. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. 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. Mahomes is believed to have put $10 million into the Royals. The portion that he owns has not been disclosed, but it is likely a very small portion. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. Mahomes is also investing in businesses around Kansas City. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. 2023 Cable News Network. Mahomes will not be competing for a roster spot, but he will get the chance to work with the coaching staff and get some valuable experience. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. appreciated. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. I cant wait to see what he does next. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. Access your favorite topics in a personalized feed while you're on the go. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. of the new ownership group of the Kansas City Royals. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Kansas City Royals soon announced the news via a statement released on Tuesday. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. Just weeks after inking a 10-year . Patrick Mahomes contract. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Be it helping Texas Tech to reach a wider audience by striking a marketing alliance with Kansas City Chiefs or being a stakeholder in Kansas City Royals baseball team, the Texas Tech Raiders alumni has always given his all on and off the field. Mahomes' net worth is currently estimated to be around $30 million. 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. Patrick Mahomes is the second highest paid athlete in world sport. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. It has already paid major dividends. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". No, Patrick Mahomes does not own the Denver Broncos. Heres What We Know about Brittany Matthews. 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. Got a confidential news tip? I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. 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. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Mahomes isnt buying a stake as an investment in reality. During his career, Eli Manning set a league record for career earnings with $252 million. The portion that he owns has not been disclosed, but it is likely a very small portion. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. 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 . Imagine being an NFL superstar and owning an MLB team. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. He found one last month when he bought into the ownership group of the Royals. Sherman has a unique position in this situation, and he might be able to exploit it. That's one way to cement your ties to the community. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. Earlier his month, Patrick Mahomes became the first North Americanathlete to rake in a half-a-billion dollar deal after he signed a10-year, $503 million extensionwith Kansas City Chiefs. Go @Royals!! Your effort and contribution in providing this feedback is much The Royals are valued at just over $1 billion, according to Forbes. Burger stands. Updated The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. 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. According to Forbes, the franchise was valued at roughly a billion dollars back then. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. Kansas City Chiefs quarterback Patrick Mahomes has purchased a share of the Kansas City Royals, making himself the youngest part-owner in sports history and a two-sport Kansas City star. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. Top editors give you the stories you want delivered right to your inbox each weekday. He also won the NFL MVP in 2018. The new deal was touted as the largest contract in sports history. The megadeal came after Mahomes won the Super Bowl MVP Award for the Chiefs last season and was named NFL MVP for the 2018 season. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. He even considered playing baseball instead of football when he was in high school. According to the Royals, he purchased a stake in the team, but it was not disclosed how much he purchased or what his value was. Ewing Kauffman established the franchise in 1967. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). Mahomes joined the HyperIce team in 2020. watch a Juve match live. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. "I love this city and the people of this great town,". "I love this city and the people of this great town. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Stay up to date with what you want to know. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. Only FC Barcelona forward Lionel Messi can claim to earn more in wages alone, having signed a four-year,$670 million deal with the Spanish giant in 2017. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. 2. It carries a valuation of over $3 billion. You could also argue that Mahomes is attempting to appear wealthy. NBA star LeBron James is a minority owner Premier League champions Liverpool FC,Russell Wilson is a part-owner of MLS franchiseSeattle Sounders F.C while Kevin Durant recently joined MLS' Philadelphia Union as part-owner. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. 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. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. He already owns a stake in the Kansas City Royals in Major League Baseball, and his fiance, Brittany Matthews, also owns a stake in the Kansas City Wizards in the National Womens Soccer League. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Is it possible that Patrick Mahomes is intentionally making fun of his fans? Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US We always knew he'd find his way into baseball. "I love this city and the people of this great town. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. Patrick Mahomesis the second highest paid athlete in world sport. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Ownership in the Royals isn't the only spending Mahomes has been doing, either. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. He also has a minority stake in the Kansas City Royals baseball team. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. @ JayCat11. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. He has a net worth of $40 million and is one of the wealthiest people in the world. Patrick Mahomes is having quite the year. Go @Royals!! New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. This is a great move by the Royals. on: function(evt, cb) { David Suggs is a content producer at The Sporting News. 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