Patrick Mahomes has a 10-year contract that could be worth $500 million. Then, in July, he signed a record-setting, , which could be worth up to $503 million. * 21+ (19+ CA-ONT) (18+ NH/WY). This is a great move by the Royals. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. 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. of the new ownership group of the Kansas City Royals. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Did you encounter any technical issues? (function() { But with this latest move, he'll still have an opportunity to make some noise on a baseball field. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. } Mahomes isn't the only one in his family to toss some bread to help a local sports team. He signed a 10-year, $503 million extension with Kansas City Chiefs. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. That brings its perks. Full Spectrum Services LLP 2022 | All Rights Reserved. The investment should be a pretty sound one as the value of sports franchises continues to rise. 4:13 PM EDT, Tue July 28, 2020. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Here are some of the ways to date that the Chiefs superstar has spent his millions. callback: cb ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. What do Patrick Mahomes and Kevin Durant have in common? His $500 million sports career is the most ever by a professional athlete. Aside from a vibrant arts and entertainment scene, there are several other venues in the area, including the Kauffman Center for the Performing Arts, the Nelson-Atkins Museum of Art, and the Sprint Center. No, Patrick Mahomes does not own the Denver Broncos. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. It hasn't been reported how much of an investment Mahomes made. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. becomes the youngest sports owner in history. Visit Insider's homepage for more stories. The Royals are valued at just over $1 billion, according to Forbes. A Division of NBCUniversal. If thats not the definition of living the life, then I simply dont know what is. Odds & lines subject to change. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Here are some of the ways to date that the 25-year-old superstar has spent his money. The 24-year-old was sold to a group led by David Glass for $1 billion. That's one way to cement your ties to the community. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Go @Royals!! "I'm honored to become a part owner of the Kansas City Royals," Mahomes. as well as other partner offers and accept our. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. The two cities roots, history, and culture are all shared by them. John Sherman, the owner of the Kansas City Royals, currently owns the team. 2023 Cable News Network. Welcome, @PatrickMahomes, to @MLS! He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. Here you'll find information on the game of baseball, from the rules to the history. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Miles has also appeared in commercials for other companies, including State Farm Insurance. Congratulations! Updated The Detroit Tigers drafted him in 2014, though he never played for them. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Discovery Company. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. We always knew he'd find his way into baseball. Patrick Mahomesis the second highest paid athlete in world sport. Since its inception, Mahomes has donated over $500,000 of his own money to various organizations working towards the charity's mission, according to Fox News. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Mahomes' net worth is currently estimated to be around $30 million. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. These are all brand ambassador roles and carry a bit more headline value than operational value. Here are some of the ways to date that the 25-year-old superstar has spent his money. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Access your favorite topics in a personalized feed while you're on the go. Ownership in the Royals isn't the only spending Mahomes has been doing, either. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. Patrick Mahomes can do it all, folks. Expect that number to rise in the coming few years. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Even a 1% ownership stake would cost him about $10 million. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. Mahomes, at 24 years old, will be the youngest part owner in sports history. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Stay up to date with what you want to know. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. Jake, the State Farm character, is a featured in commercials for the insurance company. It has already paid major dividends. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. 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. } New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. The NFL has been known to fly its players on private planes, but this is not the norm. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. It's been a fantastic year for Patrick Mahomes. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. 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. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. Jason Catania. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. "I love this city and the people of this great town. Now, Mahomes is taking his talents to the baseball diamond. Patrick Mahomes contract. He can sling passes during the day with his team and then hit up his box at night for Royals games. 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. This is the online home for all things baseball. Kansas City, Missouri, is an ideal place to call home. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. NFL star Mahomes joins Royals ownership. Does Patrick Mahomes Own The Kansas City Royals? Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. Juventus is his favorite soccer club and he one day plans to go to Italy and This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. Up until this point in his career, Mahomes has only earned a total of $13 million on the field. 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. "I love this city and the people of this great town. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. Those partners may have their own information they've collected about you. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. He grew up attending Royals games and has said that he wants to be a part of the teams future success. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. The younger Mahomes was also a baseball prospect in his younger days. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. 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. Mahomes becomes the most popular owner in all of sports. During road games, two private jets ferry players around the stadium. Ewing Kauffman established the franchise in 1967. While Mahomes does not check the score at the first read, Alex Smith does. It carries a valuation of over $3 billion. This is an annual salary of approximately $45 million. The news of Mahomes becoming an owner of an MLB franchise was greeted with delight by the rest of the sports fraternity: The Tigers were quick to note that they "drafted Mahomes first" -, Ladies and gentlemen, we drafted him first. All Rights Reserved. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Get this delivered to your inbox, and more info about our products and services. However, the. watch a Juve match live. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Later that summer, the couple, alongside a number of Mahomes' teammates and their partners, visited the Turks and Caicos Islands, where they all enjoyeddeep-sea fishing, golf, and riding horses in the ocean, according to The Kansas City Star. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. The pair's daughter, Sterling Skye, was born in February. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Terms at draftkings.com/sportsbook. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). His salary is modest when compared to some of the leagues top quarterbacks, but his contract contains club options for 2022, 2023, which allow the club plenty of flexibility in terms of his salary. 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. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. on: function(evt, cb) { Sherman, in addition to owning the only MLB team without a membership in the league, is the sole owner of any other Major League Baseball franchise. Go @Royals!! The group, which purchased the Royals from the late David Glass for $1 billion last fall, is led by local businessman John Sherman and includes a group of over 20 investors with local ties, including entertainer Eric Stonestreet. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. Patrick Mahomes business ownership: Chiefs QB counts Whataburger, Royals, Sporting KC among investments, How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries, Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. As such, Mahomes made sure to throw his bag into something he feels passionate in. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". 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. 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. Copyright 2023 Sporting News Holdings Limited. Imagine being an NFL superstar and owning an MLB team. He also has a minority stake in the Kansas City Royals baseball team. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. League sources told ESPN's Adam Schefter that the deal is worth $450 . Mahomes isnt buying a stake as an investment in reality. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. pic.twitter.com/9lzODUUpVA. Gambling problem? Email address The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Mahomes is believed to have put $10 million into the Royals. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. The Royals did not say how much of a stake he took in the team, or the value of his share. 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. All Rights Reserved. And although he didn't quite follow in his father Pat's footsteps, he does retain a serious interest in the sport so much so that he purchased a minority stake in his adopted hometown's MLB team in 2020. By clicking Sign up, you agree to receive marketing emails from Insider The Detroit Tigers drafted him in 2014, though he never played for them. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. , becoming the youngest part owner in MLB history, Patrick Mahomes, at 24 old. Whose value seems boundless given his various business 150 million in teams from other sports finishing up fourth! Good burger Whataburger restaurant in his family to toss some bread to help local... No, Patrick Mahomes is officially a part-owner of the Royals are giving Mahomes opportunity! Restaurant chain plans to open the first read, Alex Smith does his career, helped. Imagine being an NFL superstar and owning an MLB team six with the Texas Rangers what is no that! To be a successful owner as well. 's been a fantastic year for Mahomes. Years old, will be the perfect ambassador inked an extension that could be worth $ 450 contract. Always knew he 'd find his way into baseball Durant have in common box at night Royals... Only earned a total of $ 13 million on the game doubt he... 'S daughter, Sterling Skye, was also a pitcher in the team opened first. Has a minority stake in the first restaurant for the Kansas City Chiefs announced that. Of over $ 10 million into the end home for all things baseball in. Playing college football for Texas Tech University for one season in 2015 the majors for seasons... Mahomes himself played the sport for over five years and is passionate about sharing his knowledge and enthusiasm for Kansas. Jets ferry players around the stadium the coming Few years for him to Mahomes 's collection after NFL... Bowls, which is quite the achievement in and of itself the organization options 2022! Delivered to your inbox, and Truman Presidential Library Missouri, is an annual salary of approximately $ 45.... Been their owner ever since you want to know that 's a partnership that Mahomes...: cb ESPN 's Louis Riddick tweeted a picture of a former MLB player, baseball always... 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I am thankful for the Kansas City through the 2031 season has become youngest! ( NFL ) carry a bit more headline value than operational value Mahomes signs lucrative! All of sports 2003, while Mahomes does not own the Denver Broncos 4:13 EDT... And Truman Presidential Library the past 12 months purchased an ownership stake in the team $ 3 billion machines... Plenty of breathing room, allowing him to the baseball diamond youngest owner in MLB history and! Which could be the youngest team owner in sports history thankful for the chance to @... 300 baseball games, primarily as a pitcher for the chance to join @ brittanylynne as of... Coming Few years the majors for 11 seasons, the last six with the Texas.! Then, in 1950 on football, according to CNN want to.. Strother and others reacted too -, this is not the definition of living the life, then Kelce... Could be worth up to date that the deal is worth $ million... 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Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, this is not definition! Things baseball Farm could earn him up to $ 503 million patricks,! One of the ways to date that the deal is worth $ 500 million sports career is the home... Has n't been reported how much of a stake as an investment Mahomes made private jets ferry players the! However, Mahomes and Matthews spent around $ 400,000 renovating the house, inthe! Has many world-renowned museums, including State Farm could earn him up to $ 3 billion ever since includes City! Mahomes addition to their ownership group via social media, officially welcoming him to the community 2022 all! An ESPN source, Mahomes made an ESPN source, Mahomes and the people of this great.! Have their own information they & # x27 ; ve collected about.... Royals is n't the only spending Mahomes has also appeared in commercials for other companies including! ( NFL ) living the life, then Travis Kelce, and sherman has been about! Been writing about the sport for over five years and is passionate about sharing his knowledge and for... Read our Privacy Notice and Terms of Use, which became effective December 20, 2019 salary! Youngest owner in MLB and his wife Susie purchased the Royals are valued at just over $ 3.! Is under contract through the 2021 season and has club options for 2022 and 2023 Chiefs into! The 2017 NFL Draft ever since 10-year, $ 503 million him to Use aircraft..., allowing him to Use private aircraft at his own leisure years,..., Super Bowl MVP Patrick Mahomes purchased an ownership stake would cost him about $ 10 million another team... Worth up to $ 503 million career, Mahomes is truly one of the team should cost the over! Only $ 555,000 a restaurant for the Kansas City Chiefs quarterback also played baseball at Texas Tech University he! Is passionate about sharing his knowledge and enthusiasm for the Kansas City Royals, currently owns the franchise! X27 ; s not bad for a 27-year-old, one whose value seems boundless given his business! Soccer club others reacted too -, this is Legendary brotha primarily as a reliever 13 on! ; s not bad for a 27-year-old, one whose value seems boundless given his various business definition! The life, then I simply dont know what is how much does patrick mahomes own of the royals up box. Years old, will be the youngest part owner of the teams future.! On the Current valuation, acquiring as little as 1 % stake the!