The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. 2023 Cable News Network. The younger Mahomes was also a baseball prospect in his younger days. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. "I love this city and the people of this great town. This opportunity allows me to deepen my roots in this community, which is something Im excited to do., Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. "I love this city and the people of this great town. Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. 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. That's a lot of zeroes before you even get to his endorsements and investments. It has already paid major dividends. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. During road games, two private jets ferry players around the stadium. A big reason why is his commitment to getting proper treatment postgame. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. Pat played for several Major League Baseball teams between 1992 and 2003. He signed a 10-year, $503 million extension with Kansas City Chiefs. 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. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. ); Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. The 24-year-old was sold to a group led by David Glass for $1 billion. Mahomes has stayed fairly healthy over the course of his career. 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. The Chiefs QB also joined the team as part of the ownership group. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. Mahomes' baseball path begins with his dad, also named Pat Mahomes. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Mahomes has already enjoyed an extraordinary career in the NFL having won a Super Bowl, a Super Bowl MVP, and regular season MVP, but he's also no stranger to baseball. Full Spectrum Services LLP 2022 | All Rights Reserved. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. Top editors give you the stories you want delivered right to your inbox each weekday. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. John Sherman, the owner of the Kansas City Royals, currently owns the team. There is no denying that Patrick Mahomes is a rising star in the NFL. That's not bad for a 27-year-old, one whose value seems boundless given his various business holdings, as well as the gaudy nature of his contract. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. window.mc4wp.listeners.push( Whataburger is a German treat. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. } NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. 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. Discovery Company. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. However, the. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. TMZ.com. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. pic.twitter.com/02QhQKrAGs, Don Garber (@thesoccerdon) July 27, 2021, Commenting about adding Sporting Kansas City to his collection, Mahomes said, I am grateful for the opportunity to join Sporting Kansas Citys ownership team and strengthen my connection to the fans and the city I love. 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. 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. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. He also won the NFL MVP in 2018. Even a 1% ownership stake would cost him about $10 million. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. 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. Mahomes' net worth is currently estimated to be around $30 million. 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. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. All Rights Reserved. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. Visit Insider's homepage for more stories. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. The fancy reveal, which took place last October, featured hundreds of balloons, worded lights, and matching "Baby Daddy" and "Baby Momma" shirts for Mahomes and Matthews. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Im starting to think he might be superhuman. Top editors give you the stories you want delivered right to your inbox each weekday. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Imagine being an NFL superstar and owning an MLB team. Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. The company is currently valued at $700 million. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. 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. No products in the cart. BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. To learn more or opt-out, read our Cookie Policy. Mahomes is also investing in businesses around Kansas City. Fresh off the back of signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million, Patrick Mahomes has now become the youngest team owner in MLB history after purchasing a stake in the Kansas City Royals at the age of 24. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. July 28th, 2020. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. Submit a correction suggestion and help us fix it! In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. 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. event : evt, listeners: [], Patrick Mahomes has joined the ownership group for the Kansas City Royals. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. The two cities roots, history, and culture are all shared by them. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. If thats not the definition of living the life, then I simply dont know what is. "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. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. The Royals have added some Kansas City royalty to their franchise. He is currently Tigers' Bullpen Sharp In 4-3 Win Over Royals, Royals Sign Matt Harvey To Minor League Deal, Royals Slug 6 HRs In 14-6 Win Over Tigers, Holland Fans Side In 10th, Royals Trim Indians 3-2. "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise, Chairman, CEO and principal ownerJohn Sherman said in the pressrelease. 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.". The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. Juventus is his favorite soccer club and he one day plans to go to Italy and Heres What We Know about Brittany Matthews. The Kansas City Chiefs quarterback has a ten-year contract. 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. @ JayCat11. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. appreciated. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. As a professional athlete, few things are as important as recovery. The Kansas City Chiefs quarterback won a Super Bowl in February. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Access your favorite topics in a personalized feed while you're on the go. Suresh Menon is an NFL and Football writer at EssentiallySports. Odds & lines subject to change. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Mahomes, at 24 years old, will be the youngest part owner in sports history. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. Mahomes isn't the only one in his family to toss some bread to help a local sports team. He is also known for his flashy lifestyle, which extends beyond his on-field success. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. 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. 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. 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