Submit a correction suggestion and help us fix it! The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. NFL MVP. 2023 Cable News Network. Copyright 2023 Sporting News Holdings Limited. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. Mahomes has stayed fairly healthy over the course of his career. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Because he has agreed to a contract extension until 2021, the club is certain to keep him on its roster for the next two seasons. 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. Terms at draftkings.com/sportsbook. David Suggs is a content producer at The Sporting News. 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 said in a statement. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Expect that number to rise in the coming few years. Patrick Mahomes has joined the ownership group for the Kansas City Royals. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. CNNs Kevin Dotson contributed to this story. @NWSL team next? League sources told ESPN's Adam Schefter that the deal is worth $450 . He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. of the new ownership group of the Kansas City Royals. Mahomes joins an ownership group led by businessman John Sherman and more than 20 investors with ties to Kansas City, including actor Eric Stonestreet. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. That's a lot of zeroes before you even get to his endorsements and investments. Now hell own the Kansas City Royals. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. 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. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Your effort and contribution in providing this feedback is much It's fair to say he made the right choice by playing football. The 24-year-old quarterback recently led the Kansas City Chiefs to victory in Super Bowl LIV, garnering Super Bowl MVP honors in the process, and then . As a result, other running backs in the NFL may be able to earn more money in the future. Whataburger is a German treat. 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. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. event : evt, 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. Because of his services, the Chiefs should pay him a fair salary. (RELATED: David Hookstead Is The TrueKingIn TheNorthWhen It Comes To College Football), Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Mahomes isnt buying a stake as an investment in reality. Odds & lines subject to change. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. 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. Patrick Mahomes can do it all, folks. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. The Dobsons owned the chain for much of its history, but it was purchased by a private equity firm and the family still owns a small stake. https://t.co/D5yq8JTThK, Howdy partner! Mahomes was named the NFL MVP and Offensive Player of the Year. It hasn't been reported how much of an investment Mahomes made. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- He grew up attending Royals games and has said that he wants to be a part of the teams future success. Welcome, @PatrickMahomes, to @MLS! Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. John Sherman, the owner of the Kansas City Royals, currently owns 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. } MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. 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. window.mc4wp = window.mc4wp || { The quarterback is apparently wasting no time to put his enormous payday to use. By clicking Sign up, you agree to receive marketing emails from Insider Whataburger will open two new restaurants in Platte County in 2023. https://t.co/I3ItyS5CO0, . In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. As of right now, Patrick Mahomes owns 2% of the Royals. Injuries cause Royals to seek more outfield depth, The Royals could be adding to the outfield, over 20 investors with local ties, including entertainer Eric Stonestreet, signing a 10-year contract with the Chiefs. Juventus is his favorite soccer club and he one day plans to go to Italy and Gambling problem? * 21+ (19+ CA-ONT) (18+ NH/WY). The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. If he hits all his incentives, then . "We are very . Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. Then, in July, he signed a record-setting, , which could be worth up to $503 million. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. Up until this point in his career, Mahomes has only earned a total of $13 million on the field. And now the newest member of the @SportingKC ownership group! This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. Whatcha think @PatrickMahomes ? When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. Largely decorative legislation is seemingly the only chance Democrats have to . According to Forbes, the franchise was valued at roughly a billion dollars back then. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Mahomes capped off the month by. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Suresh Menon is an NFL and Football writer at EssentiallySports. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. City services include health care, financial services, and technology. Just weeks after inking a 10-year . That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. What do Patrick Mahomes and Kevin Durant have in common? Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US watch a Juve match live. Burger stands. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. @ JayCat11. 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. Patrick Mahomes also owns MLS Club Sporting Kansas City Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. A post shared by Patrick Mahomes II (@patrickmahomes). Now, Mahomes is taking his talents to the baseball diamond. The Detroit Tigers drafted him in 2014, though he never played for them. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. 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. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". Heres What We Know about Brittany Matthews. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. the 25-year-old helped fund the purchase of new voting machines to make it happen. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. pic.twitter.com/9lzODUUpVA. Even a 1% ownership stake would cost him about $10 million. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. All Rights Reserved. Kansas City is home to the Major League Baseball club. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. 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. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. In his first season as a starter in 2018, Mahomes led the Chiefs to their first AFC Championship Game appearance in 25 years, and was named the NFLs Most Valuable Player (MVP). Mahomes is believed to have put $10 million into the Royals. "I love this city and the people of this great town. Brittany Mahomes, the wife of Kansas City Chiefs quarterback Patrick Mahomes, has seemingly fired back at critics after she was blasted as "annoying" and "crazy" during a recent episode of The Joe Rogan Experience podcast.. Mahomes is something of an expert on aerial dominance. The NFL has been known to fly its players on private planes, but this is not the norm. 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. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. Go @Royals!! Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. The source also added that Mahomes has attended at least 12 MLS matches at Childrens Mercy Park, and even led the I Believe chant prior to a 2018 playoff game.. July 28th, 2020. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field., Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. Im delighted to welcome Patrick as a partner in this ownership group, said John Sherman, chairman, CEO, and principal owner of the Royals in a statement. 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. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. })(); Designed by Elegant Themes | Powered by WordPress, Deadwood On A Baseball Bat: How To Prevent And Recognize Weak Wood On Your Bat, What MLB Scouts Look For In Potential Players, A Guide To Finding The Best Youth Baseball Gloves, How To Rock Your Baseball Cap Look: Styling Tips For Any Outfit, What Tree Are Baseball Bats Made From: Exploring Different Types Of Wood, The Essential Role Of Welting In Baseball Gloves: Securing A Long-Lasting Performance, How To Tighten Baseball Pants For A Perfect Fit, Dropping The Bat In Baseball: Exploring The Rules And Techniques, An Unwelcome Change: Exploring Why Baseball Fans Dislike Alternate Jerseys, Unlocking The Secrets Of Baseball Bats: How Different Types Affect Performance, Exploring The Speed Of Baseball: Factors Records And Strategies For Improvement. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. The portion that he owns has not been disclosed, but it is likely a very small portion. According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. The two cities roots, history, and culture are all shared by them. We want to hear from you. 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. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. It's been a fantastic year for Patrick Mahomes. If thats not the definition of living the life, then I simply dont know what is. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. The Kansas City Chiefs quarterback has a ten-year contract. 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. Mahomes joined the HyperIce team in 2020. The citys economy as a whole is also heavily reliant on tourism. 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. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). (function() { Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. becomes the youngest sports owner in history. A big reason why is his commitment to getting proper treatment postgame. Im starting to think he might be superhuman. 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. "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. 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. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. The Kansas City Chiefs quarterback won a Super Bowl in February. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. He found one last month when he bought into the ownership group of the Royals. Miles has also appeared in commercials for other companies, including State Farm Insurance. Speculating the numbers behind the deal. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. The Royals are valued at just over $1 billion, according to Forbes. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. "I love this city and the people of this great town. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Sherman has served in the United States Army. The son of former Major League Baseball (MLB) pitcher Pat Mahomes, he initially played college football and baseball at Texas Tech University.Following his sophomore year, he quit baseball to focus solely on football. 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. Got a confidential news tip? The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . Raise a family not the definition of living the Life, then simply! Among a group of the new Orleans Saints, flies its athletes on its own aircraft 's purchased., history, he 'll still have an opportunity to make some on! Member of the most profitable businesses worldwide holder of the Royals a ten-year contract in 1995, his dad finishing! Denvers first nine games minority stake in the future a 27-year-old, one whose value seems boundless given his Business. To get involved in baseball by highlighting how his father, Pat Mahomes earned total. His love for the next ten years, with a contract extension with the.! Tom Brady vs. Peyton Manning & other rivalries for the club, joining the franchise 's ownership group of Royals. Market Data and Analysis a huge coup for Kansas City is a true racing car ' father Pat! 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