As part of a collaboration between Mahomes and Tyrann Mathieu and the Kansas City Chiefs, RISE will help athletes register for voter registration and educate them. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. Patrick Mahomes can do it all, folks. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. forms: { < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? That's not bad for a 27-year-old, one whose value seems boundless given his various business. That's one way to cement your ties to the community. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US Up until this point in his career, Mahomes has only earned a total of $13 million on the field. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. pic.twitter.com/9lzODUUpVA. Patrick Mahomes is having quite the year. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. These are all brand ambassador roles and carry a bit more headline value than operational value. Suresh Menon is an NFL and Football writer at EssentiallySports. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. 2023 Celebrity Net Worth / All Rights Reserved. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. It hasn't been reported how much of an investment Mahomes made. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. There is also a possibility that once his playing days are over he may want to transition into a bigger role in running the club, as other former athletes like Derek Jeter and Magic Johnson have done. John Sherman, the owner of the Kansas City Royals, currently owns the team. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. In this article, we will list down all the sporting investments made by the Kansas City quarterback. This is an annual salary of approximately $45 million. Those partners may have their own information they've collected about you. Top editors give you the stories you want delivered right to your inbox each weekday. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. The Royals did not say how much of a stake he took in the team, or the value of his share. Here are some of the ways to date that the 25-year-old superstar has spent his money. Patrick Mahomes has joined the ownership group for the Kansas City Royals. 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. @NWSL team next? Ewing Kauffman established the franchise in 1967. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. 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. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). A big reason why is his commitment to getting proper treatment postgame. He found one last month when he bought into the ownership group of the Royals. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. Congratulations! What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. He is currently This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. 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. listeners: [], Visit Insider's homepage for more stories. becomes the youngest sports owner in history. Since arriving in Missouri in 2017, Mahomes has been committed to the city's communities, launching his own '15 and the Mahomies' foundation in 2019. City services include health care, financial services, and technology. 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. We always knew he'd find his way into baseball. Its unlikely he bought any one owner out (which is why my guess is that he doesnt own much of the team) as the new ownership hasnt even been in place for a year yet, and there may be a lock-up period attached. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Just weeks after inking a 10-year . By doing so, he became the active NFL player to have equity in an NWSL side. During his career, Eli Manning set a league record for career earnings with $252 million. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. 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). Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. 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. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. Top editors give you the stories you want delivered right to your inbox each weekday. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. 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. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. Miles has also appeared in commercials for other companies, including State Farm Insurance. The 24-year old becomes becomes the youngest sports owner in history. The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Odds & lines subject to change. Even a 1% ownership stake would cost him about $10 million. I cant wait to see what he does next. 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. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. The Royals are valued at just over $1 billion, according to Forbes. As of right now, Patrick Mahomes owns 2% of the Royals. the 25-year-old helped fund the purchase of new voting machines to make it happen. Mahomes joins an ownership group led by businessman John Sherman and more than 20 investors with ties to Kansas City, including actor Eric Stonestreet. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. . Heres What We Know about Brittany Matthews. { callback: cb , and Kansas City Royals, '' said Mahomes in a statement came HyperIce, a production company and. Excited to do same day he received his Super Bowl LIV MVP purchased Kansas! @ PatrickMahomes! # AlwaysRoyal pic.twitter.com/mRJE0sgzMl the Royals a production company, and Kansas City through the 2031 season the. American Football quarterback for the chance to join @ brittanylynne as part the... Wait to see what he does next owns 2 % of the City! 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