Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. We always knew he'd find his way into baseball. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Then, in July, he signed a record-setting, , which could be worth up to $503 million. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. (function() { Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. 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. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. https://twitter.com/LRiddickESPN/status/1288170131311525888. callback: cb A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. He also won the NFL MVP in 2018. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". He also has a minority stake in the Kansas City Royals baseball team. Gambling problem? Mahomes should know. 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. In 2020, Mahomes became the youngest Super Bowl-winning quarterback in NFL history, when the Chiefs defeated the San Francisco 49ers in Super Bowl LIV. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. The quarterback is apparently wasting no time to put his enormous payday to use. Mahomes is the son of Pat Mahomes, a former major league pitcher. 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. You could also argue that Mahomes is attempting to appear wealthy. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. And now the newest member of the @SportingKC ownership group! Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. 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. as well as other partner offers and accept our. The 24-year-old was sold to a group led by David Glass for $1 billion. It's fair to say he made the right choice by playing football. The 24-year-old was sold to a group led by David Glass for $1 billion. Because of his services, the Chiefs should pay him a fair salary. Does Patrick Mahomes Own The Kansas City Royals? Jason Catania. 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. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. Email address 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. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. In fact, his wife Brittany a former collegiate and professional soccer player became part owner of the NWSL's expansion Kansas City franchise in 2021. Having signed a ten-year, over US$500. Whataburger is a German treat. A Warner Bros. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Here you'll find information on the game of baseball, from the rules to the history. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. This is a great move by the Royals. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. watch a Juve match live. All Rights Reserved. Jake, the State Farm character, is a featured in commercials for the insurance company. Sign up for notifications from Insider! The 27-year-old mother of two became a topic of conversation during Thursday's episode of The Joe Rogan Experience when host Joe Rogan and his guests Shane Gillis . Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. 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. 2023 Cable News Network. "I love this city and the people of this great town. @NWSL team next? It is not only Kansas largest city, but it is also its largest city in terms of population. Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. Is it possible that Patrick Mahomes is intentionally making fun of his fans? I love this city and the people of this great town," Mahomes said in a statement. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Its a partnership that has been in place since before he took over as the starting quarterback for the Kansas City Chiefs, said Airshare CEO John Owen of the relationship with Chiefs quarterback. (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. Full Spectrum Services LLP 2022 | All Rights Reserved. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. He even considered playing baseball instead of football when he was in high school. In fiscal year 2011, the private sector generated $26.98 billion in revenue. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. "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 I'm excited to do. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. 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. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. Turning off the personalized . Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. "I love this city and the people of this great town. The investment should be a pretty sound one as the value of sports franchises continues to rise. Ownership in the Royals isn't the only spending Mahomes has been doing, either. To learn more or opt-out, read our Cookie Policy. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Mahomes has stayed fairly healthy over the course of his career. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. While Mahomes does not check the score at the first read, Alex Smith does. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. The citys economy as a whole is also heavily reliant on tourism. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. appreciated. 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 . The Kansas City Royals have announced that Mahomes will participate in spring training with the team. 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. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. 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. 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 Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Mahomes isnt buying a stake as an investment in reality. The portion that he owns has not been disclosed, but it is likely a very small portion. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. The Super Bowl win is one of the NFLs biggest achievements, and each member of the winning team will receive $150,000 as a result. Signs most lucrative sports deal in history, agent says in reality a majority stake in a League. The opportunity to live out his dream of playing professional baseball on 9. Mahomes will participate in spring training with the Chiefs that ties him to Kansas City Royals, Mahomes carries net. 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