From Super Bowl Champions to Billion Dollar Franchise: The Impact of Patrick Mahomes on the Kansas City Chiefs

Next Wednesday, the night before the start of the season, NFL Network will broadcast America’s Game, a documentary that will tell the story of the journey that the Kansas City Chiefs undertook to capture Super Bowl LVII.

Featuring interviews with Patrick Mahomes, Travis Kelce and defensive back Chris Jones, the cost of the effort they undertook to capture the third Vince Lombardi in organization history will be told in the players’ own words.

However, within the tour there is something that will not be told and that is that since the arrival of Patrick Mahomes in Kansas City, the economic value of the team has doubled.

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When Mahomes took over the Chiefs’ quarterback position in 2018, Forbes valued the franchise at $2.1 billion.

Whereas now, as the team prepares for the 2023 kickoff at Arrowhead, estimates for the Chiefs’ cost hover around $4.3 billion according to a Forbes report.

That’s more than double the team’s value five years ago. But this isn’t simply the Patrick Mahomes effect, although the Chiefs raked in $77 million in box office receipts in 2022, Forbes said.

The Cowboys are the highest valued team in the NFL with a value of 9 billion dollars. The Patriots rank second (7 billion), followed by the Rams (6.9 billion), the Giants (6.8 billion) and the Bears (6.3 billion). The Kansas City Business Journal reported that all NFL teams, including the Chiefs, received $374.4 million in television revenue in 2022.

How much does Patrick Mahomes earn?

In 2020, Mahomes signed his 10-year, $477 million extension with the potential to earn up to $503 million through incentives. At the time, Mahomes’ extension was the largest contract in sports history.

2023-09-01 17:52:19
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