Baker Mayfield’s Journey from NFL Journeyman to Established Star
Baker Mayfield’s path through the NFL has been anything but straightforward. From being the No. 1 overall draft pick to experiencing the ups and downs of a journeyman quarterback, Mayfield has emerged as a prominent figure in the league. His unique persona and charisma have not only made him a fan favorite but have also helped him cultivate a successful brand. As he continues to thrive in his career, Mayfield’s financial trajectory has showcased his savvy business acumen.
Baker Mayfield’s Financial Standing
As reported, Baker Mayfield boasts a net worth of approximately $50 million, despite earning around $33 million annually. This impressive figure reflects his ability to navigate the often tumultuous financial landscape of professional football.
Current Contract with the Buccaneers
In the 2024 offseason, Mayfield signed a lucrative three-year contract with the Tampa Bay Buccaneers worth $100 million. This deal includes $50 million in total guarantees, with $40 million guaranteed at signing and a signing bonus of $28.9 million. This contract marks a significant leap from the $4 million he earned during the 2023 season on a one-year, prove-it deal with the team. His current annual salary places him as the 17th highest among quarterbacks and 26th overall in the NFL.
Career Earnings Breakdown
Throughout his career, Mayfield has accumulated roughly $87.8 million in earnings, primarily stemming from his initial rookie contract. His current contract with the Buccaneers has further enhanced his financial standing. Here’s a summary of his key contracts:
Four-year, $32.7 million rookie deal with the Cleveland Browns, signed in 2018 (including a fifth-year option)
One-year, $4 million deal with the Buccaneers, signed in 2023
Three-year, $100 million deal with the Buccaneers, signed in 2024
Legal Challenges and Financial Implications
In 2024, a legal battle emerged when Mayfield, along with his wife Emily and Team BRM, filed a lawsuit against Camwood Capital Management Group. The lawsuit alleges that the firm misappropriated $12 million from the Mayfields between 2018 and 2021 without their consent. The plaintiffs claim that Camwood used their funds to meet other business obligations without proper disclosure. While a settlement was reached in January 2024 requiring repayment, the actual reimbursement had not occurred by the end of the year, leaving uncertainty regarding the lawsuit’s impact on Mayfield’s finances.
Endorsement Successes
Mayfield’s rise to prominence began during his college days at Oklahoma, where he captured the Heisman Trophy. His popularity translated into lucrative endorsement deals upon entering the NFL. He has emphasized the importance of financial stewardship, stating, “Protecting the money we’re earning is No. 1. I’ve always been one to save it.” His older brother, Matt Mayfield, has played a key role in managing Baker’s endorsements.
Among the brands that have partnered with Mayfield are:
Bud Light
Progressive
Hulu
Nissan
Bose
Bodyarmor
Panini America
Nike
HydroHoist
Allen Edmonds
Amazon Web Services
While his time with the Browns included several memorable Progressive commercials, this partnership came to an end following his departure from Cleveland.
Investment Ventures
Beyond endorsements, Mayfield has explored various business ventures. He has invested in companies like Beam, PumpJack DataWorks, Legends, Goodmylk, Wave, Season Share, and EarBuds. His brother’s involvement with Camwood Capital Management has assisted in guiding these investments. Baker is intentional about the brands he aligns with, emphasizing authenticity: “Being who I am is something I pride myself on each day.”
Mayfield’s Residence
Currently, Mayfield resides in a stunning $9.4 million mansion located on Davis Island, just south of Tampa, Florida. This expansive 5,078-square-foot property features four bedrooms, six bathrooms, and a three-car garage, along with luxurious outdoor amenities like an infinity pool and jacuzzi. This recent purchase signifies his commitment to the Tampa Bay community, transitioning from his previous home in Westlake, Ohio, during his tenure with the Browns.
Baker Mayfield’s journey through the NFL, marked by resilience and adaptability, continues to unfold as he builds both his career and financial legacy.
