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Quarterback Patrick Mahomes was instrumental in the Kansas City Chiefs winning their first AFC Championship game in 26 years.

He was drafted in 2017 after playing college football and baseball at Texas Tech University in Lubbock, Texas.

The 23-year-old's salary is likely to reach the NFL's salary cap if he signs an extension, setting a new record. So how much is he worth?

Patrick Mahomes' Net Worth

Patrick Mahomes' net worth is estimated at $10 million, according to Celebrity Net Worth. The Kansas City quarterback was only earning $555,000 a year as a rookie. This year his base salary rises to $645,000 and is expected to rise every year.

His net worth has the potential to rise exponentially. If he signs an extension to his contract he could wind up with a deal that sets a new record. After this fall football season, Mahomes will be eligible to negotiate and sign an extension.

But NFL players typically do not sign an extension the year they are eligible to do so.

Under one scenario, the Chiefs could wait until 2021 to give him an extension to his contract, according to ESPN.com. Since Mahomes is an extremely valuable player, he could eventually be worth $200 million, if he signs a 5-year contract that pays $40 million annually, according to the article.

Patrick Mahomes' Career

While Mahomes is only 23, he is a rising star and entering his third season with the Chiefs. He just started his career with them in 2017, and his performance has been outstanding so far.

He is the second-youngest person to win the NFL's MVP award and has many other accomplishments.

Through the eighth week of 2018, Mahomes threw 26 touchdown passes for 2,810 yards. That set a record in the Super Bowl era for the most passing touchdowns and passing yards of a player's first nine career games.

During his first 10 career games, he threw 29 touchdown passes, which exceeds what any quarterback accomplished during their first 10 games.

In week six when the Chiefs played against New England on Oct. 13, 2018, Mahomes threw a touchdown pass for 75 yards, the longest of his career.

When he first started playing for the NFL, Mahomes completed 22 of 35 passes or 63% for 284 yards when the Chiefs played in the season's last game against the Denver Broncos on Dec. 31, 2017. When he passed for a total of 284 yards, he set another record - it's the second most passing yards complete by a rookie passer in one game. In addition, he added seven carries for 10 yards.

When Mahomes entered the first round of the 2017 NFL draft, he was the 10th overall pick.

The Chiefs decided to trade the No. 27 overall pick and their 2019 first-round selection to the Buffalo Bills so they could move higher to the No. 10 spot where they wound up choosing Mahomes.

Mahomes emerged as the fastest player when he reached 4,000 passing yards in only 13 career games.

He has also broken the team's single-season passing touchdown record when he surpassed Len Dawson with 31 touchdown passes through week 10 in the 2018 season.

During the Steelers game on Sept. 16, 2018, Mahomes made six touchdown passes. He tied Chiefs quarterback Len Dawson for making the most touchdown passes in one game in team history.

In the Chiefs' history, he is the first quarterback who threw over 300 yards in eight consecutive games.

He has been named the 2018 FedEx (FDX - Get Report) Air Player of the year and was a three-time FedEx Air Player of the Week in the 2018 season for weeks 2, 7 and 8.

Mahomes earned back-to-back AFC Offensive Player of the Week when the Chiefs played against the Chargers, where he completed 15 of 27 passes (55.5%) for 256 yards and four touchdowns, and in week 2 against the Steelers, completing 26 of 28 passes for 326 yards and six touchdowns.

In addition, Mahomes was the 2018 AFC Player of the Month for September and in the 2019 Pro Bowl Selection.

Patrick Mahomes' Endorsements

Mahomes has many notable endorsement deals, including Essentia Water, Hy-Vee grocery stores, Oakley eyewear and Adidas (ADDYY) . He has also signed deals with Hunt's Ketchup and has done commercials for them and local car companies, plus appearing in Call of Duty videos. The terms of his deals were undisclosed.

Patrick Mahomes' House

Mahomes bought a house in Kansas City reportedly for $1.9 million that was constructed in 1953. The 3,759-square-foot house has a chef's kitchen, a gym and pool.

He remodeled the house so it could store his growing collection of shoes - estimated at 180 pairs of Adidas, one of his sponsors. There are cameras and special lighting for the large closet, plus its own entrance.