Net Worth Ranker
What Is Baker Reagan Mayfield’s Net Worth?
Baker Reagan Mayfield, an American professional football quarterback, has accumulated a net worth of approximately $50 million [1]. A significant portion of his wealth stems from his NFL career, which began after a standout college career at the University of Oklahoma, where he won the Heisman Trophy in 2017 [1]. His financial journey, however, includes both substantial earnings and a notable investment controversy [1].
Contract Details and Career Earnings
Mayfield’s entry into the NFL was marked by a lucrative contract with the Cleveland Browns. Selected as the first overall pick in the 2018 NFL Draft, he signed a four-year deal worth $32.68 million, all of which was guaranteed [1]. This initial contract included a signing bonus of $21.8 million, providing a substantial boost to his early career earnings [1]. Over his first six NFL seasons, Mayfield earned just under $50 million, combining his base salaries and signing bonuses [1].
In March 2024, Mayfield signed a three-year contract with the Tampa Bay Buccaneers valued at $100 million. This contract has the potential to reach $115 million with incentives [1]. A significant portion of this contract, $50 million, is guaranteed, providing financial security for Mayfield [1]. The average annual value of this contract is approximately $33.33 million, reflecting his value to the team as their starting quarterback.
Mayfield’s career has been marked by several significant milestones. In his rookie season with the Browns, he set a record for touchdown passes thrown by a rookie, surpassing Peyton Manning and Russell Wilson with 27 touchdowns, despite not playing the entire year [1]. In 2020, he led the Browns to a Wild Card Round playoff victory over the Pittsburgh Steelers, their first playoff win since 1994 [1]. These on-field achievements have contributed to his marketability and earning potential.
Before the 2022 season, the Browns exercised Mayfield’s fifth-year contract option, guaranteeing him $18.9 million for that season [1]. However, he played through a partially torn labrum, which impacted his performance and ultimately led to his trade to the Carolina Panthers in July 2022 [1]. He was later released by the Panthers in December 2022 and subsequently picked up by the Los Angeles Rams [1]. In March 2023, he signed a one-year contract with the Tampa Bay Buccaneers, which included a $1.25 million salary and a $2.875 million signing bonus [1]. This series of moves demonstrates the volatility of an NFL career and the impact of performance and team dynamics on a player’s earnings.
Investment Loss Allegation
In August 2023, a significant financial issue surfaced when Baker Mayfield filed a petition in an Austin, Texas, court [1]. The petition sought financial records from an investment firm, covering the period from 2018 to 2023 [1]. Additionally, the petition requested depositions from investment managers at six different companies, two of which were founded by Mayfield’s father, James Mayfield [1]. The purpose of this legal action was to investigate the whereabouts of $12 million that Mayfield had invested with these firms [1].
According to the petition, Mayfield was uncertain whether the invested funds had been managed competently, misappropriated, or stolen [1]. Given that Mayfield’s gross earnings during the period in question (2018-2023) were slightly above $50 million, his net earnings after taxes and fees would have been closer to $20 million [1]. Therefore, a $12 million loss would represent a substantial 60% of his total net earnings, underscoring the severity of the alleged mismanagement or loss [1]. The outcome of this legal matter could significantly impact Mayfield’s financial standing and net worth.
Early Life and College Career
Baker Reagan Mayfield was born on April 14, 1995, in Austin, Texas [1]. He is the son of Gina and James Mayfield and has an older brother [1]. Mayfield’s football journey began at Lake Travis High School, where he led the team to a 25-2 record over two seasons and secured the 2011 4A State Championship [1]. He completed his high school career with 6,255 passing yards, 67 touchdowns, and eight interceptions, earning a three-star recruit rating [1]. Despite receiving a few scholarship offers, he chose to walk on at Texas Tech University [1].
In 2013, Mayfield was named the starting quarterback for the Red Raiders, becoming the first walk-on true freshman quarterback to start an FBS season opener [1]. In his debut game, he threw for 413 yards and four touchdowns, earning him the Big 12 Conference Offensive Player of the Week award [1]. During that year, he accumulated 2,315 passing yards and 12 touchdown passes [1]. However, he later left the program due to a miscommunication with the coaching staff and transferred to the University of Oklahoma, where he again walked on for the Sooners [1].
Due to Big 12 transfer rules, Mayfield lost a year of eligibility [1]. However, he won the starting job the following season. In 2015, he led the Sooners to the Orange Bowl, where they were defeated by Clemson 37-17 [1]. The following year, the Sooners won the Sugar Bowl 35-19 against Auburn, with Mayfield earning the MVP award [1]. In 2017, he guided Oklahoma to their third consecutive Big 12 championship, defeating the TCU Horned Frogs 41-17 [1]. The Sooners lost in the 2018 Rose Bowl 54-48 to the Georgia Bulldogs in the national semifinal game [1].
Mayfield’s college career culminated in 2017 when he won the Heisman Trophy, receiving 732 first-place votes and a total of 2,398 points [1]. He was the first walk-on player to ever win the prestigious award, marking a significant achievement in college football history [1].
Early Controversies and Personal Life
Mayfield faced legal issues early in his career. On February 25, 2017, he was arrested in Washington County, Arkansas, on charges of public intoxication, disorderly conduct, and fleeing and resisting arrest [1]. The police report indicated that Mayfield was unable to walk in a straight line and had slurred speech [1]. When asked to provide a statement, he reportedly became disruptive and attempted to flee, leading to his arrest on misdemeanor charges [1]. He pleaded not guilty to all charges and was sentenced to complete 35 hours of community service and an alcohol education program [1].
Before achieving fame as a quarterback, Mayfield worked as an Uber driver after transferring to Oklahoma from Texas Tech [1]. While vying for a starting position with the Sooners, he drove around Norman, Oklahoma, providing rides to fellow students and residents [1]. Although specific earnings data is unavailable, estimates suggest that an Uber driver in that area could earn approximately $590 per week, assuming 30 hours of driving [1].
In his personal life, Baker Mayfield married Emily Wilkinson in July 2019 [1]. Details about their personal assets or joint ventures are not publicly available.
