The American football player Joseph Lee Burrow is better known as “Joe Burrow.” He is the quarterback for the Cincinnati Bengals in the NFL. Burrow was the first player picked in the 2020 NFL draft. He won the prestigious Heisman Trophy. The Cincinnati Bengals picked him, and he has been an important part of the team ever since. Let’s look at everything we can find out about Joe Burrow’s net worth, so scroll down!!
Joe Burrow Net Worth
As of January 2024, Joe Burrow’s net worth is about $40 million. Burrow signed a rookie deal worth $36 million over four years. As part of the deal, he got an extra $23 million. He was the first player picked in the 2020 NFL draft.
Joe Burrow’s Contract
On September 7, 2023, the Cincinnati Bengals made a bank-breaking offer to Joe Burrow in exchange for a new deal. Burrow became the highest-paid NFL player on an annual basis when he inked a $275 million 5-year deal extension with the Bengals.
Here is an official tweet posted by the Cincinnati Bengals:
We have signed QB Joe Burrow to a contract extension through the 2029 season.
— Cincinnati Bengals (@Bengals) September 9, 2023
From the 2024 season on, he will make an average of $55 million a year. The deal says that the player will get $219 million and a $40 million signing bonus. He will get a base pay of $1,010,000, a signing bonus of $40,000,000, and a roster bonus of $4,535,018 in 2023.
Joe Burrow’s Salary
For the 2023–24 season, Joe Burrow made an average of $9 million a year. When Burrow signed with the Bengals, he was given a small pay, just like all NFL rookies. His starting pay was $610,000 in 2020, and it went up to $6.58 million.
In 2021, it was $2.25 million, and it went up to $8.2 million. In 2022, it was $3.9 million, and it went up to $9.87 million. With an average pay of $55 million a year, his new 5-year, $275 million deal made him the highest-paid NFL player every year.
Brand Endorsements Of Joe Burrow
The Bengals quarterback is very marketable and has marketing deals with big brands like Nike, Bose, Nerf, and Fanatics. A contract was agreed to by Bose and Joe Burrow. He also signed a deal with Fanatics for several years.
Joe Burrow’s legal signature on a football costs $400, according to Darren Rovell. His signature on a jersey for the LSU Tigers or the Cincinnati Bengals costs about $600. Because he had an advertising deal with Nike, Burrow also wore a shirt that was personalized with his area code (740).
“TMZ Sports” says that a month later, the clothes giant sold a copy of the t-shirt. A lot of businesses have tried to make deals with the quarterback, but Joe has only agreed to deals with a few.
Investments Made By Joe Burrow
CB Insights says that Joe has put money into Kodiak. The business makes things that are based on food and drinks. Along with singer Jason Derulo, the Bengals QB has also put money into The Pro Volleyball Federation. The Volleyball League Federation also has Jim and Robbin Burrow as Blue-Chip partners.
Check out the official tweet below:
Jason Derulo has now become co-owner of The Pro Volleyball Federation alongside Bengals Quarterback Joe Burrow.
This investment move comes after his acquisition of 2 BILLION carwash company, Rocket Carwash. pic.twitter.com/8MJYAUzWpf
— Pop Crave (@PopCrave) November 18, 2023
Burrow adopted a conventional strategy for investing, in contrast to athletes like Tom Brady and Patrick Mahomes who made unusual investments. Joe has invested his money in farmland, renting it out to farmers in exchange for a single-digit percentage of the sale.
Additional Income Sources For Joe Burrow
Joe makes money from more than just his pay and endorsements. He also gets paid for appearances, social media posts, licensing, memorabilia, and bonuses. Burrow estimates that the cost of an Instagram post ranges from $3K to $30K USD.
Exploring the impressive net worth of Mark Pieloch sheds light on his entrepreneurial success and financial acumen while understanding Harvey Mason Jr.’s net worth offers insights into the wealth amassed through a prolific music career.
Visit our website, leedaily.com, to get the latest news and inside glimpses into the lives of famous people and celebs. Look into fascinating stories and in-depth articles about the financial standing and lives of well-known people.
