The National Football League is one of the most lucrative leagues in the world, with big sponsorship deals and high TV ratings to match. The players within the NFL are compensated handsomely for being part of one of the biggest leagues in the world. The highest paid player in the NFL in 2023 was Patrick Mahomes of the Kansas City Chiefs, who's annual salary cap in 2023 was just under 40 million U.S. dollars.
Quarterbacks earn the big bucks
The quarterback is widely considered the most important role in football, given that the player is the middle of almost all possession on the offensive end and is the main decision-maker on the pitch. With such a decisive role, it is no wonder that quarterbacks dominate the list of highest paid players in the NFL. Although Patrick Mahomes led the way in terms of base salary in the league, Lamar Jackson was able to secure a more lucrative long-term deal. The Baltimore Ravens quarterback earned 81.5 million U.S. dollars through his salary, as well as bonuses and endorsements. Elsewhere, Aaron Rodgers, the quarterback with the ninth highest passing yards in NFL history, earned 11 million U.S. dollars off the field through sponsorship deals with the likes of Adidas and State Farm.
High and lows of NFL salaries
As with many American professional sports leagues, the NFL has a minimum annual player salary in place. In 2023, this annual salary stood at 750 thousand U.S. dollars, although the stars on every team are in line to earn much more. Meanwhile, the NFL salary cap for 2023 stood at just under 225 million U.S. dollars. This cap is put in place in order to maintain the competitive nature of the league and to stop franchises buying their way to success.
Players with the highest salaries in the NFL in 2023
(in million U.S. dollars)
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Spotrac. (August 1, 2023). Players with the highest salaries in the NFL in 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/
Spotrac. "Players with the highest salaries in the NFL in 2023 (in million U.S. dollars)." Chart. August 1, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/
Spotrac. (2023). Players with the highest salaries in the NFL in 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/
Spotrac. "Players with The Highest Salaries in The Nfl in 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Aug 2023, https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/
Spotrac, Players with the highest salaries in the NFL in 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/ (last visited November 04, 2024)
Players with the highest salaries in the NFL in 2023 (in million U.S. dollars) [Graph], Spotrac, August 1, 2023. [Online]. Available: https://www.statista.com/statistics/240098/players-with-the-highest-salary-in-the-national-football-league/