What is Baker Mayfield's net worth? Cleveland Browns QB faced trouble for endorsing CBD brand
Cleveland Browns quarterback Baker Mayfield of the National Football League will not play against the Jacksonville Jaguars on Saturday night, August 14. As per reports, head coach Kevin Stefanski said on Wednesday that his starting quarterback will not play in the preseason opener.
Quarterback Case Keenum will run the offense on Saturday night in his stead. Cleveland.com’s Mary Kay Cabot noted that it was a smart move by Stefanski because it’s “more important to keep Mayfield healthy this preseason than to give him a few reps in a meaningless preseason game, where some defenders are going extra hard to make a name for themselves.” Mayfield was drafted by the Cleveland Browns first in the 2018 NFL Draft. In his first NFL appearance, Mayfield led Cleveland to their first win in 19 games.
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What is Baker Mayfield’s net worth?
As per Pro Football Network, after being selected in the 2018 NFL Draft, Mayfield signed a four-year contract with the Browns worth $32.7 million. As per Spotrac, this included a $21,849,440 signing bonus. The website says that his average annual salary is $8,170,745, adding that in 2021, Mayfield will earn a base salary of $920,000 and a roster bonus of $4,186,770, while carrying a cap hit of $10,569,130 and a dead cap value of $10,399,130. As part of the contract, Mayfield is paid roster bonuses for 2019, 2020, and 2021.
As per PlayersBio.com, as of 2021, Mayfield has a net worth of $12 million. The website noted that while Mayfield lives a lavish life, he “does not show off on the internet”. Aside from his salary, Mayfield also earns through brand endorsements.
The quarterback has endorsement deals with Progressive, Hulu, Nissan, Bose, Bodyarmor, Panini, Nike, and HydroHoist, and investments with multiple other brands, including PumpJack DataWorks, Legends and Goodmylk. Last year, he became an investor and endorser for a CBD company called Beam, whose founders are “avid CrossFit competitors, ironman triathletes, marathoners, and former professional athletes.”
“I’m always trying to figure out how to be at peak performance and how to get there and stay there, both mentally and physically,” Mayfield said after his partnership with Beam was announced. “I found out about Beam a few years ago and fell in love with it. I use it every day, it’s a huge part of finding consistency in the roller coaster year of 2020.”
However, days after Mayfield announced the Beam deal, he came under fire from the National Football League Players Association. The association said the union does not support players actively endorsing CBD brands as per its agreement with the NFL. Players also are not permitted to endorse alcohol or tobacco brands.
“We received several inquiries regarding NFL players’ ability to engage in promotion and endorsement of CBD companies,” NFLPA said. “At the beginning of the 2020 season, the NFL released the new rules promulgated by the league governing players and endorsements. NFL players, coaches, and other employees must not endorse or appear in advertisements for alcoholic beverages, tobacco, or cannabinoid products.”