What is Montez Sweat's Net Worth?
What is Montez Sweat's Net Worth?
By Jason Bolton July 19, 2024 00:06
As a formidable defensive end for the Washington Commanders, Sweat has carved a niche for himself in the competitive landscape of professional football. Fans and analysts often explore not just his on-field achievements but also his financial success. In this context, Montez Sweat's net worth is particularly interesting.
Career and Contract Negotiations in NFL
After two seasons at Michigan State, Sweat declared for the 2019 NFL Draft, where he was selected in the first round, 26th overall, by the Washington Commanders as a defensive end. Sweat made his presence felt as a pass rusher long before arriving in the NFL, racking up 35.5 sacks with nine forced fumbles and producing another 47 tackles during five seasons in Washington's defensive front.
The Commanders traded Sweat to the Chicago Bears in 2023 for a 2nd round draft pick of theirs in next year's draft. The Bears then promptly inked Sweat to a 4-year, $98 million contract extension, including $72.9 million in guaranteed money. To be precise, it paid Sweat the fifth-highest average annual salary among edge rushers - $24.5 million per year.
Net Worth
Based on the particulars of Sweat's new contract with the Bears, his current net worth is about $105 million. That includes the $98 million in new money part of his 4-year extension and the $7 million he made off his rookie contract during a brief stint with Commanders.
Sweat's current deal is structured as follows:
- Contract Total: $105 million
- New Money: 4 years, $98 million
- Yearly Average Salary: $24.5M
- Guaranteed money: $41,965 million full
- Guaranteed money: $72.86 million
The basis for his net worth is the NFL contract, which recently received a 4-year $98 million extension from the Bears. The contract comes with a $20.43 million signing bonus and salaries that are fully guaranteed for 2023-24, giving Sweat plenty of cash in hand early on in the deal.
Deal agreements: Sweat will likely have landed lucrative deals with different brands and companies. While the details of these deals are typically not publicly disclosed, they can add up to a significant percentage of an athlete's total net worth.
Investments and Other Income: Sweat may also have created wealth through the earnings from his investments, real estate holdings, or other businesses. That said, information on these possible revenue streams is scarce.
Career Earnings: Sweat has already made approximately $37.8 million in career earnings after five NFL seasons, including his rookie contract with Washington. Hardly surprising, this handsome pay undoubtedly adds up to his current net worth.
Future Earning Potential and Increase in Net Worth
Since Sweat is still only 27 and signed a five-year deal, the salary cap should keep rising in future years. Should Sweat continue to play at the level he can and steer clear of any major injuries, his net worth could swell up by another $116.7 million throughout however much longer he plays in his career.
Furthermore, Sweat, who should only become a more prominent name as one of the preeminent pass rushers in the game, figures to secure even higher-end endorsement deals and potentially expand other business interests that could also bring additional income potential his way.
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