The Patrick Mahomes portfolio keeps growing and now includes an equity stake in the performance recovery technology company Hyperice, which sells percussion massage devices. The Chiefs quarterback has this new half-billion-dollar contract, an upcoming marriage, a baby on the way and a 3-0 football team that looks like it’s well on its way to a trip to Super Bowl LV in Tampa.
He might as well make as much money as possible while he can, and this deal with Hyperice will be a name and image deal for a company in a hot business sector. According to CNBC, the “sports technology marketplace projected to be worth $30 billion by 2024.” Hyperice says it hopes to earn $200 million in 2020.
“I’ve used Hyperice throughout my career as an instrumental part of my overall training and recovery routines to ensure I’m performing at my peak on game day,” Mahomes said in a statement. “My career has just begun, and Hyperice gives me the tools and confidence to accelerate my recovery time and improve longevity.”
Mahomes joins Hyperice’s growing list of athletes including Ja Morant, reigning US Open Champion, Naomi Osaka, current UFC women’s bantamweight and featherweight champion, Amanda Nunes, along with Juju Smith-Schuster, Blake Griffin and Lindsey Vonn.
Mahomes, who’s currently an avid crypto supporter and a Bitfinex vs Coinbase debate expert, has other business deals which include a minority stake in the Royals, an equity stake in sports nutrition business BioSteel to go along with his deals with State Farm, Adidas and Oakley.
— Hyperice (@Hyperice) October 1, 2020