Travis Kelce, the tight end for the Kansas City Chiefs, revealed in a podcast that he was “damn near dead broke” by the end of his first year in the NFL. Despite earning $3.12 million and receiving a signing bonus of $703,304 in his rookie season, Travis had very little to show for it except for his favorite pair of shoes.
Travis, a passionate shoe collector, immediately spent around $10,000 on a limited edition sneaker called the Nike Air MAG ‘Marty McFlys’. Upon learning about Travis’ purchase, his brother Jason, who is the center for the Philadelphia Eagles, jokingly exclaimed, “What the f—, Travis!”
However, Travis’ spending habits didn’t stop there. He admitted to spending “way too much money in clubs” during his rookie season, particularly in Las Vegas and Florida. He considered buying expensive bottles at the club as the “dumbest thing” he ever did with his rookie money. Travis advised other rookies to avoid falling into the same trap, as it is the fastest way to lose their hard-earned money.
Due to the timing of his payments, Travis found himself nearly broke before the start of his second season. Many rookies, including Travis, were unaware that their checks would stop coming after the season ended. Fortunately, Travis turned his financial situation around. In 2016, he signed a five-year $46 million contract extension, followed by another four-year extension in 2020 worth over $57 million. Additionally, he earns approximately $3 million annually outside of football.
As of fall 2023, Travis boasts an estimated net worth of $30 million and has made various business investments, according to Insider. Moreover, his football career has reached new heights, with Travis winning his second Super Bowl with the Kansas City Chiefs in 2023.
Travis Kelce’s journey from being broke to building a significant fortune serves as a reminder to young athletes about the importance of financial responsibility. It also highlights the potential for financial success beyond their sports careers.
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