Highlights
- Travis Kelce's a hit football profession has introduced him repute and fortune.
- Despite his present wealth, Kelce almost went broke years ago.
- Kelce advises younger athletes to save their cash and discover a depended on monetary adviser.
Thanks to Travis Kelce's wildly successful football career, he has been a sports activities superstar for years. However, Kelce's much-talked-about courting with Taylor Swift has taken the volume of consideration paid to him to an entire new point.
An ideal instance of that's the consideration that now will get paid to Kelce's fortune since he is getting rich from his relationship with Swift. There has also been hobby in how much money Kelce has made from hosting Saturday Night Live. What is much more fascinating than that is the truth that regardless of his present fortune, Kelce almost went broke years in the past.
How Did Travis Kelce Almost Go Broke?
During the 2013 NFL Draft, Travis Kelce was once drafted in the third spherical. Chosen as the 63rd general select by way of the Kansas City Chiefs, it was once clear nobody expected Kelce to transform one of the NFL’s greatest stars. Still, even though Kelce wasn’t one of the crucial peak draft selections, that doesn’t imply that he wasn’t able to money in immediately.
According to spotrac.com, a web site that tracks athlete salaries, Kelce’s first contract with the Chiefs was once regarded as to be entry-level. Sportrac stories that beneath that first four-year contract, Kelce was set to be paid a total of $3,126,304. Sportrac reported that on peak of receiving a $703,304 signing bonus, Kelce used to be paid $781,576 once a year for those 4 years.
Of course, those figures are nothing in comparison to what Kelce will get paid now. However, Kelce receiving $1,484,880 that first yr of his contract must have been gigantic for him on the time. In the years since then, Kelce has revealed that he went wild after his first big payday.
In 2021, Kelce made an look on Shannon Sharpe’s “Club Shay Shay” podcast. During the resulting dialog, Kelce spoke at nice period about his existence and profession. Arguably the most attention-grabbing a part of the dialog got here when Kelce was once asked about his finances early in his occupation. "What used to be the first thing you purchased with some of your money out of your rookie contract.”
RelatedTravis Kelce’s Breeder Comments Resurface As His Intentions With Taylor Swift Are Questioned
Travis made questionable comments about wanting to find a "breeder" to have kids with months before he started dating Taylor.In response to that question, Kelce revealed something that most fans likely will find hard to believe. According to Kelce’s comments during that interview, he quickly spent all the money he first got paid from his rookie contract.
"Man, you need a, I spent it all, Shannon. I should were at the 30 for 30: Broke the way in which I used to be spending!"
In 2012, ESPN released a documentary that is titled 30 for 30: Broke. During that documentary, the fact that many athletes who made tens of millions a year would later go bankrupt. The reason for that is athletes typically aren’t educated in finances and they spend like the money will never stop coming in. Once those athletes either retire or start getting paid less, there is no way for them to pay for the debts they’ve accumulated.
After Kelce revealed he spent every penny he made during the first part of his contract, he offered some free and valuable advice to any young athletes whose careers are taking off.
"All the young guys within the league, all the guys that give you the option to, you know, get that big first test from the NFL, put it aside guy. Find a financial adviser you agree with, that is going to do proper with your money. Cause, I used to be looking round for automobile deals after my first year, simply looking to pay rent."
RelatedHoward Stern Claimed Travis Kelce's Rumored Relationship With Taylor Swift Was Doomed For This Reason
Howard Stern had some choice words for Taylor Swift's rumored relationship with NFL player Travis Kelce.From there, Kelce went on to detail how he spent so much money during the early stages of his NFL career. As Kelce explained, he fell into a hole that many people before him have. Kelce began spending big money on his favorite hobbies which in his case included purchasing wildly expensive footwear that was inspired by a beloved movie.
Travis Kelce's Biggest Accomplishments:
- Two-Time Super Bowl Champion
- Four-Time All Pro
- NFL 2010s All-Decade Team
“One of the first things that I bought was, I’m a big sneaker fan. So, I had to have the Marty McFlys, the Back to the Future, the Nike Airbags were the first purchase of kicks that I got. I knew I wanted them ever since saw them self-tie themselves on McFly’s feet.”
Kelce then went on to explain that he also spent a lot of money on a watch brand that everyone knows is mind-bogglingly expensive. After revealing that, Kelce painted a picture of having incredibly expensive items to wear around even as he was struggling to make ends meet otherwise.
“On top of that, I always wanted a Rolly. So, I went out an got myself a Rolly from a Kansas City jewelry shop. Man, I was walking in this empty apartment with some Marty McFlys on and a Rolex. I thought I was the coolest guy in the world.
How Rich Is Travis Kelce Now?
After Travis Kelce went through some tough financial times early in his career, things certainly have turned around for him in a big way. According to Celebrity Net Worth, Kelce recently has a actually spectacular $40 million fortune.
RelatedWhy Travis Kelce Admitted To Giving His Number To Taylor Swift After He Promised To Focus On His NFL Career?
After expressing his commitment to his football career, Travis Kelce sparked dating speculation by sharing his number with Taylor Swift.While Kelce clearly doesn’t have to worry about money if Celebrity Net Worth’s reporting is accurate, that doesn’t mean everything is financially perfect for the athlete. After all, according to Bleacher Report, Kelce got himself into some financial strife involving the IRS.
Annual Salary As Of 2023 | |
Darren Waller | $17,000,000 |
George Kittle | $15,000,000 |
Travis Kelce | $14,300,000 |
Dallas Goedert | $14,250,000 |
Mark Andrews | $14,000,000 |
In September 2023, Bleacher Report citing a reporter from In Touch claimed that Kelce owed the government more than $100,000 in back taxes. On top of that, Bleacher Report claimed that Kelce has had the IRS come after him for back taxes in the past.
“According to Katherine Schaffstall of In Touch, he has a state tax lien from Ohio for $64,198 from 2018, $46,579 from 2017 and another from 2018 for $909. There were also two previous tax liens that have been released.”
Fortunately for Kelce, the famed tight end has more than enough money coming in to pay anything he owes the IRS back. It is also worth noting that based on Kelce’s past comments about getting a financial adviser, he might not be the one who made the decisions that led to the tax liens in the first place.
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