Myles Garrett is more than just a dominant force on the field; he’s a financial powerhouse in the world of professional football.
As the first overall draft pick in 2017, he quickly rose to fame, signing lucrative contracts and amassing wealth through his performance with the Cleveland Browns.
In this article, we’ll explore Myles Garrett net worth, salary, and the financial growth that has cemented his place among the NFL’s top earners.
At Andomoney, we are dedicated to providing you with an in-depth look at how athletes like Garrett build their wealth and what contributes to their financial success.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Myles Lorenz Garrett |
| Popular Name | Myles Garrett |
| Gender | Male |
| Birth Date | December 29, 1995 |
| Age | 28 years |
| Parents | Lawrence Garrett, Audrey Garrett |
| Siblings | Sean Williams (brother), Brea Garrett (sister) |
| Birthplace | Arlington, Texas |
| Nationality | American |
| Ethnicity | N/A |
| Education | Martin High School, Texas A&M University |
| Marital Status | N/A |
| Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | $12 million |
| Source of Wealth | Professional Football (NFL) |
| Height | 6 ft 4 in (1.93 m) |
What is the Net Worth Of Myles Garrett in 2024?
As of 2024, Myles Garrett’s net worth is estimated to be around $12 million. This substantial figure places him among the wealthiest defensive players in the NFL.
Compared to other players and entities in the football world, Garrett’s financial status is impressive and is backed by his high performance, awards, and contracts with the Cleveland Browns.
Related People/Entities:
- Cleveland Browns
- NFL
- Defensive Player of the Year
- Pro Bowl
- Texas A&M University
- Bill Willis Award
- 2017 NFL Draft
- Jadeveon Clowney
- Nick Bosa
- Khalil Mack
For more on the top earners in the NFL, explore our list of the richest NFL stars.
Myles Garrett Salary and Finance Overview
Major Contracts and Earnings from the Cleveland Browns
Myles Garrett‘s financial journey in the NFL began with his selection as the first overall draft pick in 2017 by the Cleveland Browns.
This instantly placed him in a lucrative financial position. The Browns signed him to a four-year contract worth $30.4 million, with a $20.3 million signing bonus.
This contract not only made Garrett one of the top-paid players in the NFL but also solidified his financial future early on in his career.
The signing bonus significantly boosted his initial wealth and gave him the financial security many athletes strive for.
Achievements, Awards, and Their Financial Impact
Garrett’s achievements on the field directly translate to his financial growth. He has been named to the Pro Bowl five times and earned three first-team All-Pro selections. His 2023 Defensive Player of the Year award elevated his status in the NFL.
Such accolades increase his bargaining power for future contracts, endorsements, and sponsorships, contributing to the growth of his wealth. Additionally, being consistently ranked among the NFL Top 100 Players enhances his marketability.
Contribution of College Football to His Wealth and Recognition
Before entering the NFL, Garrett’s football journey began at Texas A&M University, where his performance was nothing short of stellar.
He broke records and received notable accolades, such as the Bill Willis Award, marking him as one of the top defensive players in college football.
His college success laid the foundation for his draft selection and contributed to his high starting salary in the NFL.
Performance-Based Earnings and Salary Growth Over the Years
Garrett’s contract with the Cleveland Browns and subsequent salary growth are a direct reflection of his on-field performance.
From achieving career-high statistics in sacks and tackles to making crucial plays for the Browns, Garrett has proven his worth.
His consistency and improvement over the years have made him a valuable asset to his team, ensuring not only salary increases but also bonuses tied to his performance.
Garrett’s play on the field not only makes headlines but also increases his financial value.
Off-Field Ventures and Investments
Beyond his earnings on the field, Garrett has diversified his wealth by acquiring a minority ownership stake in the Cleveland Cavaliers, an NBA team.
This move showcases Garrett’s financial foresight, as it represents an investment in a different sport and a solid long-term asset.
Such ventures help build his financial portfolio and ensure continued wealth growth beyond his NFL career.
Family and Legacy: The Role of Athletics in Building Wealth
Myles Garrett comes from a family with a strong athletic background. His brother, Sean Williams, played in the NBA, while his sister, Brea Garrett, excelled in track and field.
This legacy in sports may have contributed to Garrett’s competitive drive and financial success.
The exposure to professional sports and a high-performance environment likely influenced his ambition and success in the NFL.
Impact of Awards and Rankings on His Professional Value
Garrett’s rankings in the NFL Top 100 Players of various years and his first-team All-Pro selections play a crucial role in enhancing his market value.
These recognitions not only boost his reputation within the league but also have financial implications, allowing for potential contract renegotiations and additional earnings from brand partnerships.
Looking at the Future: What’s Next for His Earnings and Career
With his consistent performance and increasing accolades, Garrett’s financial future looks bright. His current trajectory suggests further contract renewals, bonuses, and possibly new endorsements.
The combination of his on-field performance and smart financial decisions positions Garrett for continued wealth growth in the years to come.
FAQs about Myles Garrett
How did Myles Garrett start his NFL career?
He started his NFL career as the first overall pick in the 2017 NFL Draft, selected by the Cleveland Browns.
What awards has Myles Garrett won during his NFL career?
He has won multiple awards, including Defensive Player of the Year (2023) and five Pro Bowl selections.
What position does Myles Garrett play?
Garrett plays as a defensive end for the Cleveland Browns in the NFL.
Does Myles Garrett have any siblings involved in sports?
Yes, his brother Sean Williams was an NBA player, and his sister Brea Garrett was a track and field athlete.
Has he faced any challenges during his career?
Yes, Garrett was involved in an on-field altercation in 2019, leading to a suspension, which he overcame to continue excelling in his career.
How has his performance affected his earnings?
His consistent performance, awards, and career-high statistics have directly contributed to salary increases and bonuses.
What off-field investments does he have?
Garrett holds a minority ownership stake in the Cleveland Cavaliers, diversifying his wealth.
What is the impact of Myles Garrett’s college achievements on his career?
His achievements at Texas A&M University helped position him as a top pick in the NFL Draft, starting his professional career on strong financial footing.
Conclusion
Myles Garrett’s financial journey is a testament to his talent, hard work, and smart investments.
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