Cleveland Browns quarterback Deshaun Watson is considered one of the most talented players in the league. A 3-time Pro Bowler, the QB is among the premier superstars in the NFL. Over the years, Deshaun Watson has also made an impressive net worth from player contracts, brand endorsem*nts and investments.
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Originally drafted by the Houston Texans in the 2017 NFL Draft, Watson has signed some big money contracts in his professional career. While his off-the-field controversies have caused brands like Nike and Beats by Dre to cut their deals short with the player, he still has an attractive endorsem*nt portfolio. Here’s what you need to know about Deshaun Watson’s net worth in 2024.
Deshaun Watson’s Net Worth
NFL professional Deshaun Watson has an estimated net worth of about $60 million in 2024. The QB makes a significant portion of his fortune from his player contracts.
To date, Watson has made about $142,762,978 in career earnings from his professional contracts up to 2024, per Spotrac.
He also has endorsem*nt deals with major brands like DraftKings, Gillette, Samsung, Verizon, and Rolex. These were bringing in about $8 million annually until 2020, which also added significantly to Deshaun Watson’s net worth.
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Explore: Who are Deshaun Watson’s parents Deann Watson and Don Richardson?
Contract and Salary
Deshaun Watson is currently on a five-year contract worth $230,000,000 signed with the Cleveland Browns back in March 2022. The deal originally came with a full $230 million guaranteed at signing and an average salary of $46 million per annum.
The 2024 NFL season will be Watson’s eighth in the league. In 2024, the quarterbacks will be making a base salary worth $46,000,000, with the cap-hit value going up to $63,774,675.
The dead cap value for this season would be $200,915,000. The 5-year contract lasts until the end of the 2026 season with an additional void year for 2027. Deshaun Watson will become an unrestricted free agent in 2027.
Bonuses
Deshaun Watson has also made a substantial fortune from his bonuses, signing bonuses, and roster bonuses. His current contract worth $230 million comes with a signing bonus of $44,965,000.
Earlier in March 2023, the player converted $44.92 million of his 2023 salary into a signing bonus, which eventually added one void year to his five-year terms with the franchise. This helped the Cleveland Browns clear $35.8 million worth of NFL cap space for the season.
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His previous 4-year contract worth $156 million with the Houston Texans came with a signing bonus of $27 million while his rookie contract worth $13.8 million saw him bag $8,215,841 in signing bonus.
Endorsem*nts
Deshaun Watson has had endorsem*nt deals with major brands like Rolex, Nike, Beats by Dre, and Snickers, earning about $8 million annually from these deals. Before the 2021 NFL off-season, he had around 13-16 endorsem*nts in total.
However, following 22 lawsuits alleging sexual assault and misconduct, he lost some endorsem*nts, with Nike and Beats by Dre being the latest to drop him.
Business investments
Deshaun Watson, along with Jalen Ramsay, teamed up with Rally Rd, a platform that offers investments in luxury items like vintage cars, watches, purses, and memorabilia. Watson invested in a 1988 Lamborghini valued at $292,000 and a 1970 Rolex watch worth $20,000.
Previously, he had partnered with Houzz to renovate his childhood home in Gainesville, Georgia, where his mother lives.
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Deshaun Watson’s real house and real estate
Deshaun Watson currently lives in a luxurious mansion in Hunting Valley, Cleveland, which he purchased for $5.4 million in late 2022. The property spans six acres and features a tennis court, fishing pond, large garage, and a shared driveway.
The 17,000-square-foot mansion includes five bedrooms, eight bathrooms, an in-house gym, a cigar room, and a home theater. Unbeknownst to many, Watson’s childhood home in Gainesville was provided by NFL legend Warrick Dunn’s Charities, which helped his family move from a small apartment to a fully-furnished four-bedroom house.
Deshaun Watson’s charity work
Deshaun Watson established the Deshaun Watson Foundation in 2019 to support education, health, housing, and other charitable causes for underserved communities. He donated his first NFL game check of $27,000 to help cafeteria employees affected by Hurricane Harvey.
Watson also teamed up with Reliant Energy to provide $175,000 worth of tech to kids in need and has raised over $100,000 for his community through various charitable activities.
FAQs
What is Deshaun Watson’s net worth?
Deshaun Watson has an estimated net worth of $60 million in 2024.
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Which team drafted Deshaun Watson?
The Houston Texans drafted Deshaun Watson in 2017.
Which team does Deshaun Watson play for now?
Deshaun Watson plays quarterback for the Cleveland Browns.
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