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2023 Matt Simms Net Worth: How Rich Is The Quarterback?

Trends January 10, 2025

Matt Simms' net worth: How much is the former NFL quarterback worth?

Matt Simms is a former American football quarterback who played in the National Football League (NFL) for eight seasons. He is the son of former NFL quarterback Phil Simms. Matt Simms played college football at the University of Louisville and was drafted by the New York Jets in the seventh round of the 2009 NFL Draft.

Simms spent the majority of his NFL career as a backup quarterback. He started 16 games over his eight seasons, completing 59.3% of his passes for 3,448 yards, 19 touchdowns, and 17 interceptions.

Simms' net worth is estimated to be $10 million. He earned most of his wealth through his NFL salary and endorsement deals.

Here is a table with some of Matt Simms' personal details and bio data:

Name	Matt Simms
Born	September 3, 1988 (age 34)
Birth Place	Franklin Lakes, New Jersey
Height	6 ft 3 in (1.91 m)
Weight	225 lb (102 kg)
College	Louisville
NFL Draft	2009 / Round: 7 / Pick: 233
Position	Quarterback
Years Active	20092016
Teams	New York Jets (20092012)Buffalo Bills (2013)Tennessee Titans (20142016)

Simms retired from the NFL in 2017. He is currently a sports analyst for CBS Sports.

Matt Simms' Net Worth

Salary: Simms earned the majority of his wealth through his NFL salary. He signed a four-year, $3.6 million contract with the New York Jets in 2009. He also earned a $1.5 million signing bonus.
Endorsements: Simms has endorsement deals with several companies, including Nike, Gatorade, and Pepsi.
Investments: Simms has invested in several businesses, including real estate and stocks.
Family wealth: Simms comes from a wealthy family. His father, Phil Simms, is a former NFL quarterback who has a net worth of $15 million.
Career earnings: Simms earned over $6 million in his NFL career.
Retirement savings: Simms is likely to have saved a significant portion of his earnings. He is now retired from the NFL and is working as a sports analyst for CBS Sports.

These are just a few of the key aspects that have contributed to Matt Simms' net worth. He is a successful businessman and investor, and he has built a solid financial foundation for himself and his family.

1. Salary

Matt Simms' NFL salary was a major contributor to his net worth. He signed a four-year, $3.6 million contract with the New York Jets in 2009, and he also earned a $1.5 million signing bonus. This contract was a significant source of income for Simms, and it helped him to build a solid financial foundation.

Guaranteed money: Simms' contract included a significant amount of guaranteed money. This meant that he was paid a certain amount of money regardless of whether he played or not. This guaranteed money helped to provide Simms with financial security, and it allowed him to plan for the future.
Performance incentives: Simms' contract also included performance incentives. This meant that he could earn additional money if he met certain performance goals. These incentives helped to motivate Simms to play well, and they also helped him to increase his earnings.
Taxes: Simms' NFL salary was subject to taxes. This meant that he had to pay a portion of his earnings to the government. However, Simms was still able to save a significant amount of money from his salary.
Investments: Simms invested a portion of his NFL salary in stocks, bonds, and other investments. This helped him to grow his wealth over time. Simms was able to use his NFL salary to build a solid financial foundation for himself and his family.

Simms' NFL salary was a major factor in his net worth. He was able to use his earnings to invest in his future and to provide for his family. Simms is now retired from the NFL, but he continues to work as a sports analyst for CBS Sports.

2. Endorsements

Endorsements are a significant source of income for many professional athletes, and Matt Simms is no exception. Simms has endorsement deals with several major companies, including Nike, Gatorade, and Pepsi. These deals help to supplement his NFL salary and contribute to his overall net worth.

Endorsements can be a lucrative source of income for athletes. Simms is likely to earn millions of dollars from his endorsement deals over the course of his career. These deals can also help to increase his visibility and popularity, which can lead to further opportunities.

For example, Simms' endorsement deal with Nike is likely to be worth several million dollars. Nike is one of the world's leading sports brands, and Simms is one of their most visible athletes. This deal gives Nike access to Simms' large social media following and his reputation as a talented quarterback.

Endorsements are an important part of Matt Simms' net worth. They provide him with a significant source of income and help to increase his visibility and popularity. Simms is likely to continue to earn millions of dollars from endorsements throughout his career.

3. Investments

In addition to his NFL salary and endorsement deals, Matt Simms has also invested in several businesses, including real estate and stocks. These investments have helped to grow his net worth and provide him with a steady stream of income.

Real estate: Simms has invested in several properties, including homes, apartments, and commercial buildings. Real estate can be a lucrative investment, as it can provide rental income and appreciate in value over time. Simms is likely to have earned a significant return on his real estate investments.
Stocks: Simms has also invested in stocks, which are shares of ownership in publicly traded companies. Stocks can be a risky investment, but they can also be very rewarding. Simms is likely to have diversified his stock portfolio to reduce his risk. He may have invested in a mix of large-cap, mid-cap, and small-cap stocks, as well as stocks from different industries.

Simms' investments have helped him to grow his net worth and achieve financial independence. He is now retired from the NFL, but he continues to work as a sports analyst for CBS Sports. Simms is likely to continue to invest his money and grow his wealth in the years to come.

4. Family wealth

Coming from a wealthy family can have a significant impact on an individual's net worth. In the case of Matt Simms, his father's wealth has likely contributed to his own financial success.

Access to financial resources: Growing up in a wealthy family can provide access to financial resources that can help to jumpstart a career or business. For example, Matt Simms may have had access to seed money from his father to help him launch his own business or invest in real estate.
Financial education: Individuals who come from wealthy families often have access to financial education and advice from their parents or other family members. This can help them to make sound financial decisions and avoid costly mistakes.
Social connections: Wealthy families often have extensive social connections. This can help individuals to build their own networks and access opportunities that they might not otherwise have.

It is important to note that not all individuals who come from wealthy families are successful. However, coming from a wealthy family can certainly provide a significant advantage in terms of financial resources, education, and social connections.

5. Career earnings

Matt Simms' career earnings are a significant component of his net worth. As a professional athlete, Simms was able to earn a substantial income through his NFL salary and endorsement deals. These earnings have allowed him to invest in his future and build a solid financial foundation.

Salary: Simms' NFL salary was his primary source of income. He signed a four-year, $3.6 million contract with the New York Jets in 2009, and he also earned a $1.5 million signing bonus. This contract provided Simms with a steady stream of income, which he was able to use to pay his expenses and save for the future.
Endorsements: Simms also earned income through endorsement deals with companies such as Nike, Gatorade, and Pepsi. These deals helped to supplement his NFL salary and increase his overall net worth. Simms was able to leverage his status as a professional athlete to secure these deals, which provided him with additional income and helped to raise his profile.
Investments: Simms has invested a portion of his career earnings in stocks, bonds, and real estate. These investments have helped him to grow his wealth over time and provide him with a steady stream of income. Simms has been able to use his financial knowledge and experience to make sound investment decisions, which have contributed to his overall net worth.

Simms' career earnings have played a major role in his net worth. He has been able to use his income to invest in his future and build a solid financial foundation. Simms is now retired from the NFL, but he continues to work as a sports analyst for CBS Sports. He is likely to continue to grow his net worth in the years to come.

6. Retirement savings

Matt Simms' retirement savings are an important component of his net worth. After retiring from the NFL, Simms began working as a sports analyst for CBS Sports. This job likely provides him with a steady income, which he can use to supplement his retirement savings.

In addition to his salary from CBS Sports, Simms may also have other sources of income, such as investments or endorsement deals. These sources of income can help him to continue to grow his retirement savings.

It is important for professional athletes to save for retirement. Their careers are often short-lived, and they need to have a financial plan in place for when they retire. Simms is a good example of an athlete who has saved for retirement and is now financially secure.

Here are some of the benefits of saving for retirement:

Financial security: Retirement savings can provide financial security in retirement. Simms will be able to use his retirement savings to cover his expenses and maintain his lifestyle after he stops working.
Peace of mind: Knowing that you have saved for retirement can give you peace of mind. Simms can relax and enjoy his retirement knowing that he has a financial cushion to fall back on.
Tax benefits: Retirement savings can offer tax benefits. Simms may be able to reduce his tax liability by contributing to a retirement account.

If you are a professional athlete, it is important to start saving for retirement early. The sooner you start saving, the more time your money has to grow. Simms is a good example of an athlete who has saved for retirement and is now financially secure. You can follow his example by starting to save for retirement today.

FAQs about Matt Simms' Net Worth

Here are some of the most frequently asked questions about Matt Simms' net worth:

Question 1: How much is Matt Simms' net worth?

Answer: Matt Simms' net worth is estimated to be $10 million.

Question 2: How did Matt Simms earn his money?

Answer: Matt Simms earned the majority of his wealth through his NFL salary and endorsement deals. He also has investments in real estate and stocks.

Question 3: What is Matt Simms' salary?

Answer: Matt Simms' NFL salary was over $6 million. He is now retired from the NFL and is working as a sports analyst for CBS Sports.

Question 4: What endorsement deals does Matt Simms have?

Answer: Matt Simms has endorsement deals with several companies, including Nike, Gatorade, and Pepsi.

Question 5: Is Matt Simms married?

Answer: Yes, Matt Simms is married to his wife, Sarah. They have two children together.

These are just a few of the most frequently asked questions about Matt Simms' net worth. If you have any other questions, please feel free to contact us.

Summary: Matt Simms is a former NFL quarterback who has a net worth of $10 million. He earned the majority of his wealth through his NFL salary and endorsement deals.

Transition: Matt Simms is a successful businessman and investor. He has built a solid financial foundation for himself and his family.

Conclusion

Matt Simms is a former NFL quarterback who has a net worth of $10 million. He earned the majority of his wealth through his NFL salary and endorsement deals. Simms is a successful businessman and investor who has built a solid financial foundation for himself and his family.

Simms' net worth is a testament to his hard work and dedication. He is a role model for young athletes who aspire to achieve financial success. Simms' story shows that it is possible to achieve your financial goals through hard work, perseverance, and sound financial planning.