Money

Here's reason #503,000,001 why it's great to be Patrick Mahomes ...

The K.C. Chiefs superstar QB hit a boat party with teammate Travis Kelce, their girlfriends and some other buds in Lake Tahoe on Thursday ... and yeah, you jealous yet or what?!?!

The fiesta on the water looked AWESOME ... the sun was shining, the guys were shirtless and the football players' girlfriends were letting loose with twerking and beer chugging!!

There was also swimming, laughing and good times had by all ... and it DEFINITELY feels like someone just signed a $503 MILLION contract!!

Of course, Mahomes, Kelce and their loved ones have been partying for a few days now ... after Pat inked his record-breaking Chiefs deal, he and Kelce hit a private jet Wednesday to Tahoe for some golf action.

The two are slated to compete in the famous celeb American Century Championship golf tournament this weekend ... but it's clear there's going to be a side of partying to go along with the birdies and bogeys.

FedEx is SERIOUS about its fight to get the Washington NFL team to drop the "Redskins" name ... the shipping company giant has now reportedly threatened to remove its signage from the team's stadium.

Washington has faced tremendous pressure over the last few weeks to move on from the team nickname ... with sponsors all across the board denouncing the racially insensitive moniker.

Now, according to The Washington Post, one of the team's biggest backers is saying it'll pull down all of its signage from the team's stadium after this season if no change is made.

Per the report, FedEx -- which pours in money to Washington to hold the naming rights at "FedExField" in Landover, Md. -- sent a letter to the team with the threat on July 2.

In the letter, FedEx officials reportedly told Dan Snyder's squad that the nickname "poses the risk of harming FedEx’s brand reputation and is inconsistent with its commitment to a more inclusive society."

FYI ... FedEx inked a $205 MILLION contract with Washington back in 1999 for the stadium naming rights -- and the deal wasn't set to expire until 2026.

As we previously reported, Washington has agreed to have internal discussions about a name change ... and according to multiple NFL reporters, the change is now a matter of when and not if.

Some new names the team has reportedly been considering include the Redtails and the Warriors ... with star QB Dwayne Haskins personally backing the Redtails moniker.

TikTok influencers are dusting off their resumes because of President Trump -- they're terrified he's about to ban the app, and force them to find J-O-Bs outside social media.

With the Trump Administration considering a ban on the super-popular video creation app -- due to the escalating trade war with China -- TikTok influencers who make a killing on their posts tell us they fear the future.

Sean, whose magic trick-themed page @seandoesmagic has 13.5 million followers, says the China-based app shutting down would be financially crushing because he makes $15,000 to $20,000 per sponsored post.

Yes, you read that right ... Sean is cleaning up as an influencer, but fears the only thing he'll be cleaning soon is the fry machine!

Okay, that's a slight exaggeration, but Sean says he's in talks with McDonald's to do a promotional tour this fall, which would involve live magic gigs -- but he's worried that'll vanish if the app is banned.

Drage Kamerman's comedy channel @dragekamerman has 2.1 million TikTok followers, and while he has a plan B, it won't offset immediate financial losses.

Drake says he makes $7,000 to $10,000 every few weeks on TikTok, but it took him a year and a half to build his followers and start making that kinda cheddar. If the app goes away, he'll jump to YouTube and Instagram. He just worries his international followers won't find him -- not at first, anyway -- and his sponsor money would go with them.

Niko Valdes, whose family-centric page @babyfaceniko has 1.5 million followers, tells TMZ ... he's terrified he won't be able to make ends meet and put food on the table for his fam. His channel is all about his wife, his toddler and him -- and TikTok is their primary source of income ... $7k to $10k a month.

Without that cashflow, his wife would have to go back to her therapist gig, and he's not sure what he would do. Niko says he just inked a flurry of endorsement deals on TikTok after 4 fruitless years trying to make dough on YouTube and IG.

Of course, these high-paid influencers would be added to the more than 21 million people currently unemployed in America ... so, worst possible timing.

Dana White tells TMZ Sports he really hopes Jon Jones will fight in the UFC again ... but acknowledges JJ doesn't really need the money.

Of course, there's been some serious issues between Jones and the UFC -- with Jon recently saying he's considering sitting out until he gets a massive increase in pay.

"I don’t want to fight soon," Jones said on Steve-O's "Wild Ride" podcast ... "I have no interest in fighting in the UFC until I get paid what I believe I’m worth."

Jones also floated the idea of "retiring" in a tweet back in May if he doesn't get a better deal.

So, we asked Dana if he thinks Jon will make good on his threat.

"I don't know," White said ... "Jon Jones has enough money to retire. He can retire."

"The whole Jon Jones thing has been a rollercoaster ride for many many years. Nothing surprises me with Jon Jones."

White says he invited Jones into the UFC office to explain the numbers in an effort to show transparency -- but White claims Jones turned down his offer.

"Listen, Jon Jones -- we've offered -- my lawyer offered to have Jon Jones come out and walk Jon Jones through the numbers and Jon Jones was like, 'I don't give a f**k what the numbers are. This is what I want and that's that.'"

So, will the two sides ever make peace and will Jon ever fight in the Octagon again?

Joe Burrow said he was gonna do it ... and now he's doing it in a BIG way.

The Cincinnati Bengals QB -- whose Heisman acceptance speech sparked more than $650k to his hometown's food pantry -- is taking things to the next level ... by starting a foundation to fight hunger and poverty in southeast Ohio.

Remember, TMZ Sports spoke with Burrow back in December (shortly after he accepted his Heisman) and he told us he was already planning on ways to use his platform to help.

That resulted in #9 announcing the "Joe Burrow Hunger Relief Fund" on Thursday ... which will keep food on the tables in his hometown of The Plains for years to come.

"When I mentioned my hometown in my Heisman speech, it wasn't really planned. I was just speaking from the heart," the 23-year-old QB said in the announcement.

The fund was kick-started with $350k of the money raised from the Heisman speech and a matched donation from the Foundation For Appalachian Ohio ... bringing the total to a $700k investment in the future.

"This initiative was made possible through the generosity of people from all over the country, and will have a tremendous effect on the food insecurity issues that many families face in Southeast Ohio."

"He's gonna be a target. He's got a target on his back. Wait and see."

That's "Shark Tank" star Barbara Corcoran warning Patrick Mahomes that with giant fortune comes giant scammers trying to take your money!

But, if you know anything about Barbara, you know she's a gangster when it comes to finance ... and she's dishing out some sage advice for the QB so he can STAY RICH for the rest of his life.

So, what should the KC Chiefs QB do with the $500 mil he's expected to make over the next 12 years?

"First of all, it's not $500 million," Barbara says ... "Remember, he has an Uncle named Sam. He's gonna have to pay him $250 million so he really only has $250 million. Bear that in mind."

Corcoran explains, "The first thing he should do is put it in the bank. Not do a thing! I know because when I sold my business, every creep came out of the woodwork with a $10,000 problem. Everybody is after your money and you can't trust anybody."

Barbara says it took her at least a year to realize how to turn people down effectively -- and the key is to hire a "bad guy" to tell people "no."

"The most important thing is before he buys that big house and a big jet ... he's gotta figure out how much money he needs to live on."

"He's a kid but he's gonna live a lot of years! So for every $25 million he puts away, he's going to get a $1 million income for the rest of his life"

"He should figure out, I need $1 million? I need 2 million? I need 5 million? And put that money aside. That's what he's gotta do."

Corcoran says Patrick should spend some time with her "Shark Tank" pal Alex Rodriguez -- who has become a major real estate investor.

That's saying something considering A-Rod reportedly made more than $441 million in MLB contract money!

There's more ... Corcoran also has a business strategy for Patrick -- and it's pretty damn smart! Watch the video and if you have the money, you might wanna take her advice!!

She also offered this final warning to the 24-year-old NFL superstar ...

"Let me tell you something, the more money you make, the more creeps you attract. The more people dressed in fancy suits, and not some fancy suit, friends or family -- all come out and are after your money."

Adam Lambert's finally saying sayonara to his crib in the Hollywood Hills ... cause someone else will be idolizing it after plunking down a good chunk-o-change.

The 2009 "American Idol" runner-up just sold his 3 bedroom, 3 bathroom crib for $2.92 million. You'll recall the singer put the house up for sale back in August 2019 ... five years after originally buying it. He had no problem finding a new spot ... dropping $6.5 million for an awesome new pad with home theater and wine cellar.

Back to the Hollywood Hills crib ... it's a perfect contemporary blend of style and private oasis. It features city light views from the main level with a sliding glass wall. Big wine drinkers will love the floor-to-ceiling climate-controlled wine wall as well as a home theater and gym. The backyard's sick too ... with 2 reflecting pools and a 10-person spa and fire pit. Friends not included ... but with this backyard, it won't be hard to make some.

How'd Patrick Mahomes celebrate his new $503 MILLION contract?

PRIVATE JET WITH TRAVIS KELCE TO GOLF, BABY!!!!

TMZ Sports has obtained video of the Kansas Chiefs superstar QB touching down in Lake Tahoe on Wednesday ... and the half-a-billion-dollar man is clearly wasting no time enjoying his new riches.

Mahomes and Kelce shared a PJ ride together ... before the duo will hit a celeb tournament at the Edgewood Tahoe Golf Course this weekend for the famous American Century Championship.

Mahomes looked to be in good spirits after getting off the plane ... he posed for some pics and then hopped onto a (fittingly) Coors Light-themed shuttle bus.

Of course, Pat's got every reason to celebrate this week ... the 24-year-old just signed the biggest contract in the history of sports -- putting him in line to earn well over $40 million per year until 2031.

Yeah, something tells us if the private jet wasn't already paid for ... Patrick's picking up the tab now.

Raheem Mostert officially wants OUT of SF after helping lead the 49ers to a Super Bowl ... the RB's agent says contract talks with the team have failed -- and now, he's demanding a trade.

The 28-year-old -- who rushed for a staggering 220 yards and 4 TDs in the NFC Championship Game win over the Packers -- has been angling for a raise since the season's end.

But, Mostert's agent said Wednesday the Niners won't budge ... so Raheem wants to play elsewhere now.

"After months of unproductive talks with the 49ers about fairly adjusting Raheem Mostert's contract (which paid him for special teams) we have requested a trade," agent Brett Tessler said.

"Disappointing that it would come to this for a guy who led all NFL RBs in YPC & helped lead them to the Super Bowl."

Mostert came out of nowhere to become a star for the Niners this past year ... rushing for 772 yards and 8 TDs on only 137 carries in the regular season.

Raheem signed a 3-year, $8.7 million deal with the 49ers before the 2019 season ... but clearly he feels he's worth well over that now.

Did you know the Patriots gave Josh Gordon a Super Bowl ring for his small role on the 2018 championship team??

It's true ... and now, the embattled wide receiver's victory bling can be all yours -- if you've got some SERIOUS cash lying around.

Officials at Heritage Auctions say they're putting JG's title drip on the auction block next month ... and they expect it to sell for somewhere in the area of $100,000!!!

Unclear how the ring made its way to the auction house ... but we're told Gordon himself is NOT selling it. Rather, officials tell TMZ Sports it's being sold by a dealer.

But, the ring is insane regardless ... it's the last one of Tom Brady's Patriots tenure -- featuring a gem carat weight of 9.85. The bling also features 10 karat gold, according to auction officials.

Of course, Gordon only played in 11 games for the Pats in the '18 season after they traded the Browns for him ... he ultimately stepped away from New England before its playoff run, saying he needed to focus on his mental health.

Gordon ended the season with 40 receptions for 720 yards and 3 TDs ... famously catching Brady's 500th career touchdown pass.

Gordon returned to the Pats the following year ... but was placed on injured reserve just a few games into the season and was later cut.

It's impossible to make sense of the brutal, random act of violence against a 12-year-old dancing in the street, but humanity's shining through to help out the victim.

The tough kid's name is Ethan, and his mother, Stephanie Hagler, tells TMZ ... more than 400 people -- family, friends and strangers alike -- have raised more than $14,000 so far to cover his medical bills and more.

Ethan's mom says the remainder of the money raised will go toward his tuition at the Fingerprint Urban Dance Studio, in Cape Girardeau, MO for the next several years. The studio will get some improvements too -- like a new security system -- and Ethan wants to put some cash toward its annual festival.

As for his health, Stephanie tells us her son's still shaken up over the assault, and fearful to perform. She says he's afraid someone out there may try to hurt him again, and the disturbing ordeal is requiring daily therapy sessions.

Ethan's also dealing with the effects of a concussion -- dizziness and headaches -- but his mom says the "overwhelming support from friends and community members has been making Ethan feel better." We're told folks have been bringing him gifts, as well ... including a painting by one of his friend's parents.

As we reported ... Ethan was with his dance instructor, Micheal Curry, Friday night when he was sucker punched by a man police ID'd as Cedric Charles Moore Jr. -- who's been charged with felony assault and felony child endangerment for the attack. Cops are still searching for him.

Curry, who recorded the video of the assault and is the owner of Fingerprint, tells us his group of dance kids is hitting pause on all street performances for now.

However, Curry says he and Ethan are scheduled to perform a DJ set at a local joint in August ... and he hopes it will help Ethan regain his confidence, while giving the community an opportunity to show support.

He says he's worked with Ethan for 4 years, and he's thankful for the support they've already gotten -- but his main focus is helping his kids regain their trust in humanity.

NBA Rookie of the Year? Nah, Ja Morant is flat-out SON of the Year ... 'cause the Memphis Grizzlies superstar just surprised his dad with a brand new car -- and it's awesome!!

The 20-year-old posted a vid of his new present for Pops on Wednesday ... and check out Dad's reaction -- dude couldn't even stand up straight he was so blown away!!

As for why ... the ride is pretty amazing -- it appears to be a new Dodge Charger SRT Hellcat, which goes 0 to 60 in about 3.6 seconds!!!

The ride -- which can come with up to 700 horsepower in the engine bay -- costs anywhere from $30,000 to $70,000 with all the bells and whistles ... so it's definitely a dope gift from Ja.

Of course, Morant owes a lot of his basketball success to his father ... Tee Morant -- who famously played high school ball with NBA legend Ray Allen -- was his main coach growing up.

In fact, Ja once said of his dad's basketball prowess, "He just knows what it takes ... Everything is really just a credit to him."

Dan Bilzerian fired a whistleblower who sounded the alarm on strange spending patterns at Dan's cannabis and CBD company ... at least according to a new lawsuit.

The popular playboy poker player and cannabis sector CEO is being sued by Curtis Heffernan, who claims he was fired from his job at Dan's weed company, Ignite, after noticing some company funds were being spent on things that seemed personal ... and then blowing the whistle.

According to the lawsuit obtained by TMZ ... Heffernan, who was Ignite's Executive VP, claims he flagged tons of purchases to the company board, such as lavish spending on a $75,000 paintball field, $40k on a rock climbing wall, $60k on a 'Star Wars' gun set, $31k on pool renovations, $50k on a bed frame, $15k on a ping pong table and $88k on a vault.

In the docs, Heffernan claims Dan's company was also burning tons of money on luxury yacht rentals, plus transportation for hot models ... and he says he found other "business expenses" that turned out to be charges for groceries and various household items.

According to the suit, Heffernan claims he told the board at Ignite the company could not afford to keep spending money in the same manner during the pandemic, and in response, Dan falsely accused him of doing drugs and he got canned.

Heffernan is going after Bilzerian for damages.

We reached out to Dan ... no word back, so far.

Is a baseball career that ended 17 years ago the reason Patrick Mahomes is now set to be a K.C. Chief for life???

Seems the superstar QB is saying exactly that ... 'cause Mahomes told reporters Tuesday his dad's experience in the MLB helped him ink a monster 10-year, $503-MILLION contract extension.

Mahomes said his dad, Pat Mahomes Sr., and his godfather, former MLB pitcher LaTroy Hawkins, both told him signing a long-term, financially-secure deal is a better route than a short-term one.

"They didn't sign that long-term contract, but they saw players who did," Mahomes said of Hawkins and his dad, who played in the MLB from 1992-2003.

"They saw players who went about it and how they kind of got that long-term security and were able to go out there and play free knowing they had the security they always wanted."

Most NFL players prefer shorter-term deals ... but Mahomes says after conversations with his dad and godfather, he believes the contract that'll keep him in K.C. through 2031 is the best call.

"Definitely was something I was able to talk to them about and get a lot of information from them," Mahomes said.

Of course, Mahomes also said the stability of the Chiefs' organization -- from ownership down to head coach Andy Reid -- also made signing a long deal and easy call.

"No offense," Mahomes told reporters, "but you can't do this with every organization."

As for what Mahomes is gonna do with all that dough?? The dude's planning to help out those in need.

"Obviously, in the time that we're in right now, there's so much opportunity to go out there and try to help the world become the best place that it can possibly be."

"I feel like having this security, this trust, within the organization and obviously the financial help, I'll be able to do that. And not only in the Kansas City community, where I hope to impact as much as I can as quickly as I can, but hopefully around the world."

If you're wondering why #BlackoutDay2020 is trending, allow us to fill you in ... and then point you in the right direction to partake.

YouTuber Calvin Martyr is credited with launching the unofficial retail holiday, which is in full swing right now -- namely, Blackout Day. It's all about supporting Black-owned businesses, exclusively, today all across the country ... to show solidarity with the Black community.

This is an idea that's been discussed a lot recently, with some notable people -- like Killer Mike, for example -- encouraging folks in the African-American community to get on board.

Basically, the philosophy is this ... the best way to affect real change, while also lifting up Black people at the same time, is to use the power of the dollar and spend it strategically. As they say, money talks in this country, right? Blackout Day 2020 is the mobilization of that principle.

Now, if you're unfamiliar with what Black-owned businesses are out there and wondering where to start -- we got you. As it turns out, there's plenty from which to choose.

We'll start with national brands and then hone in for more niche markets and products. To start off, we'll highlight AJ Crimson Beauty and Black Girl Sunscreen.

Both companies sell products with darker-skinned customers in mind, but that doesn't mean their stuff is just for Black people either. So, with that in mind, you can browse their wide selection of goods online, or you can pop into a store that carries their line in person.

Let's get to the grub -- because there are TONS of Black-owned food brands you can support too. For canned goods, health food and other fundamentals ... you can hit up Glory Foods, A Dozen Cousins, Iya Foods, EXAU Olive Oil, Neilly's, or Yolele Foods to fill your needs. When it comes to clothes, Milano Di Rouge features some unique styles.

For snacks, look no further than Pipcorn, Symphony Chips, Sol Cacao or Oh-Mazing Granola. If you're a coffee drinker -- Blk & Bold or Red Bay Coffee will wake you right up.