Money

Patrick Mahomes ain't the only dude gettin' paid this off-season -- Myles Garrett is wrapping up a contract negotiation that will pay him $125 MIL over 5 years!

The Cleveland Browns are in the "final stages" of negotiations with Garrett, according to NFL Network's Ian Rapoport ... but it's basically a lock at this point.

Rap says Garrett's deal is structured to pay $25 mil in new money per year.

"Still a few small hurdles. But it is expected to happen, as Cleveland is set to lock up a key piece," Rapoport adds.

24-year-old Garrett has been a monster in the league ever since the Browns selected him with the #1 overall pick in the 2017 NFL Draft.

His career hasn't been without controversy -- there was that infamous helmet swing directed at Pittsburgh Steelers QB Mason Rudolph during the 2019 season. Garrett was suspended for the rest of the season (6 games) and fined $45k.

Garrett expressed remorse about the incident and later told TMZ Sports he viewed the whole thing as a "blessing in disguise" because he learned a lesson from it.

Jennifer Lopez and Alex Rodriguez didn't just walk away after their first attempt to buy the NY Mets fell flat -- they came back with a squad of rich NFL and NBA players ... and now they're back in the game!

The power couple recruited a dream team of current and former NFL ballers to join their investment group to make a 2nd run at the MLB franchise ... with names like Travis Kelce, Brian Urlacher, Joe Thomas, and DeMarco Murray.

There are two NBA stars in the group as well -- Washington Wizards beast Bradley Beal and Denver Nuggets center Mason Plumlee.

Remember, J Lo and A-Rod had previously tried to buy the Mets for around $1.5 billion -- but it didn't exactly work out since the Wilpon family (which owns the team) was hoping to get around $2.5 billion.

Now, J-Rod's group is back with a larger bid -- $1.7 billion, according to ESPN ... and they're reportedly in the mix.

Hedge fund billionaire Steve Cohen is the front-runner to buy the team -- he's loaded and has already made a $2 billion bid, according to the NY Post.

But, there's still time for J-Rod's group to come back with a larger bid -- and ESPN says the Wilpons would prefer to sell to Lopez and Rodriguez if they can come closer to the top bid.

NFL Hall of Famer Brian Urlacher is stoked about the possibility of becoming an owner -- telling ESPN, "It's pretty cool."

"It's especially cool to be involved with Alex. Alex is the man. You've got Kelce, Joe Thomas, DeMarco Murray. It's great to be in a group with them."

Kelce -- K.C. Chiefs superstar tight end -- also weighed in ... saying it's a "crazy opportunity."

"I had a chance to meet Alex Rodriguez a couple years ago and just told him how much of a fan I was as a kid of him. I'm very thankful for the success that I've had in the NFL, to have an opportunity like this come across the table. I couldn't think of a more unique set of people to be in charge of this."

As we previously reported Alex and Jennifer see tremendous potential for the Mets -- with sources telling us he feels the organization has been "so mismanaged" over the years, there is nothing but upside if he can right the ship.

The big question ... can the dream team of investors ultimately compete with a single motivated billionaire?

Here's the incredible house Lizzo rented after the landlord at another rental kicked her out early, and it's easy to see why she boasted, "This house is better anyways" ... 'cause it's true!!!

TMZ's obtained pics of the private 2-acre hillside compound in Palm Springs the rapper and her crew headed to after the landlord at their first rental kicked her out of a 7-day rental, 3 days early.

As we reported ... Lizzo clapped back last week at the property owner and essentially told him to bite her where the sun don't shine. She posted this video at her new digs and captioned it, "This is for mocking the way that I dance and for using Instagram footage of me and my 6 black homegirls to say that we could ‘hurt him’ and threaten to call the police."

As for the villa where she landed -- it rents out for $5,000 a night and it features the only legal residential helicopter pad in Coachella Valley. Clearly, it caters to the rich and famous, i.e. Lizzo.

The compound is secured by steel gates at the foot of a 600-ft-long sweeping driveway. It also features mesmerizing panorama views of twinkling city lights, and the surrounding desert and mountains. In fact, the views are so sick ... Lizzo called them inspiring in the pics and vids she posted.

The house itself is 4 bedrooms, five bathrooms and 4,300-square-feet of living space. There's also a sprawling patio that features a 60-foot infinity-edge pool.

Easy to see why Lizzo loved it here.

For the real James Bond buffs, peep this -- the 1992 Lamborghini Diablo that Pierce Brosnan's nemesis owned in "Die Another Day" is for sale ... but it'll cost ya a small fortune.

The folks over at Beverly Hills Car Club -- the world's largest dealer of European classic cars -- is selling a rare 1992 Lambo ... most definitely a rare opportunity for someone to own a rare piece of James Bond history.

The Lambo's ticket price is a cool $119,500 ... but the history it's attached to is undoubtedly priceless. The film -- starring Brosnan, Halle Berry, Judi Dench and John Cleese -- features tons of sweet rides including this Lambo, which was one of the personal cars belonging to Bond's nemesis, Col. Tan-Sun Moon, later known as Sir Gustav Graves.

The classic car features a timeless signature color combination of Diablo Rosso and eye-catching Nero leather and red piping interior. The Lambo features a 5-speed manual transmission, 5.7-liter engine, power windows and OZ racing staggered wheels. The only downside ... the clutch may have to be replaced.

And, if you're a stickler for mileage when buying classic cars ... this one's only got around 45k miles on it.

If ya need a little convincing, perhaps Alex Manos, owner/president of the Beverly Hills Car Club, put it best: "James Bond has always been about fascinating cars, exotic locations, and of course, beautiful women. It's a great combination and this car is no exception."

'Nuff said.

MMA star Lance Palmer has a message for the PFL fighting promotion ... give me a fight or let me out of my contract!!

Palmer is a 32-year-old 2-time winner (2018, 2019) of the Professional Fighters League's million-dollar tournament ... and hoped to earn another milli competing in this year's competition.

COVID-19 had other plans ... and when the virus hit the U.S., PFL execs pulled the plug on the season.

But, now that combat sports -- the UFC, Bellator, boxing -- are back ... Lance tells TMZ Sports he's done sitting on the sidelines watching other fighters earn a living.

"PFL needs to hold an event, and it needs to be before the year's end for the athletes that are under contract, or there needs to be a release of some sort."

Despite how it may sound, Palmer says he has a ton of respect for the people who run PFL ... and isn't trying to beef with them.

"There's no threat about it. It's more of, do the right thing, and let's get a fight scheduled."

FYI, Lance hasn't fought since Dec 2019 ... and says PFL doesn't plan on booking him a bout until next summer -- an 18-month layoff.

"More than making money, it's about competing in my prime. And, to have 18 months off, and to try and hold us out until next June for the actual season, I don't agree with it at all, and that's kinda when I'm speaking out for everybody on the roster at PFL."

Palmer says plenty of other fighting organizations and sports leagues have figured out how to safely hold events while keeping athletes safe and healthy ... so blaming the layoff on COVID-19 doesn't fly anymore.

"The excuse of the coronavirus isn't an excuse anymore. There are ways to go around it, and still make it safe for the athlete."

Matt Lauer is enjoying himself as a newly-single bachelor ... wining and dining his date and taking her for a ride on his $1.4 million floating escape that screams resilience.

The fired "Today" show host pulled out all the stops this week while on a date with a mystery brunette in Orient, NY, a picturesque town at the end of the North Fork of Long Island.

Check out these videos and pics of Matt and his mystery woman as they dine at Duryea's Orient Point. They're awfully chatty as they pick at a shared vegetable platter.

Things went well for Matt ... after an hour at their table, the two left the fancy restaurant and boarded his yacht, named "Resilient."

As you know ... Matt was canned from NBC in Nov. 2017 in the wake of sexual harassment allegations against him, and not long after his wife, Annette Roque, filed for divorce. He's now officially single.

Matt's on his best behavior here ... helping his date onto his expensive Hinckley T38 yacht before shoving off and taking the wheel as they head out into the beautiful blue waters for more summer fun. They even wore masks in public.

Gotta love a dude who's betting on himself ... after signing the largest contract in NFL history!

Check out Patrick Mahomes, Travis Kelce and their significant others hitting the casino in Lake Tahoe on Thursday night ... keeping the party going after a day on the water.

Unclear if Patrick actually did any wagering -- but it's gotta be a GREAT feeling knowing your bank account will soon be bigger than all of the progressive jackpots in the building COMBINED!

Of course, even the most wealthy pro athletes love to gamble -- just ask Michael Jordan, Charles Barkley, Allen Iverson and more.

Earlier in the week, Mahomes and his crew flew in on a private jet -- BECAUSE THAT'S HOW THEY ROLL NOW!!!

Once they touched down, they hopped in a custom Coors Lite RV before having their own private boat party on the lake ... complete with diving, dancing and celebrating.

Cardi B's got babies on her mind ... and she's also seeing green, 'cause it appears she's about to dive into the baby clothing biz!!!

According to docs, obtained by TMZ ... the rapper wants to trademark her name for a new children's clothing line to make just about everything for little ones ... from bottoms, shirts and sweaters to bibs, onesies and headwear.

All would be embroidered with her name. We can see it now -- "Get these Cardi Bibs on your kid before every meal!!!"

It only makes sense for Cardi to get in the baby clothing biz. She's already proven to be a dominant player in the fashion world. You'll recall her Fashion Nova line was an instant hit. She's also, in the past, teamed up with Tom Ford and Reebok, to name a few.

But, with Cardi getting more business savvy and her daughter, Kulture, growing up so fast -- it was only a matter of time before Mama Cardi launched her own baby clothing line.

These babysitters are making some serious loot ... 3 of the stars of "The Baby-Sitters Club" reboot are getting huge paydays!!!

14-year-old actresses Shay Rudolph, Sophie Grace and Xochitl Gomez are making quite the bundle to look after babies and hang out with their BFFs on Netflix's new adaption of Ann M. Martin’s coming-of-age novels.

According to the girls' minors contracts -- obtained by TMZ -- Shay, Sophie and Xochitl are each raking in a cool $15,000 per episode for the first season.

Shay, who plays Stacey McGill, and Sophie, who plays Kristy Thomas, are getting paid for 9 episodes in the 10-episode season ... so they're each earning a pretty hefty $135,000 overall. Pretty good babysitting gig.

Xochitl, who plays Dawn Shaefer, is getting paid for 7 episodes ... so she's taking home $105,000. Still, not bad.

If the reboot gets picked up for more seasons, the teen stars are in line for even bigger paychecks. The trio would each earn $16,500 per episode in the 2nd season, $18,150 per episode in the 3rd, $19,965 per episode in the 4th and $21,961.50 per episode if it goes all the way to a 5th season.

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.