The Cleveland Browns selected Colt McCoy in the third round of the 2010 NFL Draft. He then inked a $4.9 million, four-year contract. He was traded in 2013 to play the final year of his rookie contract with the San Francisco 49ers.
From 2014 until 2019, he was a player for Washington as well, earning over $17 million. He then agreed to a $2.25 million one-year contract with the New York Giants in 2020.
He played the last two seasons of his NFL career for the Arizona Cardinals, first on a $1.2 million one-year deal and later on a $7.5 million two-year deal. After the first year of the latter agreement, he was let go.
What Is Colt McCoy’s Salary and Net Worth?
Celebrity Net Worth says that American football player Colt McCoy has a $14 million fortune. One of the most accomplished college quarterbacks of all time, Colt McCoy has primarily made his living as an NFC backup quarterback for the Cleveland Browns, San Francisco 49ers, Arizona Cardinals, Washington Redskins, and New York Giants.
Colt McCoy’s Early Life
Mack Brown was Colt McCoy’s head coach at the University of Texas, where he played collegiate football. McCoy became the first player in team history to win or split the MVP award for four straight years while starting for the Longhorns from 2006 to 2009.
In 2006, he was voted the Alamo Bowl Offensive MVP and the Big 12 Offensive Freshman of the Year. In 2007 McCoy was named Holiday Bowl Offensive MVP, and in 2008 he was honored with the Archie Griffin Award.
In addition to winning the Walter Camp Award twice (in 2008 and 2009), he was a two-time First-team All-American. In 2008 and 2009, McCoy was also a finalist for the Heisman Trophy.
With 45 career victories, he became the most successful quarterback in NCAA history during his most productive year. In addition, he was voted the Big 12 Offensive Player of the Year, Sporting News College Athlete of the Year, and Fiesta Bowl MVP.
In addition, McCoy received the Maxwell, Manning, Davey O’Brien, Chic Harley, Johnny Unitas Golden Arm, and Manning Award. The Texas Longhorns have retired his number twelve jersey.
NFL Career
In the third round of the 2010 NFL Draft, the Cleveland Browns picked Colt McCoy with the 85th overall choice. Following several uneven seasons, he was first-round choice Brandon Weeden’s backup for the majority of 2012. McCoy was dealt to the San Francisco 49ers in April of 2013.
In 2014, he signed a contract with the Washington Redskins, where he played until 2019. As Daniel Jones’ backup in 2020, McCoy inked a one-year deal with the New York Giants.
McCoy inked a contract in March 2021 to play as the Arizona Cardinals’ backup to Kyler Murray.
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Colt McCoy’s Pay and Contracts
Colt McCoy’s NFL rookie contract paid him close to $5 million over four years. He inked a $9 million, three-year contract with the Washington Redskins in 2016.
The parties reached a two-year, $6.5 million agreement in 2018. McCoy has made almost $24 million in pay alone during his NFL career.
Colt McCoy’s Assets & Investments
Colt McCoy, a former NFL quarterback and University of Texas star, has diversified his investments and assets over the years.
As of 2024, Colt McCoy’s net worth is estimated to be around $17 million. This figure encompasses his earnings from his NFL career, which included contracts with multiple teams, as well as endorsement deals and other business ventures.
Investments
One of McCoy’s notable investments is in the Dunkin’ Donuts franchise. He is a key member of an investment group planning to open 23 Dunkin’ Donuts locations in the Austin area. This initiative is part of a broader strategy to expand the brand’s presence in Texas, with several locations already in operation and more planned for the future.
Endorsements
In addition to his investments, McCoy has engaged in various endorsement deals, including a notable partnership with Russell Athletic, which highlights his marketability even after transitioning from active play to broadcasting.
Career Transition
Following his retirement from professional football, McCoy has taken on a role in sports broadcasting, joining NBC Sports for coverage of Big Ten football, further contributing to his professional portfolio. Overall, McCoy’s financial strategy appears to blend traditional earnings from sports with entrepreneurial ventures, positioning him well for future financial stability.
Colt McCoy’s Cars and Houses
Colt McCoy’s assets, particularly his cars and houses, reflect his successful NFL career and investments.
Cars
While specific details about Colt McCoy’s car collection are not extensively documented, it is known that he has a $7,500 car allowance from his college days, which indicates a potential affinity for luxury vehicles. However, the exact models he owns or prefers remain unspecified in the available information.
Houses
Colt McCoy has made significant investments in real estate, owning multiple properties in Texas. His real estate portfolio is part of a broader strategy to secure financial stability post-retirement from professional football.
Overall, McCoy’s choices in cars and houses reflect a blend of personal preference and strategic investment, aligning with his overall financial strategy.
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