Net Worth Ranker
What Is Colt McCoy’s Net Worth?
Colt McCoy, a celebrated figure in American football, boasts a net worth of $14 million. This financial standing is largely attributed to his career as a professional football player, primarily serving as a backup quarterback in the National Football League (NFL). McCoy’s journey to accumulating this wealth began with a promising college career, followed by several contracts and endorsements in the NFL.
Early Life and College Career
Daniel “Colt” McCoy was born on September 5, 1986, in Hobbs, New Mexico. His formative years were spent in Tuscola, Texas, where he attended Jim Ned High School. His father served as his football coach, providing early mentorship and guidance. As a high school athlete, McCoy distinguished himself as a two-time Associated Press 2A Offensive MVP and earned First-team All-State honors. In 2003, he played a pivotal role in leading Jim Ned to the Texas 2A State Championship, although they were ultimately defeated by the San Augustine Wolves with a score of 28-7. Notably, McCoy holds the record as the all-time passing leader in Texas Division 2A high school history and ranks fourth overall among all Texas high school players. McCoy’s college career began at the University of Texas, where he played under head coach Mack Brown. From 2006 to 2009, he was a four-year starter for the Longhorns, becoming the only player in the program’s history to win or share the team’s MVP award for four consecutive years. In 2006, he was named the Big 12 Offensive Freshman of the Year and the Alamo Bowl Offensive MVP. McCoy continued his success in 2007, earning the Holiday Bowl Offensive MVP title. In 2008, he was honored with the prestigious Archie Griffin Award. He was a two-time First-team All-American (2008, 2009) and a two-time Walter Camp Award winner (2008, 2009). McCoy was also a Heisman Trophy nominee in both 2008 and 2009, ultimately becoming a finalist in 2009. His senior year was particularly remarkable, as he became the most victorious quarterback in NCAA history with 45 career wins. He was also named the Fiesta Bowl MVP, the “Sporting News” College Athlete of the Year, the Big 12 Offensive Player of the Year, and the winner of the Johnny Unitas Golden Arm Award, the Chic Harley Award, the Manning Award, the Davey O’Brien Award, and the Maxwell Award. In recognition of his achievements, his No. 12 jersey was retired by the Texas Longhorns.
NFL Career and Earnings
Colt McCoy’s NFL journey commenced in 2010 when he was drafted by the Cleveland Browns as the 85th overall pick in the third round. After several seasons, he was traded to the San Francisco 49ers in April 2013. He then signed with the Washington Redskins in 2014, where he remained until 2019. In 2020, McCoy signed a one-year contract with the New York Giants to serve as a backup to Daniel Jones. In March 2021, he joined the Arizona Cardinals as a backup to Kyler Murray. Over his NFL career, McCoy has earned over $24 million in salary alone. His initial NFL contract with the Cleveland Browns was a four-year deal worth approximately $5 million. In 2016, he signed a three-year contract with the Washington Redskins valued at $9 million. In 2018, McCoy and the Redskins agreed to a two-year extension worth $6.5 million. Colt McCoy’s net worth is significantly influenced by these earnings, reflecting his longevity and value as a consistent NFL player.
Contracts & Career Earnings
Colt McCoy’s financial success is largely attributed to his earnings from NFL contracts. His initial contract, a four-year deal with the Cleveland Browns, amounted to nearly $5 million. This contract provided a solid foundation for his early career earnings. Later, in 2016, McCoy secured a three-year contract with the Washington Redskins, valued at $9 million. This deal significantly boosted his income, reflecting his established role in the league. Further solidifying his financial standing, McCoy signed a two-year, $6.5 million extension with the Redskins in 2018. Over the course of his NFL career, Colt McCoy has accumulated over $24 million in salary alone. This substantial income underscores his value as a seasoned player and a reliable backup quarterback. While specific details of endorsement deals and other income sources remain private, his NFL contracts represent the primary source of his $14 million net worth. Colt McCoy net worth comes mostly from his salary.
Personal Life
Colt McCoy married Rachel Glandorf in July 2010, marking a significant personal milestone. Together, they have built a family with two daughters and a son. Outside of football, McCoy enjoys various outdoor activities, including hunting, fishing, and playing golf. These hobbies provide him with opportunities for relaxation and recreation away from the pressures of his professional career. In 2006, McCoy garnered attention for his heroic act of swimming 300 yards across a lake to assist a man who was experiencing a seizure. This act reflects his character and willingness to help others in need. While details about his specific residences, vehicles, and other personal assets are not publicly available, his career earnings suggest a comfortable lifestyle for him and his family. Colt McCoy has successfully balanced his professional achievements with a fulfilling personal life.
