Net Worth Ranker
What Is Matt Schaub’s Net Worth?
Matt Schaub, a former American professional football quarterback, has accumulated a net worth of $40 million throughout his career. His financial success stems primarily from his 17 seasons in the National Football League (NFL), where he played predominantly as a backup but also achieved notable success as a starter for the Houston Texans. His career earnings reflect the lucrative nature of professional football and the value placed on quarterbacks in the NFL.
Matt Schaub’s Career Earnings and Contracts
Schaub’s financial standing is significantly shaped by his NFL contracts and career earnings. Over his 17-year NFL career, Matt Schaub earned more than $94.3 million in salary alone. This substantial income reflects his longevity in the league and the high value placed on quarterbacks, particularly those who have demonstrated the ability to lead a team. A closer examination of his contracts provides additional insight into the structure of his earnings.
In 2007, Schaub signed a six-year, $48 million contract with the Houston Texans. This contract was a pivotal moment in his career, establishing him as the team’s starting quarterback and significantly increasing his earning potential. The average annual value of the contract was $8 million, a substantial sum at the time. The contract also likely included signing bonuses and other incentives, further boosting his income.
Entering the 2012 season, Schaub was in the final year of his contract with the Texans. Recognizing his value to the team, the Texans agreed to terms on a four-year, $62 million deal to keep him under team control through 2016. This contract extension represented a significant raise for Schaub, with an average annual value of $15.5 million. The contract likely included a larger signing bonus than his previous deal, reflecting his status as a proven NFL starter.
In 2014, Schaub signed with the Oakland Raiders for two years at $13.5 million. This contract, while less lucrative than his previous deal with the Texans, still provided him with a substantial income and the opportunity to continue his NFL career. The average annual value of this contract was $6.75 million. His last contract in the NFL was with the Atlanta Falcons for two years and $9 million. This contract served as a backup role and added to his overall career earnings.
Beyond his base salaries, Schaub also earned income from endorsements and other off-field activities. While the specific details of these earnings are not publicly available, it is common for NFL players, particularly quarterbacks, to supplement their income through endorsements with various brands. These endorsements can range from local businesses to national brands, and the income generated can be substantial.
Early Life and College Career
Matthew Schaub was born on June 25, 1981, in Pittsburgh, Pennsylvania. He attended West Chester East High School, where he excelled in multiple sports, earning letters in football, basketball, and baseball. His early athletic success laid the foundation for his future career in professional football. He went on to the University of Virginia to continue playing football where he redshirted as a true freshman.
Schaub transferred to the University of Richmond for the 2002 season and battled for the starting spot, eventually taking over for good and having a breakout season. He threw for 2,976 passing yards to go with 28 touchdowns and seven interceptions that year. Schaub was named the 2002 ACC Player of the Year and 2002 ACC Offensive Player of the Year. He was First-Team All-ACC in 2002 and Second-Team All-ACC in 2003. He finished his college career holding 22 school records. The Virginia Cavaliers retired his No. 7 jersey.
NFL Career Details
With the 90th overall pick in the third round of the 2004 NFL Draft, Matt Schaub was selected by the Atlanta Falcons. He started out as the backup but replaced an injured Michael Vick in Week 16 against the New Orleans Saints. He saw action in six games total. In 2005, Matt was named the Most Valuable Player in the American Bowl preseason game in Tokyo, Japan. He completed 11 of 13 passes for 117 yards and two touchdowns in a comeback victory over the Indianapolis Colts at the Tokyo Dome.
In 2007, Schaub was acquired by the Houston Texans for second-round picks in 2007 and 2008. The teams also swapped first-round picks in 2007. The Texans released David Carr, making Schaub their new starter. He had success with the team, being named to the Pro Bowl in 2009 and 2012. Matt was also the NFL passing leader in 2009. During the 2012 season, he tied for the second most passing yards in a single game in NFL history with 527 yards.
The team upgraded its weapons for the 2013 season with the selection of DeAndre Hopkins in the first round, but Schaub struggled down the stretch and was hampered by injuries. In 2014, Matt was traded to the Oakland Raiders. He was benched to start the season in favor of rookie Derek Carr. Schaub was released in March 2015. He signed with the Baltimore Ravens as a backup for a season before returning for a second stint with the Atlanta Falcons as a backup to Matt Ryan.
In January 2021, it was announced that Matt retired from the league.
