Randall Cobb’s net worth has become a hot topic among fans following the recent house fire incident. The NFL wide receiver and his family narrowly escaped the blaze, believed to have been caused by a faulty Tesla charger in the garage. Since the incident, discussions about his career, earnings, and possessions have been widespread.
Let’s find out how exactly Randall Cobb makes his money.
What is Randall Cobb’s net worth in 2024?
Randall Cobb has an estimated net worth of $25 million in 2024.
Randall Cobb is famous for being a skilled wide receiver in the National Football League (NFL). He’s had a long career with impressive stats, particularly during his time with the Green Bay Packers.
Randall Cobb’s earnings explained — how does he make money?
Randall Cobb has built his wealth primarily through his NFL career. His income comes from sources like NFL contracts. These multi-year deals guarantee him a base salary and often include signing bonuses and incentives. Each year of his contract, Cobb receives a fixed amount of money as his base salary.
NFL contracts
NFL contracts are multi-year agreements between a player and a team that outline the financial terms of the player’s employment. These contracts serve as the primary source of income for NFL players like Randall Cobb. As part of the contract, he receives a one-time signing bonus when he signs it.
For example, in 2020, Cobb received a $6 million signing bonus. Furthermore, his contract included a guaranteed amount of $18 million, ensuring he would earn at least this much over the contract’s duration, even if the team cut him before its end.
Salaries
Randall Cobb signed a 3-year, $27 million contract with the Houston Texans in 2020. This contract included a base salary, which is a fixed amount the player is guaranteed to receive each year. The average annual salary was $9 million, meaning his base salary each year was likely around $9 million, though the exact amount could vary slightly year-to-year.