Joe Namath Net Worth

What Is Joe Namath's Net Worth and Career Earnings?

Joe Namath is a retired American football quarterback who has a net worth of $25 million. Otherwise known as "Broadway Joe," Joe Namath was a quarterback who played for the New York Jets before finishing his career with the Los Angeles Rams. Off the field, Joe is considered a pop culture icon. He became a talk show host, a spokesperson, and an established actor. Namath was later voted the NFL's "greatest character." He was inducted into the Pro Football Hall of Fame in 1985.

Early Life

Joseph William Namath was born on May 31, 1943, in Beaver Falls, Pennsylvania. Raised alongside five siblings in a Catholic household, Joe is the son of working-class parents. After his parents divorced, Namath lived with his mother. Joe's abilities as a "natural athlete" soon became obvious during high school, where he played on the football team, the basketball team, and the baseball team.

After graduating from high school in 1961, a number of baseball teams tried to attract him to Major League Baseball. However, Namath chose football instead, as his mother wanted him to get a college education. He subsequently attended the University of Alabama and played for the Crimson Tide. From 1962 to 1964, Namath was the quarterback of the Crimson Tide. In 1964, he led the team to a national championship.

NFL Career

Cartilage damage to Namath's knee made him ineligible for the draft during the Vietnam War, and he was signed by the New York Jets (who then played in the AFL). In 1965, he was given the nickname "Broadway Joe" after appearing on the cover of "Sports Illustrated." During his first season, Joe was named AFL Rookie of the Year. Despite this, he continued to struggle with knee injuries.

Shortly before the NFL and the AFL were merged into one, Namath played the game of his life during Super Bowl III, beating the Baltimore Colts after personally guaranteeing the victory days earlier. He became the MVP of the Superbowl game, completing eight passes to one player alone (George Sauer) for 133 yards.

Over the next period, Namath struggled with injuries and began to miss games for the first time in his career. However, Joe continued to wow audiences, throwing for 496 yards in a victory against the Colts. Many experts consider this to be the finest example of passing in a single game. Towards the end of his career, he transferred to the Los Angeles Rams. Numerous injuries prevented him from finishing on a high, and he retired at the end of the 1977 season.

Over his career, Broadway Joe threw for 3,762 yards on a 50.1% completion rate, with 173 touchdowns and 220 interceptions.

Salary Highlights

Joe was drafted by both the St. Louis Cardinals of the NFL and the New York Jets, who were then part of the AFL. He was a #12 pick with the Cardinals and #1 pick for the Jets. Joe considered both draft offers carefully. He told the Cardinals that he wanted a salary of $200,000 and a brand-new Lincoln Continental. The Cardinals were stunned by his demands but ultimately relented on the condition that he commit to them in writing before the Orange Bowl. Signing a professional contract would have made him ineligible to play in the Bowl game, so Joe was reluctant. He ended up playing in the Orange Bowl and signed with the Jets the day after. His rookie contract with the Jets was $427,000 over three years,  $142,000 per year. That's the same as signing a $3.5 million contract today, roughly $1.16 million per year.

In 1975, he signed another record-breaking contract. This one was a two-year $900,000 deal with the Jets. That's the same as $4.3 million today, $2.15 million per year.

Acting Career

Namath's acting career began in 1969 when he hosted the "The Joe Namath Show," but he quickly transitioned into proper acting roles. He began to appear in stage productions, and he followed up with film roles in movies like "C.C. and Company." He also appeared in the television series "The Waverly Wonders" before booking roles on shows like "The Love Boat," "Married… With Children," "Here's Lucy," "The Brady Bunch," "The Sonny & Cher Comedy Hour," "The Flip Wilson Show," "Rowan & Martin's Laugh-In," and many others. In addition, Joe became an established voice actor with roles in animated series like "The Simpsons."

Relationships

Joe was a bachelor for many years. In 1983, however, Namath met an aspiring actress named Deborah Mays while he was taking a voice acting class. Although he was 19 years her senior, the pair married in 1984 and later had two children, Jessica and Olivia. Joe became a dedicated family man after the marriage, but the pair eventually divorced in 2000.

Alcoholism

Joe struggled with alcoholism throughout much of his life. Things reached a boiling point in the years immediately after his marriage to Mays, as he continued to drink heavily. Mays then warned Namath that drinking could end the marriage, and he managed to get his addiction under control. However, after the divorce in 2000, Joe relapsed.

In 2003, Namath drank heavily before going on the air with EPSN. The day was supposed to be about honoring the Jets' All-Time team, but instead, headlines were all about Joe's inebriation. He managed to answer one question from Suzy Kolber correctly but then told the reporter that he wanted to kiss her. Joe later admitted that he had embarrassed himself, and he subsequently decided to get treatment for his alcoholism.

Bachelors III

In 1969, Joe Namath opened a nightclub on the Upper East Side of New York City called Bachelors III. The club became incredibly successful and attracted many celebrities. However, the club also became a popular destination for members of organized crime. Namath was embroiled in controversy after he refused to sell his interest in the establishment, despite the insistence of NGL Commissioner Pete Rozelle. He later announced that he was going to retire because of the incident before changing his mind, selling his interest, and continuing his career.

Brand Endorsements

Joe Namath was well-known for his many brand endorsements over the course of his career, appearing in commercials for brands like Ovaltine, Noxzema, and Hanes.

In 1975, Joe became the highest-paid celebrity endorser, earning $1 million per year from various brand deals. He was also earning $450,000 per year in salary, which meant he was earning the inflation equivalent of $7 million per year in salary and endorsements.

Real Estate

In 2016, Namath purchased a property on the Upper West Side of New York City for about $1 million. The purchase was apparently a gift for his daughter and her husband, as the pair were also listed as the buyers. The first-floor duplex is an attractive family home with two bedrooms and plenty of storage space. In 2019, it was reported that Namath was selling this property with a listed price of $1.195 million.