College Football

Heisman Trophy 2022 prize money: How much does the winner get?

The Heisman Trophy winner gets not only a big award but also an extra push for the NFL teams to notice him and thus he can sign a million-dollar contract.

December 10, 2022 08:16AM EDT

**© Getty Images**DeVonta Smith won the Heisman Trophy as Wide Receiver

Most Heisman Trophy winners become millionaires by signing contracts with NFL Teams since most of the winners are considered top picks.

But other Heisman winners don’t play as well in the NFL as they did during their college years and that means their pro career will end faster than normal.

Lamar Jackson and Kyler Murray are millionaire quarterbacks thanks to their top college careers and the boost they got from winning the Heisman Trophy.

Do they pay the Heisman Trophy winner something?

No, there is no cash prize related to the Heisman Trophy. But the winners of said trohpy have higher odds of signing pro contracts with any NFL team.

The only way a Heisman winner will get money from the trophy is if he sells the award after winning it but it won’t be worth the same as other players who sold their trophies after a couple of NFL seasons.

The 2021 winner was Bryce Young, he’s considered a top quarterback but he’s not playing in the NFL yet, while other top college players like Joe Burrow made it to the Super Bowl a couple of years after winning the Heisman Trophy.

Richard Tovar

Richard “Richie” Tovar is a bilingual sports writer with over 13 years of experience in the field. Since joining Bolavip US in 2021, he has focused on covering American sports, with a particular emphasis on the NFL and College Football. Raised in Venezuela, a country passionate about baseball, Richard also dedicates significant attention to MLB coverage each season. His deep connection with and love for American sports shine through his writing, where he frequently showcases his passion for numbers and statistics, enhancing the depth and insightfulness of his articles.

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