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Finance

Michael Schofield contract, salary and net worth explored

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Michael Ross Schofield III is an American football offensive guard for the Chicago Bears of the National Football League (NFL). He was drafted by the Denver Broncos in the third round of the 2014 NFL Draft. He played college football at Michigan.

Contract

Michael Schofield signed a 1 year, $1,120,000 contract with the Chicago Bears, Schofield earned 2013 All-Big Ten Conference honorable mention recognition from the coaches. He excelled in the pre-2014 Senior Bowl workouts earning NFL Network player of the day on Wednesday, January 22.

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Salary per year

Schofield’s average annual salary of $1,120,000. In 2022, Schofield will earn a base salary of $1,057,774, while carrying a cap hit of $845,274. As a sophomore at Sandburg High School, he became a lineman. By the time he was a senior, he was a special mention in, the 2008 Chicago Tribune All-State selection. Schofield signed with Michigan head coach Rich Rodriguez on February 4, 2009.

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Net worth

Michael Schofield’s net worth or net income is estimated to be $1 million – 10 million dollars. Schofield grew up in Orland Park, IL, just over 30 minutes outside the city of Chicago. The 31-year-old offensive lineman attended Sandburg High School before committing to the University of Michigan.

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