Phil Simms, a former NFL quarterback for the New York Giants, transitioned into a successful broadcasting career after retiring from football.
Known for his sharp football analysis, Simms joined CBS Sports in 1998 and became a prominent figure on “The NFL Today” and various CBS broadcasts. His insight and expertise have made him one of the most respected commentators in the sports world.
Simms’ long-standing presence on television has contributed significantly to his income, which has bolstered his impressive net worth.
Phil Simms’ Wealth and Income Sources
Simms’ wealth comes from both his NFL career and his work as a commentator. As a former QB, he earned substantial salaries during his playing days, especially after leading the Giants to two Super Bowl victories. According to reports, it was estimated that the Giants paid him $2.5 million a year out of the team’s budgeted $34.6 million in 1993.
Post-retirement, Simms leveraged his football knowledge into a lucrative broadcasting career. Starting with CBS Sports, Simms quickly became a lead analyst on NFL games, with an estimated annual salary of $3 million. His decades-long broadcasting career, along with endorsement deals, has greatly increased his financial standing.
However, as announced earlier this year, Simms’ tenure with CBS has ended. Hence, his net worth is estimated at $16 million.
Besides his role as an analyst and commentator, Simms has also appeared on the television screen. He appeared in the popular sitcom, “How I Met Your Mother,” and the true-crime drama, “Criminal Minds.”
Thanks to his broadcasting income, Simms owns a lavish home in New Jersey and Tennessee. He lives in New Jersey with his wife and three kids — two sons of which (Matt and Chris) were former pro quarterbacks.
Simms was born on Nov. 3, 1955 in Springfield, Kentucky at his grandfather’s farm. Simms attended Southern High School, where he began his career as the QB for the Trojans’ football team till his graduation in 1974.
Simms attended Morehead State University, where he played for the Eagles’ football team. He left Morehead State with a 48.9% completion percentage, 32 touchdowns, and 45 interceptions.