49ers Sign Jimmy Garoppolo To Five-Year, $137.5M Extension

Update:

Adam Schefter has the contract details for the new five-year, $137.5 million extension for 49ers QB Jimmy Garoppolo.

Here’s the full breakdown:

Signing bonus: $7 million.‬
‪Guaranteed roster bonus: $28M‬
‪2018 base salary: $6.2M (gtd)‬
‪Workout bonus: $600K‬
‪Per-game roster bonus: $800K‬

‪Year 1 total: $42.6M‬
$74.1M injury guarantee already kicked in.‬

‪2019 bass salary: $17.2M, $7.5M of which is guaranteed at signing.‬
2019: Workout bonus: $600K‬
‪Per-game roster bonus: $800K‬

‪For 2019, will make $18.6M for a 2-year total of $61.2M – $10M more than he would have received if he had been franchised two straight times.‬

‪2020 bass salary: $23.8M, $15.7M of which is guaranteed for injury. ‬
If 49ers wanted, could cut him before April 1, 2020 and he would have made $61.2M and been a free agent.‬
2020 Workout bonus: $600K‬
‪Per-game roster bonus: $800K‬
At end of three seasons, he walks away with $86.4M.‬

‪2021: $24.1M base salary‬
2021 Workout bonus: $600K‬
‪Per-game roster bonus: $800K‬
If he makes it to NFC Championship game or is first- or second-team All Pro, then a $7.5M injury guarantee kicks in.‬

‪2022: $24.2M base salary‬
‪Workout bonus: $600K‬
‪Per-game roster bonus: $800K‬

‪Total is $137.5M.‬

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Raj Mathai is reporting that the 49ers have reached an agreement with QB Jimmy Garoppolo on a contract extension that will make him the highest-paid player in the NFL.

  • Mike Garafolo confirms the news and adds that Garoppolo receives a five-year, $137.5 million contract from the 49ers that is the biggest deal in NFL history on an average-per-year basis.
  • Mike Maiocco reports that Garoppolo’s contract includes $74 million in total guarantees.
  • According to Adam Schefter, Garoppolo’s contract will include close to $90 million over the first three years of the agreement.

This contract will pay Garoppolo $27.5 million per year and accounts for just over 15 percent of the 49ers’ salary cap. Garoppolo will be under team control through the 2022 season.

Matthew Stafford previously had the highest total value contract in the NFL at $135 million and $60 million guaranteed.

Last weekend, Ian Rapoport of NFL Media reported that the 49ers and Garoppolo were moving closer toward an agreement on a long-term contract extension after negotiations between the two parties gained “significant momentum” so this doesn’t come as a complete surprise.

Garoppolo, 26, is a former second-round pick of the Patriots back in 2014. He is entering the final year of his four-year, $3,483,898 rookie contract and stands to make a base salary of $820,077 to go along with a $75,000 workout bonus for the 2017 season.

The Patriots traded him to the 49ers at this year’s draft deadline in return for a 2018 second-round pick.

Garoppolo was in line to be an unrestricted free agent next month.

In 2017, Garoppolo appeared in six games and threw for 1,560 yards while completing 67.4 percent of his passes to go along with seven touchdowns and five interceptions. Pro Football Focus has him rated as the No. 10 quarterback out of 40 qualifying players.

We had him featured in our Top 100 – 2018 NFL Free Agents list.