The 49ers and quarterback Brock Purdy recently agreed to an extension that moves the former seventh-rounder near the top of the quarterback market in terms of average annual value ($53MM) but still outside the top five earners at his position. Cowboys passer Dak Prescott still leads the way with a $60MM AAV, and when negotiations between San Francisco and its own signal-caller commenced, Purdy tried to shatter Prescott’s number.

According to ESPN’s Adam Schefter, in an appearance on UNSPORTSMANLIKE Radio, Purdy sought a yearly payout of $65MM at the outset of contract talks (via David Bonilla of 49ersWebZone.com).

“Yes, that was his initial asking price, 65 [million],” Schefter said. “But you know what? Everybody’s initial asking price should be high. That’s how it should be, and his was. I don’t know that he thought he was going to get that, but you might as well start high. Nothing abnormal or unusual about that at all.”

Given Purdy’s regression in 2024 and the fact that rival clubs have been rumored to view his surprising success largely as a function of head coach Kyle Shanahan’s system, it was always unlikely he would approach his $65MM/year overture. However, contrary to prior suggestions that an overly-ambitious ask could throw a wrench in negotiations, it seems that was not the case.

Club brass never wavered on its long-held goal of finalizing an extension for Purdy, and after conversations got underway in February – Purdy was not eligible for a new contract until this offseason – there was no whisper of a hiccup or any other development that would delay an agreement. Rather, all public reports published after that date indicated the two sides were making good progress, and that progress culminated in a five-year, $265MM accord on May 16.

It thus appears that neither player nor team ever injected the notion of a trade into these proceedings, and Schefter confirms as much.

“I remember talking to teams, and just being like, ‘Hey,’ as they were trying to solve their quarterback needs, ‘any interest in Brock Purdy?'” Schefter said. “And they were like, ‘Great player, but he’s a great player for them.’ So they didn’t see it that way. So that was the opinion of other teams.”

Schefter’s statement does seem to validate the above-referenced belief that other teams see Purdy as a Shanahan product who would not do as well in a different offense. Perhaps aware of that reality, Purdy & Co. came down quite a bit from their initial proposal and ultimately “settled” for a contract well below their $65MM shot across the bow (the deal does come with a no-trade clause and favorable short-term cash flow, though the new money figures become more team-friendly in the second year of the extension term).

With his contract situation now resolved, Purdy and the Niners will attempt to regroup from a significant departure of talent this offseason – which was triggered in no small part by the QB’s impending big-money deal – and launch a bounceback 2025 campaign.

Much of the 49ers’ offseason contract work has been taken care of well before training camp. That includes the long-term extension recently worked out with quarterback Brock Purdy.

That five-year, $265MM pact ties Purdy to San Francisco through 2030 and ensures his earnings on his second NFL pact will vastly outweigh his first. The former ‘Mr. Irrelevant’ will receive a $40MM signing bonus, Mike Florio of Pro Football Talk details. Other notable payouts include option bonuses due in 2026 ($37.75MM), 2027 ($15MM) and 2028 ($20MM).

Purdy is assured of $100MM at signing, and the outstanding money which is not already locked in for 2027 ($15.35MM) will shift from an injury to a full guarantee on April 1, 2026. A $55.05MM injury guarantee exists for 2028, but $5MM of that total will be fully locked in early if Purdy handles at least a 50% snap share and the 49ers win the Super Bowl this year or next. Of his 2029 compensation, $7.15MM will become a full guarantee on April 1, 2028, with the remaining $5MM vesting one year later. Workout and roster bonuses are present throughout the deal, which includes a non-guaranteed base salary of $49.05MM in its final year.

With an average annual value of $53MM, this deal moves Purdy near the top of the market for quarterback compensation. His pact nevertheless falls short of similar ones signed before this offseason, and considering the trend of QB contracts leapfrogging each other as the cap continues to surge this can be viewed as a team-friendly arrangement. That is particularly true in 2027 when it comes to cashflow – which will stand at $110MM in new money at that point – as Jason Fitzgerald of Over the Cap writes.

“We want to make sure that we’re working together with our organization and setting up everybody for success,” Purdy said when speaking to the media about his extension (via ESPN’s Nick Wagoner). “It’s not just for me to get all the money as much as I can, but also, hey, let’s surround yourself with a great team and players and a great locker room, and all those things mattered.”

In addition to a major spike in pay and a series of rolling guarantees, Purdy’s deal contains a no-trade clause. A number of other terms had been agreed to in the days leading up to the agreement, per Cam Inman of the San Jose Mercury News. Just prior to the deal being signed, though, other elements – one of those likely being the clause – came up in negotiations. Franchise quarterbacks receiving no-trade clauses is nothing new, but Purdy’s deal is the first in 49ers history to include one.

“I think it’s important, yes, but also that’s something that my agent and I had discussed with what other quarterbacks have around the league and stuff in their contract,” the 25-year-old added during his press conference (via Florio). “But, for me, was it going to be a determining factor in signing it or not? No. We were very grateful that we had it in there, but… everything else that the contract entails we’re extremely excited about, so we’re just grateful how it turned out.”

Given the structure of the deal, the 49ers will have Purdy in place atop the depth chart for at least the next three seasons. San Francisco’s first opportunity to move on from the Iowa State product will come during the 2028 offseason before his next round of guarantees kicks in, as a release would yield over $41MM in cap savings while generating a dead money charge of only $16MM. If things go according to plan for team and player, though, such a move will not receive consideration.

Deviating from their usual extension timelines, the 49ers now have George Kittle, Brock Purdy and Fred Warner signed with nearly two May weeks remaining. This certainly differs from how the Kyle Shanahan–John Lynch regime has handled high-profile negotiations in the past.

The most notable of these extensions certainly went to Purdy, who is locked in before San Francisco’s OTA sessions. The seventh-round success story agreed to a five-year, $265MM deal that comes with $181MM guaranteed and $100MM guaranteed at signing. The contract also includes a favorable short-term cash structure and a no-trade clause, affirming the 49ers’ commitment to one of the modern NFL’s signature draft finds.

[RELATED: Warner Reclaims Spot As NFL’s Highest-Paid ILB]

After seeing talks with Trent Williams, Brandon Aiyuk and Nick Bosa approach Week 1 and previous negotiations with Kittle and Deebo Samuel run into training camp, the 49ers operated proactively with Purdy. The team made the first move, according to Sports Illustrated’s Albert Breer, bringing the QB’s camp to Santa Clara for a February meeting. At that point, 49ers brass informed their starting quarterback his contract would not break records. That would have been difficult to imagine, as Dak Prescott wielded extraordinary leverage to land his $60MM-per-year Cowboys extension (a number that currently tops the market by $5MM), but it is notable the team made that point to start negotiations.

We heard in late February negotiations had begun, but the sides were already on a second meeting (in Indianapolis) by that point, Breer adds Purdy’s camp countered by pushing for a deal with a strong guarantee structure and early-years cashflow. The player’s side also successfully changed San Francisco’s stance on a no-trade clause, with Breer indicating the 49ers had initially taken such an inclusion off the table during the winter start to these re-up talks.

The final outcome did not place Purdy in the top five for AAV at his position, with the deal settling at $53MM. That number trails Prescott, Josh Allen, Joe Burrow, Trevor Lawrence, Jordan Love and Tua Tagovailoa. It matched the Lions’ Jared Goff accord from May 2024, however, and the negotiating parties viewed that deal as a good comp. Purdy’s $165.05MM number through four years betters Goff’s figure, and Breer adds that count climbs to $220.3MM over five years. Though, it is worth noting Goff’s deal made him the NFL’s second-highest-paid passer at the time.

The rolling guarantee structure’s vesting dates have yet to be revealed, but Purdy will likely see base salaries — or sizable portions of his paragraph 5 money — lock in a year out. That will provide security for a player who received just $77K guaranteed at signing on his rookie contract. Purdy will have a nonguaranteed $50MM due in 2030.

Purdy, 25, effectively saved the 49ers after their historic Trey Lance misstep. Rather than potentially see Purdy’s price rise closer to the 2026 franchise tag deadline, the 49ers likely saved money and ensured QB stability by doing a deal now. This accord already led to some veterans — from Aaron Banks to Dre Greenlaw to Charvarius Ward to Talanoa Hufanga — leaving in free agency, and it will naturally raise the stakes for the 49ers’ drafts. But the team is back in the franchise-QB contract business.

Purdy signing a five-year extension also separates him from how Goff, Love and Tagovailoa proceeded last year; each signed four-year deals. Should Purdy keep building on his surprising rookie-contract success, the 49ers will be in position to have cost certainty — on a market that should be in for a host of extensions in 2026 and ’27 — for the decade’s remainder.

There’s been growing optimism that the 49ers would eventually sign Brock Purdy to a new deal. GM John Lynch all but confirmed that sentiment today.

[RELATED: 49ers, Brock Purdy “Actively Negotiating” New Contract]

When asked if Purdy could play the 2025 campaign on his expiring rookie contract, Lynch dismissed the notion and expressed belief that the two sides will “get the deal done” (via ESPN’s Nick Wagoner). In fact, the executive even hinted that a contract could be completed before the offseason program begins in a few weeks.

“I don’t think it’s too optimistic,” Lynch said (via Matt Barrows of The Athletic). “I understand why Brock wants that. We’d like that very much so. We’ve just got to find that right place for both sides. I would love nothing more for that to be the case.”

Since the 2024 campaign ended, both sides have publicly expressed interest in completing a long-term pact, and the organization’s money-cutting efforts have certainly signaled that a massive investment was coming. Lynch acknowledged as much when discussing the negotiations, but he also left the door open to Purdy playing out next season on an expiring contract.

“Brock wants to be with us,” Lynch said. “We want Brock to be with us. When that’s the case, these things typically get done. And does it happen this offseason? I don’t know. Hopefully, it happens real soon this offseason.”

Thanks to being Mr. Irrelevant during the 2022 draft, Purdy is owed only $5MM in 2025. A recent report indicated that the QB should easily surpass the $50MM AAV mark. There were even rumblings that Purdy could take a slight discount to help San Francisco’s front office, and the seemingly speedy negotiations signal that there isn’t a massive divide between the two sides.

The 49ers have continually made it clear that they intend to keep Brock Purdy around for the foreseeable future. Well, after extension negotiations reportedly started last month, it sounds like the two sides have made some progress.

[RELATED: 49ers Begin Extension Talks With Brock Purdy]

According to Jordan Schultz of FOX Sports, Purdy and the 49ers are “actively negotiating” a new deal. The hope is to finalize a contract before the start of the 2025 season.

The source did caution that an extension isn’t imminent, although they left the door open to the contract being finalized before next month’s draft. Either way, there’s a clear expectation that the two sides will cross the finish line over the next few months.

By now, we’re all familiar with Purdy’s story. The former Mr. Irrelevant guided his team to the NFC Championship Game as a rookie and the Super Bowl as a sophomore. While the 49ers’ 2024 campaign didn’t go as planned, Purdy has still established himself as a franchise quarterback…while also setting himself up for a lucrative pay day.

By virtue of his No. 262 slot on the draft board, Purdy has provided the 49ers with a massive discount over the past three years, with the QB earning $2.6MM over that span. Thanks to performance escalators, Purdy will see a significant jump to $5.2MM in 2025, although that’s still an obvious discount when compared to the rest of the market.

While it seems inevitable that Purdy will ink an extension with the 49ers, there’s still a question of how much that contract will be worth. Per Schultz, Purdy will have a difficult time matching Dak Prescott‘s $60MM AAV, but several sources believe he’ll still clock in at around $50MM to $55MM. A rival GM also suggested that Purdy could take a slight discount to continue helping his organization, although that same executive still believes he’ll approach the top of the market.

The 49ers front office hasn’t had the easiest time navigating recent extensions to star players. As Schultz notes, extensions for Nick Bosa and Brandon Aiyuk were completed right before the regular season, and deals for Trent Williams and Deebo Samuel also led to “drawn-out” processes. The organization will surely be looking to avoid the drama with their QB, and it sounds like there’s extra motivation to sign Purdy as soon as possible.