San Francisco 49ers News & Rumors

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.