The 49ers are slated to hand out a hefty deal to their franchise quarterback this offseason.
The San Francisco 49ers have a number of priorities to handle this offseason as they look to return to contention following a disappointing 2024 season. But, none may be more prevalent than a contract extension for franchise quarterback Brock Purdy.
Purdy, a seventh-round pick in the 2022 NFL Draft, just wrapped up his third NFL season, but has just one year left on his deal, which is why the 49ers will likely look to get an extension done this offseason, especially with the rising quarterback market.
Purdy’s resume is different from that of many other quarterbacks in the NFL, as he’s had two full years of starting experience, with his 2024 season being hampered by a number of injuries to his skill position players.
Nonetheless, the 49ers have seen enough to be ready for a major extension that would tie the quarterback to the franchise for the foreseeable future.
At the moment, 13 quarterbacks have received contracts worth over $200 million. Five of those contracts were handed out last offseason: Jared Goff, Tua Tagovailoa, Jordan Love, Dak Prescott, and Trevor Lawrence. A sixth, Kirk Cousins, earned a four-year, $180 million deal.
So, with the market continuing to rise, will Purdy get over $200 million on his next contract?
ESPN’s Dan Graziano predicted some of the biggest contracts that could be handed out this offseason, with Purdy’s being the highest of the 10 projections.
But, while he expects the quarterback to command a high salary, the NFL analyst had Purdy’s next contract fall just short of the $200 million mark, coming in at four years for $196 million with $112 million guaranteed.
“Purdy’s original salary for 2025 was a little over $1 million as part of the four-year rookie contract he signed after being the last pick of the 2022 draft. But proven performance escalators based on how much and how well he has played since becoming the 49ers’ starter in 2023 have inflated it to a little over $5 million,” Graziano wrote. (The official actual amount has yet to be determined and will be once the 2025 salary cap is set.)
“The 49ers do not hold a fifth-year option on Purdy because he was not a first-round pick. So if he played out the 2025 season, he’d be either an unrestricted free agent or (much more likely) a franchise tag recipient in 2026. Purdy has led the 49ers to two NFC Championship Games and one Super Bowl appearance as the top bargain of the past three seasons in the entire league. Surely both sides agree that the time has come for a significant raise.
“The threat of the franchise tag certainly gives the 49ers some leverage, and if Purdy is not determined to play hardball and max out his contract in the upper-$50-million-per-year range, there’s a deal to be made here. Some of the people I talked to expect that the framework would likely build out from the contract Daniel Jones signed with the Giants two years ago (four years, $160 million with $81 million guaranteed). But it would obviously be adjusted upward for inflation and based on superior performance.”
While Purdy falls short of the $200 million number in total money, his average annual value of $49 million would be 10th in the NFL, coming in ahead of Kyler Murray, Deshaun Watson, Patrick Mahomes, and Josh Allen. All four of those quarterbacks received deals exceeding $200 million, but that came on five-year deals, whereas Purdy’s projection here is a four-year deal.
Additionally, Purdy’s $112 million in guaranteed money would rank eighth in the NFL behind Deshaun Watson ($230 million), Joe Burrow ($146.5 million), Trevor Lawrence ($142 million), Lamar Jackson ($135 million), Justin Herbert ($133.7 million), Dak Prescott ($129 million), and Jared Goff ($113.6 million).
We’ll see if the 49ers push for a four or five-year deal with Purdy and how the quarterback’s camp counters. But, San Francisco seems to be set for another tough negotiation, with the hopes of getting this deal done by the time the offseason program begins.