49ers' Brock Purdy gets $280 million contract update after George Kittle deal
Brock Purdy is expected to receive a significant contract extension from the San Francisco 49ers, valued at $280 million, following the team's agreement with George Kittle. Pro Football Talk's Mike Florio details that the deal could have an annual average value of $55.1 million, positioning Purdy's earnings just behind Dak Prescott and Josh Allen. However, the guaranteed money at signing is projected to be lower, at $46.8 million, with the possibility of higher salaries in the final years, effectively making it a four-year deal worth $160.846 million. This contract structure is seen as beneficial for both Purdy, who stands to earn substantial amounts if he performs well, and the 49ers, who secure their franchise quarterback for continued competitiveness. Although the exact figures may vary, a deal is anticipated to be finalized soon, with the NFL community eagerly awaiting the final details.
Brock Purdy's upcoming contract with the San Francisco 49ers is projected to be worth $280 million, following their recent deal with George Kittle. Pro Football Talk's Mike Florio outlines that this contract is anticipated to have a five-year duration.
The contract's annual average value is estimated at $55.1 million, placing Purdy's earnings just below those of quarterbacks Dak Prescott and Josh Allen. This reflects a significant financial commitment by the 49ers to their quarterback.
Despite the high overall value, the guaranteed average at signing is expected to be $46.8 million, which is considerably lower than the annual average value. This indicates a strategic structuring of the contract's financial terms.
The deal's structure includes the potential for higher salaries in the final years, possibly reaching $60 million in 2029 and 2030, effectively transforming it into a four-year, $160.846 million agreement. This could enhance Purdy's earnings if he remains with the team and performs well.
This contract is seen as mutually beneficial, providing Purdy with substantial financial rewards while allowing the 49ers to retain their key player and maintain their competitive edge in the league. The anticipation of the final contract details highlights its importance in the NFL landscape.
Brock Purdy's contract is up next.
The San Francisco 49ers agreed to their deal with George Kittle, and now it's the quarterback's turn.
Pro Football Talk's Mike Florio recently broke down exactly what the contract structure could look like.
All told, he writes that the deal's overall value would come out to $280 million.
In Florio's estimation, Purdy ends up with a $55.1 million annual average value, behind just Dak Prescott and Josh Allen.
The extension will last for five years, by Florio's estimation.
MORE: Shedeur Sanders acting 'non-traditionally' played a role in draft slide
But the way Florio structures the guarantees in the deal actually lowers the average value of guaranteed money.
"The (guaranteed) average at signing would be $46.8 million," Florio writes. "Which is a far cry from $55.1 million. And, if the final year or two contains higher salaries (let's go with $60 million in 2029 and 2030), it would really be a four-year, $160.846 million deal. Which equates to an average payout from signing of $40.2 million per year."
That could be a win-win for both sides. Purdy gets a lot of money, especially if he plays well enough to last to the final years of his deal.
The 49ers keep their franchise QB and can continue to contend.
Whether the contract looks exactly like this or not, a deal is almost certainly getting done sooner rather than later. The NFL world just awaits the dollar figure attached.
MORE NFL NEWS:
- Dolphins' Quinn Ewers breaks silence on draft slide
- Chiefs add Patrick Mahomes' brother in signing
- Lions get concerning Aidan Hutchinson injury update
- Buccaneers' 464-pound Desmond Watson reveals shocking new weight
- Cowboys QB ripped for bad habits by NFL insider
- Steelers, Shedeur Sanders predicted for savage fate