San Francisco 49ers and Jimmy Garoppolo Agree to $137.5 Million Contract Extension

San Francisco’s current signal caller is now officially the team’s quarterback of the future as well.

On Thursday, the 49ers announced they reached an agreement for a five-year $137.5 million contract extension with Jimmy Garoppolo that runs through the end of the 2022 season.

Sources aware of the contract’s contents said the deal included $90 million that is guaranteed over the contract’s first three years, which makes it the largest total for a contract over a three-year period in NFL history.

The extension makes the 26-year old Garoppolo, the highest paid player in the NFL despite only having started seven games during his career.

The average annual value for the deal of $27.5 million is the largest in the history of the league, or $500,000 per season higher than that of the previous high set last year by Matthew Stafford the signal caller for the Detroit Lions.

The signing of Garoppolo is not a surprise, given the strong finish he had to the just completed 2017 regular season. He joined the 49ers when they were 1-10 and led them to victories in their last five games.

Following the season, general manager of the 49ers John Lynch was clear that the top priority of the franchise entering the offseason was to sign Garoppolo for the long term.

Lynch back on January 2 said the team wanted Jimmy to be a member of the Niners for a long time and that the team was eager to complete it.

Lynch and the 49ers did not publicly reveal much during their negotiations with the quarterback nor did his representative, Don Yee. Nevertheless, Lynch gave updates occasionally during the entire process, including at the Senior Bowl in January where he said the team was working hard at getting a deal completed.

During the negotiations, Garoppolo was not very forthcoming when asked about the ongoing talks but he did repeat on multiple occasions that he liked playing in San Francisco and the team had something good going on when the season ended.

Garoppolo was acquired by the team October 31 in a deal with the New England Patriots for a second round draft pick in 2018. Garoppolo, who did not start for the 49ers until December 3 versus Chicago, set a team record for passing yards over his first five starts as a 49er with 1,542, despite minimal time learning the offense of Kyle Shanahan.

The 49ers scheduled a news conference at Levi’s Stadium for Friday.

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