NFL insider Jason La Canfora reported on Tuesday that the San Francisco 49ers‘ initial contract extension offer to quarterback Brock Purdy was approximately $45 million per year. Those number are far below what many expect the two sides to eventually agree upon.
While negotiations are still in their early stages, both Purdy and the 49ers are motivated to reach a deal quickly. The franchise is eager to avoid the contract disputes that have affected key players in recent years. In 2023, defensive end Nick Bosa’s contract talks extended until just before the season opener. Last year, wide receiver Brandon Aiyuk’s deal was finalized only shortly before Week 1. As the team’s starting quarterback, Purdy missing offseason practices could hinder the team’s efforts to improve following a disappointing 6-11 season.
When asked in January whether he would consider holding out during contract talks, Purdy remained uncertain.
“I’m not really sure, as of now,” Purdy said. “But like I said before, I want to get back to work as soon as I can with the guys, so hopefully, something would get done sooner rather than later.”
Brock Purdy Contract Negotiations Could Take Time
Despite Brock Purdy’s desire for a quick resolution, ESPN’s Adam Schefter believes the process may take longer than expected.
“That’s [the contract negotiations] going to take a while to get done,” Schefter stated on his podcast this week. “It’s not a simple solution.”
Schefter pointed out that Purdy remains under contract for the upcoming season. During which, he is set to earn approximately $5 million. The 49ers also have the ability to use the franchise tag on Purdy in both 2026 and 2027. Doing so would effectively keep him under team control for three more years.
According to Schefter, those two franchise-tagged seasons could amount to roughly $92 million. If tagged, Purdy’s total earnings over the next three years would reach an estimated $97 million.
“So that would be essentially $97 million over the next three years, which is great, but by quarterback standards, it’s not great,” Schefter explained. “And so Brock Purdy probably—or at least his agent probably—would be disappointed to have to play for $97 million over the next three years.”
Financial Hurdles for the 49ers
The San Francisco 49ers want to secure Brock Purdy long-term. However, their financial flexibility is constrained due to large contracts already on the books. Schefter emphasized that while the team is eager to lock in their starting quarterback, negotiations will be complex.
“The Niners have his rights, so they’re going to try to get a deal done. But the deal is not going to be where Brock Purdy is a free agent, and he’s on the open market because he’s not,” Schefter noted. “So this, again, is complicated. It’s a nuanced deal to get done. And it’s going to take some time, I believe, for both sides to work through to see if they can get a deal done this offseason, which isn’t a lock.”
As discussions continue, the 49ers must navigate a challenging financial landscape while ensuring their franchise quarterback remains under contract for the long haul.
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