The team extended Garoppolo to a five-year contract worth $137.5 million. The news was first reported by NFL.com inside Mike Garafolo.
Under the current terms of the agreement, Garoppolo will now earn the highest annual salary in NFL history at $27.5 million per season, breaking the record set by Detroit Lions QB Matthew Stafford, who signed a similar extension worth $135 million over five years back in August.
It’s a bold move for the 49ers, but considering how well Garoppolo played in 2017, it may end up being well worth the money. The team acquired him in a trade deadline deal from the New England Patriots for a second-round draft pick. Once he began starting in week 13, Garoppolo caught fire, throwing for 1,542 passing yards and 6 touchdowns in a five-game stretch.
More importantly, the 49ers were undefeated during that span, a far cry from their 1-10 start to the season. While Garoppolo’s interception count of 5 during that time was high, it was an encouraging beginning to his time as a full-time starter.
At 26, Garoppolo is just entering his prime as a QB in the NFL. After spending three years as Tom Brady‘s understudy in New England, he obviously has the potential to explode into the elite tier of the league in the coming seasons.
It was a coup for head coach Kyle Shanahan and general manager John Lynch to get Garoppolo when they did. Now, with over $110 million in cap space and at least nine draft picks, they’ll have to do their part in adding talent around their young signal caller. One thing’s for sure: the 49ers could end up being one of the surprise teams in 2018.