The 49ers have continually made it clear that they intend to keep Brock Purdy around for the foreseeable future. Well, after extension negotiations reportedly started last month, it sounds like the two sides have made some progress.
According to Jordan Schultz of Fox Sports, Purdy and the 49ers are “actively negotiating” a new deal. The hope is to finalize a contract before the start of the 2025 season.
The source did caution that an extension isn’t imminent, but they left the door open to the contract being finalized before next month’s draft. Either way, there’s a clear expectation that the two sides will cross the finish line over the next few months.
By now, we’re all familiar with Purdy’s story. The former Mr. Irrelevant guided his team to the NFC Championship Game as a rookie and the Super Bowl as a sophomore. While the 49ers’ 2024 campaign didn’t go as planned, Purdy has still established himself as a franchise quarterback while also setting himself up for a lucrative pay day.
By virtue of his No. 262 slot on the draft board, Purdy has provided the 49ers with a massive discount over the past three years, with the QB earning $2.6M over that span. Thanks to performance escalators, Purdy will see a significant jump to $5.2M in 2025, but that’s still an obvious discount when compared to the rest of the market.
While it seems inevitable that Purdy will ink an extension with the 49ers, there’s still a question of how much that contract will be worth. Per Schultz, Purdy will have a difficult time matching Dak Prescott’s $60M AAV, but several sources believe he’ll still clock in at around $50M to $55M. A rival GM also suggested that Purdy could take a slight discount to continue helping his organization, but that same executive still believes he’ll approach the top of the market.
The 49ers front office hasn’t had the easiest time navigating recent extensions to star players. As Schultz notes, extensions for Nick Bosa and Brandon Aiyuk were completed right before the regular season, and deals for Trent Williams and Deebo Samuel also led to “drawn-out” processes. The Niners will surely be looking to avoid the drama with their QB, and it sounds like there’s extra motivation to sign Purdy as soon as possible.