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The wait is over — and it certainly wasn’t a long one.
More than two months before the start of training camp and even ahead of next week’s OTAs (organized team activities), the 49ers and their star young quarterback Brock Purdy have agreed to terms on a five-year contract worth up to $265 million. The 25-year-old Purdy, who’d already been under contract through 2025, will now have a deal that runs through the 2030 season — when he’ll be 30 years old.
Both sides appear to have struck a favorable deal, as — according to a source familiar with the matter — the 49ers and Purdy managed to keep his 2025 salary-cap hit at about $8.5 million.
That was the biggest key to track in this process. The 49ers must preserve as much short-term cap space as possible. With the limit rising along with league revenues — and since unused space carries over from year to year — room is more valuable now than it will be in the future. Purdy’s willingness to be flexible with Year 1 pay allows the 49ers to execute the cap gymnastics necessary to carry a big load of cap space into the future. That’s essential so that the team can build a strong team around its newly minted franchise QB.