Purdy has not yet signed the contract, but that’s lined up to happen early next week. Once that’s finalized, the 49ers and Purdy are expected to hold a press conference to help detail how this all materialized so quickly.
Full contract details should become available around that time. Those will allow us to piece together the rest of the puzzle, but initial fact-finding has already identified most nuts and bolts of this deal. Those, highlighted by a flexible structure that’s allowed the 49ers to keep Purdy’s 2025 cap hit down at just about $8.5 million, are detailed here.
The initial numbers have already produced some fun nuggets.
Here’s one: Over the first three years of his career, Purdy made $2.64 million total — or about $73,000 per regular season start. Now, (even if it’s unlikely) let’s assume that Purdy will start all 17 games over the five new years of this big contract, which is worth up to $265 million. In that scenario, he’d earn $3.1 million per start.
That’s a 4,147% pay raise, the largest in NFL history. Purdy, the very last pick in the 2022 NFL Draft, is now the highest-paid player from that year’s draft class.
It’s safe to say that Purdy’s status as pick No. 262, which had been tethered to his small rookie deal, is now officially irrelevant.