The 49ers have signed quarterback Jimmy Garoppolo to a new five-year contract, the team announced Thursday. According to multiple reports, the deal will give him the highest annual salary in the history of the NFL. Raj Mathai of NBC Bay Area first reported the news.
NFL Network’s Mike Garafolo reports the deal will be worth $137.5 million. That’s slightly more money than Matthew Stafford got on his five-year deal ($135 million) signed in August. Andrew Luck’s contract signed in 2016 was worth more that Garappolo’s ($140 million) but was spread out over six years.
The Niners acquired Garoppolo from the Patriots in exchange for a second-round pick in October. Without the benefit of training camp, Garoppolo came in and learned the offense well enough to win all five games he started for San Francisco. He completed 67.4% of his passes for 1,560 yards with seven touchdowns and five interceptions.