Christian McCaffrey Resets Running Back Market With Lucrative Contract, per Report

Patrick Andres | Jun 4, 2024

Feb 11, 2024; Paradise, Nevada, USA; San Francisco 49ers running back Christian McCaffrey (23) scores a touchdown in the first half of Super Bowl LVIII at Allegiant Stadium. / Mark J. Rebilas-USA TODAY Sports

One of the richest running backs in the history of football appears set to get even richer.

San Francisco 49ers running back Christian McCaffrey has agreed to a two-year, $38 million extension, according to a Tuesday afternoon report from ESPN's Adam Schefter.

McCaffrey, who will turn 28 on Friday, is coming off the most statistically impressive season of his decorated career. His first full season with the 49ers saw him rush for 1,459 yards—tops in the league—while scoring 14 touchdowns and winning the AP's Offensive Player of the Year award.

The Stanford product was scheduled to make $11.8 million in 2024 and $12 million in 2025—numbers seemingly set to nearly double.

Reigning Offensive Player of the Year Christian McCaffrey once again has reset the RB market, signing a two-year extension with the 49ers, averaging $19 million per year, per sources.

McCaffrey will receive an additional $8 million over what he was scheduled to make in the first… pic.twitter.com/1AythHhGL3

— Adam Schefter (@AdamSchefter) June 4, 2024

Per Schefter, McCaffrey's new deal also adds $24 million in guarantees.

Led by its bell cow, San Francisco went 12-5 a year ago and won the NFC title. The 49ers are scheduled to open their '24 campaign on Sept. 9 against the New York Jets.