49ers running back Christian McCaffrey had two years left on the contract he signed four years ago in Carolina. The 49ers have now ripped up the deal, replacing it with a new four-year contract.
The deal has a new-money average of $19 million per year, pushing the prior high-water mark at the position from $16 million.
Here are the full details, per a source with knowledge of its terms:
1. Signing bonus: $14.29 million.
2. 2024 base salary: $1.21 million.
3. 2024 per-game roster bonus: $500,000 total.
4. 2025 option bonus: $14.245, $8.5 million of which is fully guaranteed at signing and is due to be paid on April 1.
5. 2025 base salary: $1.255 million.
6. 2025 per-game roster bonus: $500,000 total.
7. 2025 offseason workout bonus: $200,000.
8. 2026 option bonus: $10.55 million.
7. 2026 base salary: $1.3 million.
8. 2026 per-game roster bonus: $500,000 total.
9. 2026 offseason workout bonus: $150,000.
10. 2027 base salary: $16.85 million.
11. 2027 per-game roster bonus: $500,000 total.
12. 2027 offseason workout bonus: $150,000.
In all, it’s a four-year, $62.2 million contract. The average from signing is $15.55 million.
He had $24.2 million left on his current contract. The $38 million in new money pushed the average to $19 million.
McCaffrey previously had no guarantees. He now has $24 million in full guarantees.
For a running back who turns 28 in three days, it’s a great deal — especially since it’s scraping $20 million when most high-end running backs are struggling to get into eight figures at all.
