The San Francisco 49ers have agreed to renegotiate the contract of running back Christian McCaffrey, who had two years remaining on his previous deal with the Carolina Panthers. This new four-year agreement will see McCaffrey earn an average of $19 million per year, surpassing the previous high-water mark for the position of $16 million.
According to sources close to the negotiations, the details of the contract include a signing bonus of $14.29 million, a base salary of $1.21 million in 2024, a per-game roster bonus of $500,000 in 2024, and an option bonus of $14.245 million for 2025. Additionally, there is a base salary of $1.255 million for 2025 and additional bonuses such as per-game roster bonuses and offseason workout bonuses.
The total value of this contract is estimated at $62.2 million with an average annual payment of $15.55 million from signing date. This new deal includes guarantees worth over $24 million which represents a significant improvement over McCaffrey’s previous contract that had no guarantees at all. The renegotiation comes at an important time for McCaffrey who will turn 28 soon and will now earn close to $20 million, making him one of the highest paid running backs in league history.
McCaffrey has been one of the most dynamic players in the league since joining San Francisco in 2018 and has established himself as a game-changer on both offense and defense. With his quickness, agility, and versatility on the field, he has quickly become one of the most sought-after players in free agency and was expected to be highly sought after by teams looking for a top-tier running back.
The new deal is expected to boost McCaffrey’s earning potential significantly and set him up for financial stability well into his future career in football. It remains to be seen what impact this move will have on other teams seeking his services but it’s clear that McCaffrey is now among the highest paid players in his position in terms of guaranteed money alone.
Overall, this renegotiation marks another major step forward for McCaffrey’s career both financially and professionally as he looks set to continue dominating on the field while earning millions each year through his contracts with San Francisco 49ers
