Albert Breer goes into depth about Brock Purdy’s extension:
“Going into the 2024 season, and coming off Super Bowl LXIII, agent Kyle Strongin asked Purdy if he wanted to discuss his priorities for the life-changing second contract he’d be eligible for in 2025. The 49ers quarterback said he’d rather lock in on football and cross that bridge after the year.
Things didn’t exactly go to plan thereafter. While the Niners finished fourth in total offense and Purdy was seventh in QBR, the team collapsed under a rash of injuries and finished the second half of the season 2–6. A cap purge followed. But the team’s plan at quarterback didn’t relent.
Strongin told Purdy before the combine to be prepared to get a deal done on the first day of training camp. Part of that is just how these things go, and part was probably what the Niners went through the past few summers with Deebo Samuel, Nick Bosa and Brandon Aiyuk. John Lynch said early on he wanted to avoid that with Purdy, after the sides had their initial meeting in February, that seemed to be the course set.
Yet, here we are now, with a deal, two months ahead of schedule.
That isn’t to say this all happened in a straight line. The Niners made the first move, asking Purdy’s side to make the trip to Santa Clara for an initial negotiating session. The second meeting happened over dinner at the combine at Indianapolis’s iconic St. Elmo Steak House, where a few things were established.
In the first meeting, the Niners got their point across that they weren’t going to break records with the contract. At the second meeting, in Indy, it was established that Purdy’s side wasn’t going to do a deal that didn’t have strong cashflow, structure and guarantees, things that would affirm that he was San Francisco’s guy for the foreseeable future.
The result? There was a lot of work to do.
The following breaking point came with the start of the offseason program. The Niners have been through the game of players in contract disputes skipping the spring before. In this case, with it being a quarterback, and to avoid that, that particular checkpoint in the calendar pushed movement, with Strongin and San Francisco cap chiefs Paraag Marathe and Brian Hampton, who actually worked together in 2008 and ’09 when Strongin was a scouting assistant, finding compromises.
As such, Purdy, who didn’t want things to get ugly, reported for the offseason program. That brought the unspoken acknowledgement that talks had gotten serious, with Hampton and Strongin working together to get there, and there was a deal to be executed.
At the end of last week, Strongin called Hampton looking for one last concession, promising a deal if Purdy got it. Hampton called Marathe, John Lynch and Kyle Shanahan, who were on a golf trip, and the five-year, $265M deal was pushed over the goal line. The deal didn’t break records on the Niners’ side of the line. On Purdy’s side, it did, more or less, commit the Niners to the foreseeable future.”
Key points:
• The contract has $165.05M in new money over the first 3 new years, which edged out a metric Jared Goff’s deal last year. That means he’ll get $170.14M over the first 4 years of the deal. Goff’s deal was an important comparison because both sides saw it as one that didn’t break records, but did well by the player in many different ways
• He gets $215M in new money over the first 4 new years, which means he’ll make $220.3M over the first 5 years of the deal
• That leaves $50M in 2030, the final year of the 6-year, $270.346M deal, which tells you this isn’t a heavily back-loaded deal with a bloated number at the end to make it look prettier—something Purdy’s camp wanted to avoid. By comparison, he’ll make $55.05M in '28 and $49.95M in '29
• Purdy gets 62% of his money in the first 3 years, which tops the cashflow in most of the richer quarterback contracts done
• Purdy got a no-trade clause, which was off the table initially, and a first for the 49ers
via:
@AlbertBreer