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5 hours ago
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The 49ers have officially added another significant deal to their cap sheet.
After months upon months of speculation of when San Francisco would extend quarterback Brock Purdy, who had previously been on his rookie deal, the team finally crossed the finish line with Purdy on Friday, reportedly agreeing to a new five-year deal.
This offseason, the 49ers haven't been luxurious spenders despite having some cap room. Purdy's looming extension was a major reason for that, and now that it's complete, it will affect the 49ers financially for years to come.
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Here's an updated look at the 49ers' cap space after extending Purdy.
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Brock Purdy contract details
According to ESPN's Adam Schefter, Purdy and the 49ers agreed to a five-year, $265 million contract extension, which includes $181 million guaranteed.
He now becomes one of the top-10 highest-paid quarterbacks in the league.
MORE: Full list of the NFL's highest-paid quarterbacks
49ers cap space following Brock Purdy extension
The 49ers came into this week with plenty of cap space to work with. according to Over the Cap, San Francisco trailed only the Patriots in total cap room entering Friday, having around $43 million in total cap space. The team made some money-saving moves this offseason, including trading WR Deebo Samuel, letting LB Dre Greenlaw walk, and releasing DT Javon Hargrave.
Because Purdy's extension won't kick in until 2026, the 49ers' current cap room won't change, but his $53 million AAV will be a significant chunk of change for them to start planning on paying from 2026-30. The quarterback is still set to have a cap hit of just around $5.3 million in 2025.
When 2026 comes around, the 49ers will begin owning one of the league's highest-paid quarterbacks. Per Over the Cap, they were projected to have around $38.2 million in cap space in 2026 prior to Friday's deal, a number that will decrease with Purdy's growing salary. The team also extended tight end George Kittle this offseason on a four-year deal that takes him through the 2029 season.
As the 49ers have planned for Purdy's extension, they've been willing to cut back on significant deals elsewhere. Per ESPN, San Francisco is set to have a league-high $86,602,800 in dead cap once the post-June 1 designations for the releases of Hargrave and Maliek Collins become official. The team has been willing to eat more money now in order to save for the future when Purdy's extension will be a significant factor.
The 49ers have had the luxury of employing a young franchise quarterback who was making little money over the past few seasons, taking advantage of Purdy's Mr. Irrelevant contract. That will soon change, meaning San Francisco has already started planning on alternate team-building methods than it has been used to.
All of this is to say that as the 49ers officially commit to Purdy, his deal will change the philosophies they've become known for as significant free-agent spenders. Young players and cheap deals will become more critical for San Francisco now that its quarterback is one of the highest-paid in the NFL.
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