After the Niners came up short in the NFC title game a year ago, it was widely anticipated that Jimmy Garoppolo had played his final game with in San Francisco.
Trey Lance, who the 49ers took with the third overall pick in the 2021 NFL Draft, was the heir apparent and San Francisco was ready to head in a different direction to hopefully liven up their offense some. However, no team ever met the Niners asking price for Garoppolo as he was the odd man out on the quarterback carousel this offseason after the Colts landed Matt Ryan and the Panthers traded for Baker Mayfield, and the result was some awkwardness in camp as Jimmy G sat off to the side awaiting a resolution.
That finally came on Monday when, to the surprise of many, the Niners struck a restructured deal with Garoppolo that drops his guarantee but offers some incentives for if he ends up under center again, making him, for now, one of the league’s highest paid backups.
The #49ers lowered Jimmy Garoppolo's base salary to $6.5M fully guaranteed while giving him a chance to make nearly $10M more in incentives if he's starting. A solid solution. https://t.co/la4T5rNpir
— Ian Rapoport (@RapSheet) August 29, 2022
Comp update: Jimmy Garoppolo’s one-year restructured deal is worth $6.5 million in base, fully guaranteed, per sources. He has another total of $500k in roster bonuses. He also has playtime bonuses that can boost it another nearly $9M. So, one year, $7M, up to just shy of $16M.
— Adam Schefter (@AdamSchefter) August 29, 2022
The deal gives San Francisco some flexibility with cap room for any additions they may want to make during the season, while also ensuring they have a (very) good backup should anything happen to Lance. It also gives them the most valuable quarterback to trade should someone get hurt during the season on a contender, which would make Garoppolo much more valuable than he was this offseason. Garoppolo would have to sign off on such a deal, as his new contract contains a no-trade clause, but if the chance to start on a playoff contender arises during the season, one would think he’d be happy to do so.
Jimmy Garoppolo and the 49ers agreed to a restructured one-year contract that will keep the QB in San Francisco this season, per sources. The contract contains no-trade and no-tag clauses, assuring Garoppolo will remain in SF this season and have the freedom to leave in 2023. pic.twitter.com/2tj0dDGgN9
— Adam Schefter (@AdamSchefter) August 29, 2022