How much San Francisco 49ers’ QB is making in 2024 #CanadaFinance
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San Francisco 49ers quarterback Brock Purdy finished fourth in the NFL MVP voting for the 2023 season, but you wouldn’t know it based on his 2024 salary.
The 24-year-old entered the 2024 NFL season making peanuts compared to some of the other top signal-callers in the league.
Purdy will soon be set to cash in on his success. The 2022 NFL Draft’s Mr. Irrelevant can sign an extension with the 49ers during the 2025 offseason. At that point, he will likely become the league’s next $200 million man and one of its highest-paid quarterbacks.
Until then, Purdy will have to scrape by on a salary of under $1 million.
Here’s what to know about Purdy’s contract and how it compares to other quarterbacks across the NFL.
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Purdy signed a four-year rookie contract with the 49ers worth just under $3.74 million after being selected with the final pick of the 2022 NFL Draft. Below is a breakdown of the deal’s basics, per Spotrac.com.
Term: 4 years
Total value: $3,737,008
Average annual value (AAV): $934,252
Guaranteed money: $77,008
Purdy will not be paid a salary of more than $1 million until the final season of his rookie deal in 2025. Below is a year-by-year breakdown of the quarterback’s salary, per Spotrac.com.
2022: $705,000
2023: $870,000
2024: $985,000
2025: $1,100,000
Purdy will earn a $985,000 salary in 2024. His cap hit is slightly higher than that at $1,004,252 as a prorated portion of his signing bonus ($19,252) is accounted for during the 2024 season. The starting signal-caller is occupying just 0.39 percent of San Francisco’s available cap space, per Spotrac.com.
That makes Purdy a bargain, especially compared to what some of the NFL’s highest-paid quarterbacks are making.
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Several metrics can be used to measure the NFL’s highest-paid quarterbacks. AAV (average annual value), total guarantees, and total contract value are the most popular among them, with AAV showing the best estimate of a quarterback’s yearly value.
Purdy’s rankings in all three categories pale in comparison to the NFL’s top-10 quarterbacks, as seen below.
Purdy’s current contract pays him just $934,252 in AAV. Nine of the NFL’s 10 highest-paid quarterbacks make more than $50 million in AAV.
Dak Prescott, Dallas Cowboys: $60 million
Joe Burrow, Cincinnati Bengals: $55 million
Trevor Lawrence, Jacksonville Jaguars: $55 million
Jordan Love, Green Bay Packers: $55 million
Tua Tagovailoa, Miami Dolphins: $53.1 million
Jared Goff, Detroit Lions: $53 million
Justin Herbert, Los Angeles Chargers: $52.5 million
Lamar Jackson, Baltimore Ravens: $52 million
Jalen Hurts, Philadelphia Eagles: $51 million
Kyler Murray, Arizona Cardinals: $46.1 million
Purdy’s contract included $77,008 in guarantees. Five NFL quarterbacks were guaranteed at least $200 million as part of their lucrative, long-term extensions.
Dak Prescott, Dallas Cowboys: $231 million
Deshaun Watson, Cleveland Browns: $230 million
Joe Burrow, Cincinnati Bengals: $219.01 million
Justin Herbert, Los Angeles Chargers: $218.74 million
Trevor Lawrence, Jacksonville Jaguars: $200 million
Lamar Jackson, Baltimore Ravens: $185 million
Jalen Hurts, Philadelphia Eagles: $179.4 million
Jared Goff, Detroit Lions: $170.61 million
Tua Tagovailoa, Miami Dolphins: $167.17 million
Jordan Love, Green Bay Packers: $160.3 million
The full value of Purdy’s four-year contract with the 49ers is about $3.74 million. Patrick Mahomes’ deal is worth $450 million, greater than 120 times more than what Purdy is being paid.
Patrick Mahomes, Kansas City Chiefs: $450 million
Joe Burrow, Cincinnati Bengals: $275 million
Trevor Lawrence, Jacksonville Jaguars: $275 million
Justin Herbert, Los Angeles Chargers: $262.5 million
Lamar Jackson, Baltimore Ravens: $260 million
Josh Allen, Buffalo Bills: $258.04 million
Jalen Hurts, Philadelphia Eagles: $255 million
Dak Prescott, Dallas Cowboys: $240 million
Kyler Murray, Arizona Cardinals: $230.5 million
Deshaun Watson, Cleveland Browns: $230 million
So, while Purdy’s $3.74 million contract is nothing to sneeze at, it certainly pales in comparison to his other highly-rated peers.
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Just how cheap is Purdy’s contract? Only three quarterbacks on an NFL team’s 53-man roster are making less yearly than him, per OverTheCap.com.
Below is a look at the 10 lowest-paid active-roster quarterbacks based on the AAV of their contracts:
Tommy DeVito, New York Giants: $832,500
Sam Ehlinger, Indianapolis Colts: $902,676
Tyson Bagent, Chicago Bears: $906,667
Brock Purdy, San Francisco 49ers: $934,253
Skylar Thompson, Miami Dolphins: $935,552
Jake Browning, Cincinnati Bengals: $972,500
Desmond Ridder, Las Vegas Raiders: $985,000
Bailey Zappe, Cleveland Browns: $985,000
Sam Howell, Seattle Seahawks: $1,005,400
Tanner McKee, Philadelphia Eagles: $1,006,630
DeVito and Bagent were undrafted in 2023, which explains why they’re making less than Purdy.
Meanwhile, Ehlinger was selected in the sixth-round of the 2021 NFL Draft, one year before Purdy was a seventh-round pick in 2022. The average value of rookie contracts typically increases yearly, which explains why Purdy is making slightly more than his higher-drafted counterpart.
By any metric, Purdy is grossly underpaid. His top-five MVP finish in 2023 established him as one of the league’s best young quarterbacks, and he will likely be compensated as such as soon as he’s eligible.
Until then, the 49ers will continue to reap the rewards of one of the most team-friendly contracts in the league as they look to win their first Super Bowl since 1995.
This article originally appeared on USA TODAY: Brock Purdy contract: Why 49ers star is among league’s lowest-paid QBs
