November 21, 2024
How much San Francisco 49ers’ QB is making in 2024 #CanadaFinance

How much San Francisco 49ers’ QB is making in 2024 #CanadaFinance

CashNews.co

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.

  1. Dak Prescott, Dallas Cowboys: $60 million

  2. Joe Burrow, Cincinnati Bengals: $55 million

  3. Trevor Lawrence, Jacksonville Jaguars: $55 million

  4. Jordan Love, Green Bay Packers: $55 million

  5. Tua Tagovailoa, Miami Dolphins: $53.1 million

  6. Jared Goff, Detroit Lions: $53 million

  7. Justin Herbert, Los Angeles Chargers: $52.5 million

  8. Lamar Jackson, Baltimore Ravens: $52 million

  9. Jalen Hurts, Philadelphia Eagles: $51 million

  10. Kyler Murray, Arizona Cardinals: $46.1 million

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