Brock Purdy contract: Projecting 49ers QB’s next deal after Mr. Irrelevant bargain breakout

The 49ers have the best starting quarterback value in the NFL in Brock Purdy. The No. 262 overall seventh-round pick from the 2022 draft has gone from a “Mr. Irrelevant” developmental flier to executing at a high level in San Francisco’s elite offense.

For now, the 49ers are reaping the benefits of a bargain-basement rookie contract, but after next season, they will need to think about extending Purdy with a deal that is more in line with his worth near the top of QB market.

Here’s looking at how much Purdy is making now to get an idea of his future second contract, no doubt with a massive raise:

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Brock Purdy contract history

The 49ers didn’t risk trying to sign Purdy as an undrafted free agent with some competition. They showed some faith in his potential by signing him to a four-year, $3,737,008 million contract. He received only $77,008 million guaranteed in the form of his signing bonus, also broken down into $19,252 million per season.

Purdy’s current average annual salary works out to be $934,252. In 2022, his rookie season, he made $724,252 in base salary. That went up to $870,000 for ’23, and it will rise to $985,000 for ’24.

Purdy is set to finally make more than a million in base salary for a season, as he’s due $1.1 million in the final year of his contract in ’25. Because the 49ers can extend him as early as a year from now, he probably will earn much more than that for the ’25 regular season.

Those base salary numbers above don’t include the standard individual bonuses for team playoff success, including getting to two consecutive conference championship games. There’s more in store for Purdy for 2023-’24 with his Pro Bowl nod and Super Bowl shot, and he has a chance to maximize that money should the NFC and 49ers win those respective games.

Purdy’s play also has merited some NFL-based performance bonuses, and his earning power is further boosted off the field as the fresh face of the 49ers franchise. Should Purdy keep performing well as the 49ers’ starter next season, he can expect a big bump through a lucrative extension, with all that extra money he’s getting now becoming a relative pittance.

Brock Purdy contract projection

When Purdy becomes eligible for an extension early in 2025, the QB market may not see much change. The next high first-rounder due for a second contract is the Jaguars’ Trevor Lawrence, taken No. 1 overall in the 2021 draft. From the same class, Zach Wilson, former 49er Trey Lance, and Mac Jones won’t be getting big money, and it’s also unlikely Justin Fields will break the bank.

Lawrence needs to rebound from what was a down season after the flashing promise he showed in 2022. With an elite breakout, Lawrence would have a shot at besting an average annual salary of $55 million, or what 2020 No. 1 overall pick Joe Burrow got from the Bengals.

Burrow, the Chargers’ Justin Herbert ($52.5 million), the Ravens’ Lamar Jackson $52 million), and the Eagles’ Jalen Hurts ($51 million) all combined to reset the market in 2023. After Hurts and Jackson agreed on their new deals in April and Herbert in July, the framework for Burrow’s record-setting contract was set. That was a no-brainer for Cincinnati, a season removed from a Super Bowl appearance. But consider Herbert also got paid despite a drop in performance in ’22, meaning Lawrence should be in line to be at least the next $50 million man.

In the 2022 class ahead of Purdy, the Steelers’ Kenny Pickett was the only first-rounder, and his future already looks shaky. Combining that with some uncertainty over Lawrence’s value, Purdy does have a chance to get paid at a higher all-around rate than Burrow.

One can safely assume Purdy’s value is up to around $40 million per season as it stands. That number would put him in the top 12, tied with Matthew Stafford, Dak Prescott, and Daniel Jones.

Also, consider Purdy was at the top of the NFL MVP conversation until late this season. If he gets to the Super Bowl in his second season as a starter, he will likely match Burrow and Patrick Mahomes. Should he lead the 49ers to a ring, he also can have an MVP-caliber follow-up, much like Burrow did in 2022.

Should Purdy come through like that, then the 49ers will see Purdy’s number go up past $50 million per season, and he could also be positioned to get $56 million per season, making him the new highest-paid QB in the league.

There will be a question as to whether the 49ers want to pay Purdy that much or instead try to find a new cheap QB for coach Kyle Shanahan’s system. The 49ers did make Jimmy Garoppolo the highest-paid QB in annual salary in 2018 at $27.5 million (five years, $137.5 million) after trading for him in the middle of the 2017 season.

When it’s Purdy’s turn for a new contract in 2025, seven years later, five years for $280 million is reasonable, with at least 70 percent of it ($196 million) guaranteed. The bottom line is, Purdy is in full control of whether he can go from 93rd in average QB salary all the way to No. 1 in a little more than a year.

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