In an 11th-hour twist, the 49ers and Jimmy Garoppolo are planning to continue their partnership. The parties agreed to a restructured contract that is expected to keep the two-time NFC championship game starter in San Francisco, Adam Schefter of ESPN.com tweets.
This one-year deal includes a no-trade clause and a no-franchise tag clause, Schefter adds. Garoppolo will remain a 2023 free agent. This adjusted deal will be worth $6.5MM in base salary, per Schefter, who adds playing-time bonuses could add another $9MM to the accord (Twitter link).
Monday’s compromise will both provide the 49ers with Trey Lance insurance and ensure Garoppolo collects a decent 2022 sum. While this is nowhere close to the $24.2MM base salary his 2018 extension was set to pay him, that was never in the cards for the 49ers. A Garoppolo release may well have led to a payment shy of this $6.5MM salary as well. This new contract also includes $500K in roster bonuses. In total, Garoppolo could collect nearly $16MM in 2022. The path toward cashing in all those incentives is likely tied to Lance.
For the 49ers’ payroll, Garoppolo will now come in well below the $26.95MM cap figure to which he was previously tethered. The ninth-year quarterback is now expected to count around $8.5MM on San Francisco’s cap sheet, Tom Pelissero of NFL.com tweets. This is an interesting solution for the 49ers, who have moved up beyond $20MM in cap space after entering Monday ranking 32nd in available funds.
Garoppolo’s base salary would have become guaranteed just before the 49ers’ Week 1 game. The 49ers were never going to allow that guarantee to vest, but they had tried to trade their four-plus-year starter throughout the offseason. Garoppolo was most closely linked to the Seahawks (in the event of a 49ers release) and Browns as a Deshaun Watson stopgap. Cleveland is sticking with Jacoby Brissett, while Seattle’s Geno Smith path is for real now.
Garoppolo, 30, has been throwing for weeks now. The fifth-year 49ers passer underwent shoulder surgery in March, sidetracking his trade market, but is believed to have recovered. He can now resume practicing with his teammates. How this affects Lance, whom the 49ers have repeatedly endorsed as their 2022 starter, will be fascinating.
Although the 49ers traded two future first-round picks to move up for the North Dakota State prospect last year, Lance has thrown fewer than 400 passes in games since his senior year of high school. After dominating…