Jimmy Garoppolo and the 49ers stunned the NFL world Monday afternoon by agreeing to a new contract that would give the veteran quarterback a hefty pay cut.
However, details reported shortly after the news broke revealed that there was uncertainty as to whether Garoppolo would ultimately stay or leave, and that the deal included a reward for playing and a very lax embargo clause. I am drawing
ESPN’s Adam Schefter, who first broke news of the deal, also reported Monday that the 49ers and Garoppolo have been working together since last week to keep him on the team.
Under a new one-year deal, Garoppolo will remain in San Francisco until the 2022 season. According to Albert Breer, the deal includes a fully guaranteed base salary of $6.5 million, with playing time incentives included in the deal totaling $8.45 million and a $500,000 per-game roster bonus.
In total, Garoppolo managed to earn up to $15.45 million. That’s a far cry from his $24.2 million base salary he was due in 2022 under his old contract. Nonetheless, it still has the potential to be a hefty payout for a player returning as Trey Lance’s supposed backup.
That amount is under the best-case scenario for Garoppolo, who somehow ends up starting on the team.
All in all, Garoppolo’s salary cut provides the 49ers with almost $20 million in immediate cap space, according to Over the Cap.
An interesting ending to the story of the summer when San Francisco tried and failed to trade its former starter, but is it really the end?
According to Shefter Non-Trade Clauses Included in Garoppolo Contracts That means if a team wants to trade him, they just need to include the quarterback in the discussion and get both him and the 49ers to agree.
In short, the new deal allowed the team to find potential suitors until the October trade deadline.
By that time, NFL teams may be in far more trouble than they are now. By working with Garoppolo on a pay cut rather than firing him, the 49ers now have a chance to receive something instead of nothing at all.
But even if Garoppolo isn’t traded this season, the 49ers still stand to benefit. If he signs elsewhere as a free agent in March after spending the 2022 season on the San Francisco roster, the 49ers could be a compensatory pick in the 2024 NFL Draft, but he’s likely to be a compensatory pick in free agency. Only if the net loss exceeds the net profit.
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Yes, Monday’s announcement shocked many 49ers Faithful. Especially given the whirlwind of Garoppolo rumors that have haunted fans since the 2021 season ended.
But at the end of the day, the 49ers are saving money and having arguably the best backup quarterback in the league on their roster, which could benefit them as they move forward.
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