The deal will be for five years and it will pay Garoppolo $137.5 million, which calculates out to $27.5 million per year.
On Thursday morning, Jimmy Garoppolo reportedly signed a 5-year deal with the 49ers, worth $137.5 million, which would be the most expensive deal in National Football League history.
If there was any team out there that dreamed of signing Kirk Cousins for around $26 million a season, they can forget it. Remarkably, he's undefeated as a starter, including a 5-0 stretch with the 49ers last season after the team started the year 1-10.
For now, let's take a look at a three-round mock draft that could impact the 49ers in 2018 and beyond, and how they can surround Jimmy Garoppolo with the best team possible. It's not out of the question that Garoppolo's deal will be surpassed multiple times before this offseason comes to a close.
FREE AGENCY: The 49ers will be able to spend big in free agency if they choose thanks to more than $110 million projected in salary cap room.
BREAKTHROUGH SEASON: The most impressive free-agent addition last year for the Niners was receiver Marquise Goodwin, who exceeded his four-year output in Buffalo in just one season in San Francisco. Another similarity: In 2008, the Packers made Rodgers the NFL's fourth-highest paid QB (by annual salary) after he'd made just seven starts.
As does Garoppolo, who said January 1: "Having time to digest the offense this offseason will really help". Still, Lynch offered periodic updates throughout the process, including at January's Senior Bowl where he said the Niners were "working hard" to get a deal done and that a deal made "too much sense not to happen". "That will make things a little slower for me and help me out".