Where Brock Purdy’s new contract places him among NFL’s highest-paid quarterbacks

After the San Francisco 49ers drafted Brock Purdy with the final pick of the 2022 NFL Draft, the quarterback signed a four-year contract worth $3.74 million, with a $77,012 signing bonus.

His second contract has a much bigger number on it.

Purdy and the 49ers put pen to paper on a massive five-year contract extension worth up to $265 million, with $181 million in total guarantees over the five years of the deal. In addition, $165.05 million is guaranteed over the first three years of the contract extension.

NFL Network insider Tom Pelissero was among the first reporters with news of the deal:

The contract puts Purdy in rarified air among NFL quarterbacks. In terms of total value, the $265 million ranks Purdy fifth among passers, behind only Patrick Mahomes, Josh Allen, Trevor Lawrence, and Joe Burrow. Mahomes’ big ten-year contract has a total value of $450 million, while Allen clocks in at $330 million for his recent deal, followed by $275 million for both Lawrence and Burrow.

This table from Over the Cap, sorted by total value, illustrates where Purdy’s deal will land:

In terms of average per year, Purdy’s contract puts him level with Jared Goff at $53 million per year, ranking him tied for seventh on the list of NFL quarterbacks. That puts Purdy behind Dak Prescott, Jordan Love, Burrow, Lawrence, Allen, and Tua Tagovailoa in this regard:

That also puts Purdy ahead of Lamar Jackson, Jalen Hurts, and yes, Mahomes in this category.

This is the nature of the business when it comes to quarterback contracts. The next QB up for an extension is going to sign a deal with a big number attached to it.

Who might that quarterback be? Well, C.J. Stroud is probably feeling pretty good heading into the weekend ...

But he will need to wait until next offseason to be eligible to sign a new deal.