The 49ers have announced a new four-year contract for running back Christian McCaffrey, which will keep him with the team until 2027. The deal has a new-money average of $19 million per year, which is $3 million higher than his previous high-water mark.
The full details of the new contract include a signing bonus of $14.29 million and base salaries for each year, with additional roster bonuses and an offseason workout bonus. In 2024, McCaffrey will earn a base salary of $1.21 million along with a per-game roster bonus totaling $500,000. In 2025, he will have an option bonus of $14.245 million, with $8.5 million guaranteed at signing and due to be paid on April 1. His base salary in 2025 will be $1.255 million, with additional roster bonuses and an offseason workout bonus.
From 2026 to 2027, McCaffrey will have two option bonuses totaling $34.79 million ($10.55 million and $16.85 million). His base salaries during this time will be $1.3 million and $16.85 million respectively, along with per-game roster bonuses and an offseason workout bonus in each year.
This new contract guarantees McCaffrey a total of $62.79 million over the course of four years from the time of signing, with an average value of approximately $16 millon per year.
Previously, McCaffrey had no guaranteed money in his contract, making this new deal all the more valuable for him as he approaches his late twenties.
Overall, this new four-year contract is considered a great deal for both the 49ers and McCaffrey as it exceeds many expectations for high-end running backs in terms of guaranteed money and overall value over the course of the agreement’s duration
