According to ESPN's Adam Schefter, the San Francisco 49ers have agreed to a one-year contract restructure that will keep Jimmy Garoppolo with the team this season. San Francisco had been trying to trade Garoppolo but was unable to find a suitor. The new deal includes no-trade and no-tag clauses, which means the quarterback is set to remain on the roster through 2022 before hitting free agency next offseason. Of course, a trade could still take place should Garoppolo approve the move and waive the no-trade clause. He controls his immediate future, and the 49ers create salary-cap space.
Jimmy Garoppolo and the 49ers agreed to a restructured one-year contract that will keep the QB in San Francisco this season, per sources. The contract contains no-trade and no-tag clauses, assuring Garoppolo will remain in SF this season and have the freedom to leave in 2023. pic.twitter.com/2tj0dDGgN9
— Adam Schefter (@AdamSchefter) August 29, 2022
With Trey Lance set to be the starter for the upcoming season, it would seem that Garoppolo will be his former protégé's backup. It also provides the 49ers with a very experienced quarterback should an injury occur or should Lance falter.
The restructured deal is worth $6.5 million in base salary, which is fully guaranteed. In addition, Garoppolo has another $500,000 in roster bonuses, plus play-time bonuses that can increase it another nearly $9 million for a maximum contract value of almost $16 million.
Comp update: Jimmy Garoppolo's one-year restructured deal is worth $6.5 million in base, fully guaranteed, per sources. He has another total of $500k in roster bonuses. He also has playtime bonuses that can boost it another nearly $9M. So, one year, $7M, up to just shy of $16M.
— Adam Schefter (@AdamSchefter) August 29, 2022
Early in the offseason, the list of quarterback-needy teams quickly diminished after Aaron Rodgers remained with the Green Bay Packers and the Seattle Seahawks traded Russell Wilson to the Denver Broncos. Those were the first two offseason quarterback dominos to fall and the situations with which many teams awaited a resolution. Later, other quarterback moves took place, including Carson Wentz to the Washington Commanders and Baker Mayfield to the Carolina Panthers.
The Houston Texans traded Deshaun Watson to the Cleveland Browns. However, the talented quarterback's legal troubles landed him an 11-game suspension. The Texans insisted they are content with starting Davis Mills, while the Browns have given the impression that they have confidence in Jacoby Brissett filling in during Watson's suspension.
Injuries have been a concern throughout Garoppolo's NFL career. He started the 2016 season in place of a suspended Tom Brady. That ended when Garoppolo suffered a sprained AC joint in Week 2. In 2018 with the Niners, a torn ACL in Week 3 ended his season. In 2020, Garoppolo appeared in just six games due to a high-ankle sprain. He played through thumb and shoulder injuries in the 49ers' playoff run this past season.
On March 8, Garoppolo underwent successful shoulder surgery. The decision to have the procedure plummeted his trade value. Initially, reports had him slated to resume throwing in late June or early July. Garoppolo actually started throwing again at the end of June, per The Athletic.
Garoppolo has been regularly seen throwing on the side as his 49ers teammates practiced, seemingly preparing for the next chapter in his NFL career. However, this most recent news ensures that the chapter with the 49ers continues a little longer.
49ers and Jimmy Garoppolo had been working since last week on a reworked deal to keep him in SF this season. In the end, this is what made the most sense for both sides. It always was possible it could play out this way, with Garoppolo returning, and now it officially has.
— Adam Schefter (@AdamSchefter) August 29, 2022
The New England Patriots made Garoppolo (6-2, 225) a second-round selection out of Eastern Illinois in 2014. A mid-season trade in 2017 sent the quarterback to the 49ers, where he started and won each of the final five games of the season.
Garoppolo, 30, completed 301-of-441 attempts (68.3 percent) for 3,810 yards with 20 touchdowns and 12 interceptions through 15 starts last season. He is 31-14 as San Francisco's starting quarterback.
Garoppolo has completed 67.7 percent of his passes for 11,852 yards with 71 touchdowns and 38 interceptions in 63 game appearances and 47 starts through his eight NFL seasons.