NBC Sports Bay Area insider Matt Maiocco joined Bay Area radio station KNBR on Thursday morning to share the latest on contract negotiations between the San Francisco 49ers and quarterback Brock Purdy.
Much of what Maiocco said could be deduced by the fact that Purdy has yet to agree to terms on a new deal. However, with 49ers players set to report to the team next week, just days ahead of the 2025 NFL Draft, any news could be viewed as relevant.
"The latest is that the 49ers have made an offer. It's kind of sitting out there," Maiocco said. "Brock Purdy and his camp—and I don't know how much involved Brock is. I'm sure the agent is shielding him from a lot of this stuff. But the offer the 49ers have made isn't one that Brock Purdy's side is inclined to take at this point, nor will they."
Most expect Purdy to secure a contract north of $50 million per year, though reports—some disputed—suggest the 49ers haven't yet reached that range. With both sides keeping negotiations private, much of the chatter remains speculative.
"So it's just a matter of trying to find that right number," Maiocco continued. "I think Purdy's camp, it feels like the market is set. The market is what it is, and they believe that he's earned it. You know, Jed York referred to Brock Purdy a couple of weeks ago as a top-10 quarterback, so we'll see how this plays out.
"But right now, from my understanding, it doesn't sound like anything's close. There will still be, I'm sure, a few more offers exchanged here in the coming weeks. Everybody seems to be confident that it'll get done eventually, but it's just kind of this back and forth."
Maiocco also pointed out that the 49ers historically don't rush into high-profile extensions. In recent years, contract talks with Brandon Aiyuk, Nick Bosa, and Deebo Samuel have stretched late into the offseason, often stirring up drama the team would rather avoid. Of course, Purdy seems like someone who prefers to steer clear of drama.
"I'm not sure that there's a lot more that could happen on the quarterback market that would change how this deal would be structured or the average per year or the signing bonus money," Maiocco concluded. "So, it's a process, and nothing much has changed over the last couple of weeks."
You can listen to Maiocco's entire interview below: