The signing leaves quarterback Trey Lance, the No. 3 overall pick, and cornerback Ambry Thomas, another third-rounder, as the only unsigned rookies from this year's draft class.
Sermon carried the football 116 times for 870 yards with four rushing touchdowns while adding 12 receptions for 95 yards through eight games as a senior in 2020, per Sports Reference. The running back's best statistical season came in 2018 when he rushed for 947 yards and 13 touchdowns on 164 carries.
Sermon gained 2,946 rushing yards on 455 attempts with 26 rushing touchdowns through his four collegiate seasons.
Thanks to the NFL Collective Bargaining Agreement (CBA), which runs through the 2030 season, all rookie contracts are for a length of four years.
The total value of Sermon's four-year contract is set to be $4,872,934, per OverTheCap.com. That includes a signing bonus of $903,952 and a 2021 salary-cap figure of $885,988.
It's been a busy day for the 49ers. With players scheduled to report to training camp in less than a week, the team also agreed to terms on a five-year, $95 million contract extension for star linebacker Fred Warner, making him the highest-paid linebacker in the NFL.
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