The 49ers got a STEAL with Brock Purdy's new deal

AtoZ Sports

Kyle Crabbs discusses why the San Francisco 49ers got such a good deal with Brock Purdy's contract extension!

Transcript

00:00The San Francisco 49ers are all in on Brock Purdy and not only are they right for being so,

00:07I think they actually got themselves a pretty good deal.

00:12Kyle Krabs with A to Z Sports and the San Francisco 49ers threw a stone at the NFL world

00:19just as it was settling into the weekend on Friday afternoon with reports that they had

00:24agreed to a five-year, $265 million contract extension with quarterback Brock Purdy.

00:31Purdy, of course, is an essential figure for San Francisco and their past build and now their future build

00:37because he hit as Mr. Irrelevant and helped bail the 49ers out after they whiffed on the selection of Trey Lance.

00:44That costly decision cost San Francisco multiple first-round picks

00:48and Purdy has been one of the stories of the NFL ever since.

00:52But some of the speculation around Purdy has been centered around how good of a fit he is

00:57for Kyle Shanahan's offensive system versus how good of a franchise quarterback he can be.

01:04Well, after the terms of this contract have been agreed to,

01:07Purdy now sits tied for seventh amongst NFL quarterbacks with an annual average salary of $53 million per season.

01:15And if that price point makes you squeamish, it's understandable.

01:19But now's a great time to zoom out and consider how we measure NFL contracts in today's NFL climate.

01:26Consider this. Brock Purdy was scheduled to enter into 2025 with one year remaining

01:31and after playtime and performance adjustments, $5.3 million due to him this upcoming season, a contract year.

01:38After adding the five years and $265 million of new money that are going to be on this contract extension,

01:46San Francisco now has six years of player control at $270 million in cash.

01:52That is an average of $45 million per season.

01:55Now, whether it's $45 or $53 million per year on average, nobody's going to argue that that is an absolute boatload of cash

02:04that's coming to Brock Purdy, who was playing for pennies on the dollar as the final pick in the 2022 NFL draft.

02:11But you remember how your grandpa used to tell you about how eggs were 85 cents back in the day?

02:16The NFL salary cap is going through something similar.

02:19The inflation rate in which the salary cap is going up should change your perception on salaries for players across the league,

02:28not just quarterback contracts, because paying $55 million per year on a quarterback like the Bengals did two years ago

02:35for when the salary cap was $224 million for Joe Burrow is not the same as the Jacksonville Jaguars

02:43spending $55 million per year on a $255 million cap last season.

02:48Or alternatively, how after Buffalo adjusted Josh Allen's contract this offseason with a salary cap that sat at $279 million,

02:57the power of the dollar is going further than ever before because of the inflation.

03:04And for Brock Purdy's contract to come in tied with what Jared Goff's annual average was last year

03:09and to come in within $100,000 of what Tua Tungvaloa's annual average salary was last year

03:15when he signed at the beginning of training camp,

03:18versus the growth in the salary cap that's gone up almost $25 million,

03:23that's a win for San Francisco.

03:25Consider this, Brock Purdy's annual average salary as a percentage of this year's cap

03:30is less than 19% on average.

03:34That doesn't even crack the top 12.

03:37It ranks 14th amongst all quarterback contracts.

03:41So when you zoom out, you not just look at the raw numbers involved on the contract,

03:46and you look at the economics relative to the inflation rate of the salary cap,

03:51thanks to things like Peacock and YouTube TV and legalized gambling and fantasy football

03:57and advertising dollars and new TV deals,

03:59all helping accelerate the spending ceiling for NFL franchises,

04:03because I think the 49ers got themselves a pretty good deal.

04:07And then there's also the human element of this that so often gets overlooked in the debate of whether you should or shouldn't pay a player.

04:14This is not a football avatar that you can plug into your Madden team

04:18and expect to have different results as soon as he goes somewhere else.

04:21He's a human being, and how he interacts with the coaches matter.

04:24How he interacts with the media matters.

04:26How he interacts with his teammates matters.

04:29The 49ers know who Brock Purdy is.

04:32They know his strengths.

04:33They know his weaknesses.

04:35They know his limitations.

04:36And as this team embarks on their newest build,

04:40they now have the opportunity to build around Brock Purdy's strengths

04:45while having flexibility because they have chosen to give him a long-term contract.

04:50And remember, there's always an out on these deals.

04:54And as we get more of the details to Purdy's contract,

04:56it will be fascinating to find out just how much wiggle room and flexibility the 49ers have.

05:02But as compared to not paying Purdy and playing hardball and insisting on offering him $30 million

05:07because that's what he's worth,

05:10giving him the contract extension that gives San Francisco more wins than losses on the ledger of the contract

05:16still leaves the door open for San Francisco to spontaneously,

05:20if the right replacement comes along,

05:24make the upgrade like Kansas City did when they had Alex Smith and traded up to draft Patrick Mahomes

05:29or like Philadelphia did when they drafted Jalen Hurts after paying Carson Wentz

05:34or like what the Baltimore Ravens did when they traded up for Lamar Jackson

05:38while having Joe Flacco under contract

05:40or what the Los Angeles Rams did after paying Jared Goff

05:44and then eventually trading for Matthew Stafford.

05:46There is always a pivot available and how you structure the contract is equally as important to whether or not you choose to give one.

05:56That will be the next pieces of details that we need to assess regarding Brock Purdy,

06:01San Francisco and their newfound marriage together because the honeymoon stage is over.

06:07The 49ers are no longer playing with house money.

06:09They've put their money where their mouth is and they have pushed their chips all in on Brock Purdy.

06:16And in doing so, I think they got themselves a pretty good deal.

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