Christian McCaffrey’s Contract Details: Star RB Signs 2-Year Extension With 49ers

    The San Francisco 49ers are giving Christian McCaffrey a new contract. Here are the details on the All-Pro RB's fresh deal with the reigning NFC champs.

    The San Francisco 49ers are giving star running back Christian McCaffrey a new contract.

    On Tuesday, CMC and the 49ers reportedly agreed to a two-year extension worth $19 million per season. McCaffrey, the reigning Offensive Player of the Year, was already under contract in San Francisco through the 2025 campaign.

    Christian McCaffrey Inks Extension With 49ers

    McCaffrey, the NFL’s highest-paid running back for five consecutive years, will retain that title going forward.

    His previous annual average value ($16.015 million) paced the league’s RBs, leading the New Orleans Saints’ Alvin Kamara by over $1 million per year. CMC’s new deal will comfortably place him in a new RB salary tier.

    More importantly — at least, from McCaffrey’s perspective — he will earn significantly more in the near-term thanks to his new deal.

    Mike Florio of Football Talk was the first to report CMC’s extension and its major details. Per Florio, San Francisco essentially deleted the remaining two years on McCaffrey’s contract and gave him an all-new deal.

    CMC had $24.2 million remaining over his previous two years. He’ll receive $38 million in new money on top of that total, including $24 million in new guarantees.

    The 49ers will pay McCaffrey a $14.29 million signing bonus in 2024, allowing them to spread that money out over multiple seasons and keep CMC’s cap charge relatively low. Option bonuses in 2025 ($14.245 million) and 2026 ($10.55 million) won’t hit San Francisco’s cap this year.

    McCaffrey had not been attending the 49ers’ voluntary organized team activities (OTAs) and was pushing for a new contact, as The Athletic’s Dianna Russini reported.

    McCaffrey has been utterly dominant since San Francisco acquired him from the Carolina Panthers at the NFL’s 2022 trade deadline.

    In 2022, he posted 1,210 yards from scrimmage and scored 10 touchdowns in 11 regular-season games. McCaffrey finished second in the NFL Comeback Player of the Year voting and earned his fourth Pro Bowl nod.

    In 2023, CMC posted 2,023 yards from scrimmage despite sitting out Week 18; no other RB put up more than 1,600. His 21 total touchdowns tied for the NFL lead, while he generated more first downs — both in the passing game (31) and the running game (83) — than any other running back.

    In addition to OPOY, McCaffrey won first-team All-Pro honors and finished third in MVP voting behind Baltimore Ravens QB Lamar Jackson and Dallas Cowboys QB Dak Prescott.

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