NFL Rumors: Jimmy Garoppolo To Stay Put On 49ers

The San Francisco 49ers and quarterback Jimmy Garoppolo have reportedly agreed to a one-year contract extension for the 2022-23 season, sources told ESPN's Adam Schefter.

Garoppolo's restructured deal is worth $6.5 million in base salary and is fully guaranteed, Schefter adds. The contract also includes incentives that can grow his total amount to approximately $16 million. His deal also contains no-trade and no-tag clauses, allowing the quarterback to freely browse free agency next year.

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

The move by the 49ers reportedly also lowers their 2022 cap number from $26.95 million to approximately $8.5 million allowing for much needed space, according to NFL Network's Tom Pelissero.

Overall, the 30-year-old signal-caller took a pay cut to stay as a back up with San Francisco as the club earlier in training camp announced that Trey Lance would be their new starting quarterback going forward.

However, if Lance does go down with injury during this season, Garoppolo would be a good second option for a 49ers club that is looking to make a deep push this year.

Garoppolo, who initially joined the 49ers in 2017, led his squad to the post season twice (2019, 2021) with two NFC Championship representations, and a Super Bowl appearance in 2019 which ended in a loss to the Kansas City Chiefs.