Christian McCaffrey’s record-setting contract extension with the 49ers was a win-win situation for both parties involved.
The superstar signed a two-year, $38 million contract extension with San Francisco, creating $7.4 million in salary cap space for the franchise in 2024. For Spotrac.
The 27-year-old’s multi-year extension leaves the 49ers with about $31.9 million in 2024 cap space, followed by $18 million Publication by Eric Armstead was created. San Francisco ranks seventh in the league in the Top 51 room.
How San Francisco decides to use the extra cap space continues to be a major developing storyline. However, the funds are being used for a contract extension for a key player like wide receiver Brandon Ayuk.
McCaffrey, now under contract until he’s 31, was the NFL’s highest-paid tight end when the Carolina Panthers traded him to San Francisco in 2020, signing a $64 million contract extension.
After McCaffrey’s deal, the 49ers will take a $19.7 million dead cap hit this season, which happened after “respectful” talks between his camp and the 49ers’ brass.
The running back’s historic payday comes on the heels of his 2023 Offensive Player of the Year award-winning campaign and the 49ers’ first day of mandatory minicamp.
It’s clear now that San Francisco and McCaffrey have smooth sailing from here to 2027.
The same can’t be said about the franchise and Aiyuk, but a move like Tuesday puts the 49ers closer to striking distance.
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