San Francisco 49ers running back Christian McCaffrey signed a two-year extension that will allow him to average $19 million per season.
According ESPN’s Adam Schefter, the 2023 NFL Offensive Player of the Year will see his salary increase by $8 million and will also receive $24 million more in guaranteed money. McCaffrey was set to make $11.8 million for the 2024 NFL season, which comes from the contract he signed while with the Carolina Panthers.
That pay increase will make McCaffrey, who turns 28 on Friday, the highest-paid running back in the NFL. He is now under contract through the 2027 season.
McCaffrey was under contract to the four-year, $64 million extension he signed in 2020 with the Panthers. Following the 2022 trade with San Francisco, nothing was changed in the deal. He had two years left on that deal, but none of his base salaries in 2024 and 2025 were guaranteed.
McCaffrey, 27, rushed for 1,459 yards and 14 touchdowns last season and recorded 564 receiving yards and seven touchdowns.
Now that his contract is resolved, McCaffrey was with the team for the start of its mandatory minicamp on Tuesday after opting out of the voluntary portion of the 49ers’ offseason program.