Today marks another big day for San Francisco 49ers quarterback Jimmy Garoppolo. In February, Garoppolo signed a five year contract that secured him $48.7 million in fully guaranteed money. The deal included a $7 million signing bonus, and a $28 million roster bonus. While the signing bonus was paid immediately, the roster bonus was not due until the third day of the new league year, per Field Yates.
Guess what day it is?
At 1 p.m. PT, Garoppolo will receive $28 million from the 49ers, netting him $35 million so far this offseason. He’ll earn another $600,000 in a workout bonus, and beyond offseason workout program and training camp per diem money, the rest of his earnings will come once the season begins. Starting in 2019, and prior to any new contract, his pay will be workout bonuses, base salary, and in-season roster bonuses.
Now that Garoppolo has cashed in, I think Chris Biderman summed up his financial situation best. Welcome to the Bay Area, Jimmy G!