The 49ers gave Brock Purdy a five-year, $265 million extension. But in reality, it's a two-year deal worth $115 million which the 49ers can extend in 2027

Purdy is guaranteed to earn, as a practical matter, $115.346 million through 2027. The 49ers can avoid his $55.05 million compensation in 2028 by cutting him on or before April 1, 2027. The new-money average is $53 million per year. The six-year deal, from signing, has an annual value of $45.057 million.