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49ers restructure Jimmy Garoppolo’s contract to a one-year deal worth $6.5 million to be Trey Lance’s backup

The 49ers, in true fashion, did something few thought they would. ESPN’s Adam Schefter announced the team is restructuring Jimmy Garoppolo’s contract. Yes, you read that right. Jimmy isn’t going anywhere.

The new contract is worth one-year and has a base of $6.5 million, that’s fully guaranteed. Garoppolo has another total of $500,000 he could reach in roster bonuses. He also has playtime bonuses that can boost it up to $9 million.

After this restructure, the 49ers now have the second-most cap space in the NFL with $22 million. Garoppolo’s contract contains a no-trade clause, meaning if the team wants to deal him during the year before the trade deadline, Jimmy has a say in it.