The San Francisco 49ers and quarterback Brock Purdy reportedly agreed to a five-year contract extension worth $265 million, per Sports Illustrated's Albert Breer. The deal includes $181 million guaranteed, and makes Purdy the seventh highest-paid quarterback in the NFL on a per-year basis.

The 49ers have officially made Brock Purdy their franchise quarterback with a $265 million contract extension.

San Francisco 49ers quarterback Brock Purdy is about to become a very rich man. According to CBS Sports NFL Insider Jonathan Jones, Purdy and the Niners have agreed to terms on a five-year, $265 million contract extension.