Meeting Does Not Bridge Value Gap Between 49ers, Brandon Aiyuk

Justin Jefferson rumors circulated before his mammoth extension, and CeeDee Lamb has been tied to a holdout threat. But Brandon Aiyuk has been the offseason headline champion at his position, with his 49ers talks coming up frequently.

Aiyuk requested (and received) a meeting with 49ers brass. After the fifth-year wide receiver lobbed a comment indicating the 49ers do not want him back, the team — as has long been reported — confirmed during the summit it does indeed envision a future with Aiyuk. The two-time 1,000-yard pass catcher conceded, as Tee Higgins did weeks ago, he does not expect to be traded this year.

The recent Aiyuk-49ers meeting may end up catalyzing an extension, but it has not generated movement yet. The parties are not progressing on a deal in the wake of the summit, NFL.com’s Mike Garafolo notes (h/t 49ersWebZone.com). This refrain continues, as a lack of development in these talks led to Aiyuk skipping OTAs and then incurring a $102K fine for not attending minicamp.

Aiyuk’s camp has referenced Amon-Ra St. Brown‘s $30.01MM-per-year deal as an AAV comp, and a guarantee figure that approaches Jefferson’s position-record-shattering $88.7MM number came up regarding locked-in compensation. Aiyuk has not shown himself to be in the Vikings superstar’s class, and St. Brown — albeit on more targets — has submitted better numbers. Aiyuk’s 3,931 career receiving yards rank 17th since 2020, further complicating extension talks for a player who resides on a team with an elite skill-position corps dependent on spreading targets around.

Considering no non-Vikings team has authorized a WR contract that includes more than $53MM fully guaranteed, it would be surprising if the 49ers caved to Aiyuk’s push at guarantees in Jefferson territory. AAV-wise, the team may be seeking something closer to where the Eagles went for DeVonta Smith ($25MM per year) than a deal that hits St. Brown’s $30MM-per-annum number.

No trade request has come, separating Aiyuk’s situation from Deebo Samuel‘s 2022 offseason. But a training camp holdout could be the next step, if the 2020 first-rounder is up to it. Aiyuk must be fined $50K per each training camp day missed, though the 49ers would have the option of waiving the fines — as they did for Nick Bosa — due to the standout receiver being on a rookie contract. Aiyuk, 26, is due a $14.12MM fifth-year option salary.

San Francisco’s leading receiver (by a wide margin) last season, Aiyuk can use the 49ers’ cap-space figure against them in his negotiations. Without any Aiyuk money or a Brock Purdy payment factoring into the equation, the 49ers are projected to be more than $38MM over the cap in 2025. A receiver franchise tag would cost more than $22MM next year. Unless the 49ers would be keen on letting Aiyuk simply walk in free agency if they are unable to extend him in 2024, they would need to clear enough space to apply the tag. That process, with Charvarius Ward also unsigned for 2025, would be tricky.

The 49ers still want Aiyuk around long term, to the point Samuel exit rumors have emerged after draft-weekend trade talks. This year, the reigning NFC champions are planning to keep their long-running WR duo intact, with first-rounder Ricky Pearsall in place as a developmental option for a future in which — in the most likely scenario — one of the starters departs in 2025.

View Comments (4)