AUGUST 30: Full details on the Aiyuk pact are in, courtesy of Florio. The frontloaded compensation includes a $23MM signing bonus, $11MM of which will be paid out in the next two weeks. His 2025 earnings are made up of $20.88MM in base salary, roster and workout bonuses which are guaranteed at signing. Another $4MM will be locked in on April 1 of that year. Altogether, this deal consists of $45MM fully guaranteed, with the $76MM total guarantee figure set to emerge not long after the 2025 league year begins.
Aiyuk’s 2026 salary ($1.22MM) and per-game roster bonuses ($750K) are guaranteed for injury at signing and will fully vest one year early. Notably, his salaries for 2027 and ’28 – $27.27MM and $29.15MM – are not guaranteed, so the 49ers will be able to get out of the contract in either of those seasons (an unlikely development, given his age and production) barring adjustments being made down the road via restructures. Aiyuk’s 2024 cap number will drop to $5.73MM, per ESPN’s Nick Wagoner.
AUGUST 29: Months of negotiating drama with Brandon Aiyuk, which featured trade talks with a few teams and an eventual trade agreement, defined the 49ers’ offseason. But the saga will end with a peaceful resolution. Aiyuk is not going anywhere, with NFL.com’s Ian Rapoport and Mike Garafolo reporting an extension is in place.
The 49ers have agreed to terms with Aiyuk on a four-year, $120MM deal, which Garafolo and Rapoport indicate includes $76MM guaranteed. This process will end closer to Aiyuk’s believed price point than San Francisco’s, but the defending NFC champs will have the second-team All-Pro back at work soon.
Aiyuk held in for 38 days, but as the 49ers did with Nick Bosa and Deebo Samuel, a late-summer extension will bring a close to this chapter. Though, this was a more memorable saga than those involving Bosa and Samuel. Aiyuk is now signed through 2028, and this agreement suddenly brings Samuel’s Bay Area future — post-2024, that is — into question.
It looks as though the sides are meeting in the middle. Rather than sign a three-year deal like Samuel did in 2022, Aiyuk will be under 49ers control for four seasons beyond 2024. Instead of the $26-$27MM-per-year price point San Francisco — and would-be trade partner Pittsburgh — initially landed on, Aiyuk will become the NFL’s sixth $30MM-per-year wideout. Long seeking a deal at $30MM per, Aiyuk joins Justin Jefferson, CeeDee Lamb, A.J. Brown, Amon-Ra St. Brown and Tyreek Hill in this club, one that expanded from one to six this offseason.
Lamb’s extension may not have driven the 49ers’ talks across the goal line, as he and Jefferson are on a higher plane in terms of AAV and guarantees. But the market is effectively set for 2024, unless the Bengals make an unexpected deal with Ja’Marr Chase before 2025. This 49ers agreement coming to fruition less than two weeks before the season will wrap one of more voluminous sagas in PFR history.
This is a frontloaded deal, per Pro Football Talk’s Mike Florio, who reports the contract includes $90MM over the first three years. This helps cover for Aiyuk not reaching guarantees past $80MM — a long-rumored ask. Although Aiyuk is now contracted through his age-30 season, he should have another chance — should the 2020 first-rounder’s career remain on this trajectory — to cash in on a big-ticket deal in his prime. Aiyuk, 26, will receive $47MM between now and April 1, 2025, Rapoport adds.
Considering the fight Aiyuk put up, it does appear a bit strange his $76MM guarantee number checks in only in a tie for sixth (with Jaylen Waddle, who signed a three-year extension) at the position. But the contract’s full guarantees and full payout structure will reveal the detailed ending to this long-running tale.
San Francisco’s resolution does not appear to have involved an 11th-hour raise, as The Athletic’s Dianna Russini notes these numbers have been in place for weeks. Aiyuk, who has watched practices at points and been absent from practice fields at others, now must return to work ahead of the 49ers’ Monday Night Football debut against the Jets. Providing clarity, Schefter adds this offer has been on the table since August 12.
The 49ers have now dispensed with one half of their disgruntled-player contingent, with Trent Williams‘ holdout now moving toward center stage. Williams’ contract issue has a long way to go to catch Aiyuk in terms of updates, with this back-and-forth producing many twists and turns (featuring a few documented meetings) since the parties began negotiating months ago.
For the 49ers, this keeps an essential piece of the puzzle in place. A trade at this juncture would have made it difficult for the team, Kyle Shanahan‘s play-calling acumen notwithstanding, to produce an offense on the level of 2023’s machine. The 49ers have now extended Aiyuk and Christian McCaffrey this year; Samuel and George Kittle are under contract through 2025.
Aiyuk is coming off his second straight 1,000-yard season; the Arizona State alum totaled 1,342 yards and seven touchdowns to help Brock Purdy deliver a historic 9.6 yards per attempt in 2023. Under the hood, Aiyuk’s numbers were even better. He ranked third in yards per route run (3.01) last season; this undoubtedly influenced his asking price, with Team Aiyuk effectively capitalizing on the 49ers needing him for another run in 2024. After falling short of 850 yards during each of his first two years, Aiyuk has put it together.
“We believe his best football is ahead of him,” a 49ers exec told veteran reporter Jordan Schultz. “He’s only 26, he’s still learning the intricacies of the position. This is an ascending player. … There’s no reason why he can’t have a similar career as a Davante Adams, for example.”
Aiyuk being offered $30MM per year on August 12 shows how well his camp did, considering the 49ers were at $26-$27MM per annum before that point. This all came after the 49ers let Aiyuk shop around. Despite a reported Patriots offer north of where this 49ers deal ended up, Aiyuk did not want to be dealt to New England. The Browns put Amari Cooper, along with second- and fifth-round picks, on the table; Aiyuk expressed disappointment in a Cleveland destination. Even the Commanders, who drafted ex-Aiyuk college QB Jayden Daniels, hovered on the Aiyuk periphery.
Playing for Mike Tomlin appealed to Aiyuk, but the Steelers’ offer did not exceed $28MM per year. This prompted the disgruntled receiver to return to the table with 49ers brass, and only minor details remained to be ironed out in recent days. Even though Pittsburgh’s contract offer was not quite what Aiyuk sought, the sides agreed on trade framework. This became a backup plan, though Aiyuk had long viewed San Francisco as his top choice. John Lynch had also continued to convey a desire for Aiyuk to be in the fold long term, and the 49ers’ top-level skill-position crew (now featuring first-round pick Ricky Pearsall) now has at least one more season to play together.
The Steelers falling short for Aiyuk spotlights a thin skill corps post-Diontae Johnson. George Pickens remains the top target for Tomlin’s team, and Pat Freiermuth looms as an extension candidate. Now-starter Russell Wilson, though, does not have much else of consequence to target. The team will need third-round rookie Roman Wilson, who missed training camp time due to injury, to step up early — barring a late-summer or in-season trade, that is.
Even though Pittsburgh’s receiver development has shined for many years, the team’s current setup — which also features ex-Rams and Falcons contributor Van Jefferson — appears thin. This is the ending the Steelers anticipated, however, per the Pittsburgh Post-Gazette’s Gerry Dulac.
A champagne problem is approaching for the 49ers. With Aiyuk now signed and a Brock Purdy extension on the team’s 2025 radar, the prospect of Samuel’s future comes into focus. The 49ers may well be in trade talks again with a high-end wide receiver next year. Samuel will be 29 ahead of his 2025 contract year, and with Pearsall on a rookie deal for a while, he would be a more logical complement to his former Arizona State teammate — assuming Purdy is indeed extended — than Samuel, who joined Aiyuk in draft-weekend trade talks.
That is a down-the-road issue for the 49ers, who have managed to avoid what would have been an odd trade based on their trajectory. The team, which has continued to fall short in Super Bowls and NFC championship games, has retained the nucleus that pushed the Chiefs near double overtime in Super Bowl LVIII. Aiyuk will again be in place to help Purdy and Co. navigate that elusive hurdle this season.
