Report: Jimmy Garoppolo looking at $25 million annually on new deal

As his former New England Patriots squad prepares to play in the Super Bowl Sunday evening, Jimmy Garoppolo could be on the verge of becoming a whole heck of a lot richer.

A report came out Sunday morning noting that there’s been “significant momentum” on an extension with the San Francisco 49ers.

“Long-term contract extension negotiations between Garoppolo and the 49ers have gained significant momentum, and a deal could get done in the near future, sources informed of the situation said,” NFL Media’s Ian Rapoport reported.

Rapoport’s colleague, Mike Garafolo, is now noting that said deal could look similar to the one Derek Carr signed with the Oakland Raiders this past offseason. In becoming the NFL’s highest-paid player shortly before Matthew Stafford took that title, Carr signed a deal averaging $25 million annually.

Of course, we have no idea what the specific details might be. What will Garoppolo get in guarantees? How long will the deal be for?

Even then, it’s looking more and more like the 49ers will keep Garoppolo off the market by signing him to a lucrative long-term deal rather than having to place the dreaded franchise tag on the young signal caller.

Acquired from New England this past October, Garoppolo closed out the season with five consecutive wins to begin his 49ers career. He’s now going to get paid handsomely for it. When that might happen remains to be seen.