Jimmy Garoppolo‘s new deal with the 49ers is signed, sealed and announced.
The quarterback signed the contract Thursday night, with the team announcing it in a press release. They have scheduled a press conference with Garoppolo at 2:30 p.m. ET on Friday.
The five-year deal with a total value of $137.5 million is the highest per-year average on a long-term contract in NFL history.
Garoppolo went 5-0 in his five starts for the 49ers after arriving in a trade with New England on October 31. He won his only two starts with the Patriots.