Jimmy Garoppolo net worth and salary have piqued sports fans’ interest since the NFL star inked a contract with the San Francisco 49ers.
Garoppolo has clearly established himself as a franchise quarterback throughout the years, while some would argue otherwise. And quarterbacks are without a doubt the most valuable players.
So, how much money does Jimmy Garoppolo have? Learn about the unique incentive and bonus structure Jimmy has earned thus far.
Jimmy Garoppolo Salary
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According to current estimates, Jimmy Garoppolo’s net worth will be around $55 million in 2023.
Jimmy Garoppolo, Billy Garoppolo’s brother, has experienced some unusual events that have added to his personal worth. One may claim that the Illinois native made large sums of money when he least expected it.
His fortune skyrocketed after the 49ers named him their franchise quarterback after Trey Lance sustained a season-ending ankle injury in the first quarter of Week 2 in 2022.
Jimmy Garoppolo, a 6-foot-2-inch quarterback from Illinois, will be drafted in December 2022.
When evaluating Garoppolo’s financial prowess, some fortunate and healthy contract incentives are worth considering.
Since his arrival as the Niners’ starting quarterback, his financial achievements have made story after headline.
Nonetheless, his pay splits, bonuses, and other channels are worth investigating in order to gain a better understanding of what truly impacted Garoppolo’s net worth.
Jimmy Garoppolo’s Salary And Bonuses
Jimmy Garoppolo’s annual pay has been set at $6.5 million. While he has received multiple wage raises since beginning his NFL career, several major increases are highlighted in the paragraphs below.
Back in 2018, the 49ers presented and signed Garoppolo to a five-year, $137.5 million contract with a $48.7 million signing bonus. A further $74.1 million was guaranteed for injuries out of that total.
The contract also contained a $7 million signing bonus. In 2018, it also had a guaranteed roster bonus of $28 million. But that wasn’t the case. The contract also included $600,000 in exercise bonuses per year and close to $1 million in roster bonuses per game.
Garoppolo’s salary cap hit in 2018 totaled $37 million. His large salary during the 2018 offseason run is noteworthy.
Jimmy’s Salary After 2022; Incentives Increased His Net Worth Significantly
Garoppolo’s cap charge of $26.9 million took up the most space on the 49ers’ salary cap before September 2022. At the time, the prorated signing bonus was $1.4 million, plus extra bonuses of $705,870 for a roster spot and $600,000 for a workout.
However, following the autumn of 2022, the Rolling Meadows High School alumnus would resign at a cap hit of almost $14 million.
Despite the fact that Garoppolo’s contract featured a considerable amount of incentives valued up to $15 million or more.
He was also the highest-paid backup quarterback in the NFL that year. Some think that Garoppolo struck gold with his 2022 season contract bonuses.
In fact, during the 2022 season, his weekly bonus money and active roster bonus often exceeded his base wage for each game.
Garoppolo, Alexandra King’s ex-boyfriend, has made an average of $5.5 to $6 million in compensation since the start of his NFL season.
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