49ers' McCaffrey inks 2-year extension

The San Francisco 49ers are signing running back Christian McCaffrey to a two-year extension, the team announced Tuesday.

The extension has an average annual value of $19 million, sources told ESPN's Adam Schefter. The new deal ties McCaffrey to the 49ers through the 2027 season.

McCaffrey will receive an extra $8 million on top of what he was scheduled to make in the first two years of the extension as well as an additional $24 million in guarantees, per Schefter.

The 27-year-old was already the league's highest-paid running back by AAV and guaranteed money before the extension, according to Over the Cap.

McCaffrey excelled in his first full season in San Francisco, rushing for a league-high 1,459 yards and leading the NFL in scrimmage yards with 2,023. His 21 scrimmage touchdowns (14 rushing, seven receiving) also paced the league.

The reigning Offensive Player of the Year has accumulated 3,233 yards and 31 touchdowns since being traded from the Carolina Panthers to the 49ers during the 2022 campaign.

McCaffrey has made three Pro Bowls and a pair of first-team All-Pro teams since being selected eighth overall in the 2017 draft. The Stanford product has totaled 10,505 yards and 81 scores in 91 career games.