Jimmy Garoppolo‘s net worth and salary have been in the interest of football enthusiasts ever since the NFL star signed the deal with the San Francisco 49ers.
Over the years, Garoppolo has definitely established himself as a franchise quarterback although some would still argue on that one. And quarterbacks are clearly the most valuable players.
So, what is Jimmy Garoppolo’s net worth? Know about the intriguing structure of incentives and bonuses Jimmy has received so far.
Jimmy Garoppolo Net Worth
Current reports suggest Jimmy Garoppolo’s net worth hovers around $55 million in 2023.
Jimmy, the brother of Billy Garoppolo has had arguably weird instances that have added to his net worth. One could say the Illinois-born pocketed big sums when he least expected them.
His wealth really started to pike after the 49ers made him their franchise quarterback after their former QB Trey Lance suffered a season-ending ankle injury in the first quarter of Week 2 in 2022.
Some lucky and healthy contract incentives are worth mentioning when discussing Garoppolo’s monetary prowess.
Ever since his introduction as a staple qb for the Niners, his financial breakthroughs have been making headline after headline.
Nonetheless, to understand or have a somewhat clear perspective of what really impacted Garoppolo’s net worth, his salary breakdowns, bonuses, and other avenues are worth taking a look at.
Jimmy Garoppolo Salary And Bonuses Breakdown
The contract, furthermore, included a signing bonus of $7 million. It additionally had another $28 million in a guaranteed roster bonus in 2018. But that wasn’t it at all. The paper works also had $600,000 per year in workout bonuses and close to $1 million in roster bonuses per game.
All in all, Garoppolo’s salary cap hit was $37 million in 2018. His big payday during the 2018 off-season run is worth mentioning.
Jimmy’s Salary After 2022; Incentives Gave Huge Boost To His Net Worth
Before Sep 2022, Garoppolo’s cap hit ate the biggest chunk of space at the 49ers’ salary cap with a bulky $26.9 million. At the time, prorated signing bonus amounted to $1.4 million in addition to other bonuses including $705,870 for a roster and $600,000 for a workout.
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However, after fall 2022, the Rolling Meadows High School graduate would re-sign at a cap hit of about $14 million.
Though Garoppolo’s deal included a significant amount of incentives which on its own was worth up to $15 million plus.
The same year, he was also the highest-paid backup quarterback in the NFL. Some argue Garoppolo really struck gold in bonuses from his 2022 season contract.
In fact, at times in the 2022 season, his every week’s bonus money and active roster bonus surpassed his base salary for each game.
Over the course of the regular season, Garoppolo, the ex-boyfriend of Alexandra King has been raking in an average of $5.5 to $6 million salary since the beginning of his NFL season.
His net worth is $55 million in 2023.