San Francisco 49ers

Reigning Offensive Player of the Year and San Francisco 49ers running back Christian McCaffrey has once again reset the running back market by signing a two-year contract extension on Tuesday that averages $19 million per year, according to sources. McCaffrey will receive an additional $8 million over what he was scheduled to make in the first two years while adding $24 million in guarantees. The 27-year-old's $19 million annual average makes him the league's highest-paid RB, for good reason. CMC finished third in the MVP voting in 2023 after going for 2,023 scrimmage yards with 21 touchdowns in 16 regular-season games. McCaffrey hasn't been immune to the injury bug in his career, but when he's healthy, he's a league-winner as the heartbeat of the Niners' offense. He should go first overall in most fantasy drafts this fall.

San Francisco 49ers wide receiver Ricky Pearsall (undisclosed) is reportedly working through an injury and wearing a non-contact jersey at OTAs. However, Matt Barrows of The Athletic reports that his injury has not held him out of practice or slowed him down. That said, this should not be a concern for fantasy managers. "As was the case last week, Pearsall looked comfortable in the offense and caught several passes from Brock Purdy, including one at the sideline that Pearsall snagged in front of cornerback Isaac Yiadom, who had close coverage," Barrows wrote. The former Arizona State and Florida wideout was selected with the No. 31 overall pick in April's 2024 NFL Draft, and although he lands in a great offense, it's tough to find a path toward consistent production in 2024. As of now, Brandon Aiyuk and Deebo Samuel remain on the roster, and the organization re-signed Jauan Jennings to a two-year extension on Wednesday. Pearsall is likely best served as a dynasty-league stash for rebuilding teams.

San Francisco 49ers wide receiver Jauan Jennings agreed to a two-year deal worth up to $15.4 million that includes $10.5 million guaranteed on Wednesday, according to ESPN's Adam Schefter. Jennings was a restricted free agent, but he'll remain with the organization ahead of the 2024 campaign. Jennings, who has been stuck in a crowded offense with Christian McCaffrey, Brandon Aiyuk, Deebo Samuel, and George Kittle, has put up just under 1,000 yards in his first three NFL seasons. However, he's viewed as one of the best blocking wide receivers in the NFL and was likely to be named Super Bowl LVIII MVP had the 49ers won following his two-touchdown game against the Kansas City Chiefs. The former Tennessee Volunteer is unlikely to be a weekly producer in fantasy football, though he'll have a better chance if one of Samuel or Aiyuk are traded. Jennings is likely to lose snaps to first-round rookie Ricky Pearsall if Samuel and Aiyuk stick around in 2024.

According to ESPN's Jeremy Fowler, San Francisco 49ers wide receiver Brandon Aiyuk is reportedly looking for a new contract similar to what Amon-Ra St. Brown got from the Lions. The wideout is slotted to make just over $14 million on his fifth-year option. However, if Aiyuk gets his wish, he could double that amount. Of course, St. Brown has been more productive, so it will be tough to justify making Aiyuk one of the highest-paid receivers in the National Football League. But the 26-year-old is coming off the best season of his career, amassing 1,342 yards and seven touchdowns off 75 catches, meaning someone would be more than happy to pay him if the 49ers decide to move on from this situation.

San Francisco 49ers running back Christian McCaffrey has been absent for voluntary organized team activities this week, but head coach Kyle Shanahan said he wasn't worried bout McCaffrey given how hard he trains in the offseason. "It's like everyone else," Shanahan said. "It is voluntary, and I'm not too concerned about Christian." The 2023 NFL rushing champion was present for last year's sessions, but apparently he's taking more time to train on his own in his second offseason with the team. Fantasy managers considering taking CMC with the No. 1 overall pick in fantasy drafts this fall shouldn't be concerned at all after the do-it-all back had 272 carries for 1,459 rushing yards and 14 touchdowns while catching 67 passes for 564 yards and another seven scores in 16 regular-season starts in his first full season with the Niners.