Updated contract details for 49ers WR Mike Evans: The guarantees are in

According to Ari Meirov on Twitter, we finally have the guarantees for the San Francisco 49ers’ newest wide receiver, Mike Evans. The initial deal was said to be for three years, $60 million.

Meirov said Evans’ deal is worth $42.4 million, with $16.3 million in guarantees. That comes out to $14.13 million annually. That is 41st in guarantees for wide receivers as of signing. We’re talking about what first-round picks at the position from recent draft classes get.

For reference, the Rams gave Davante Adams a two-year contract worth $26 milion in guarantees as a 33-year-old last season. Realistically, it’s probably a deal that gives the Niners an out after the first year if it doesn’t work out, but closer to a two-year deal.

The 49ers can use the third year as a “ghost” year that will automatically void, allowing them to spread out his signing bonus over an extra year. That’s what the Rams did with Adams contract.

Adams doesn’t have nearly the injury history of Evans. He missed three games this past season with a right hamstring injury. He missed two games with a hamstring injury in 2024, but hadn’t missed a game since 2020.

Both players are from the same draft class, but Evans is actually a year younger than Adams. This is the 49ers protecting themselves from Evans lingering hamstring issues. The deal is surprisingly affordable for a player who had 1,000 yards receiving in every season up until this past year.

You don’t reach 1,000 yards by playing 60 percent of the games. It’s fair to be concerned about Evans re-injuring his hamstring, but there is enough evidence in his favor going back a decade that suggests Evans will be on the field the majority of the time. When that’s happened, he’s produced at a WR1 level.

Even if this ends up being a one-year deal for Evans, it is at $14 million for the caliber of receiver he is and how much higher he makes the ceiling of the 49ers’ offense.