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Source: Jimmie Ward, 49ers agree to three-year contract extension

Safety Jimmie Ward is not going anywhere.

The 49ers on Monday night agreed to terms with safety Jimmie Ward on a three-year contract, a league source told NBC Sports Bay Area. The deal is worth $28.5 million, the NFL Network reported.

The move prevents Ward from hitting the open market Wednesday afternoon as an unrestricted free agent.

The re-signing of Ward caps an active first day of the open negotiating period for the 49ers. The 49ers signed defensive lineman Arik Armstead to a five-year contract. Then, the 49ers traded defensive lineman DeForest Buckner to the Indianapolis Colts for a 2020 first-round draft pick.