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Sources: 49ers give Christian McCaffrey 2-year, $38M extension

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Reigning Offensive Player of the Year Christian McCaffrey once again has reset the running back market, signing a two-year extension with the San Francisco 49ers, averaging $19 million per year, sources told ESPN's Adam Schefter on Tuesday.

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 deal was negotiated by WME Football.

McCaffrey, 27, rushed for a career-best 1,459 yards last season and added 564 yards on 67 receptions while scoring 21 total touchdowns (14 rushing, 7 receiving) for the NFC champion 49ers.