SANTA CLARA (CBS13) – The 49ers have locked away their franchise quarterback.

According to a source close to the team, San Francisco signed Jimmy Garoppolo to contract in the range of $137 million on Thursday. The deal is for five years and reportedly includes $74 million in guarantees.

Garoppolo’s reported deal makes him the highest-paid player in terms of average annual salary in the NFL.

San Francisco acquired Garoppolo from the New England Patriots in a mid-season trade. The 49ers gave up only a second-round pick for Garoppolo.

Garoppolo took over at starting quarterback in Week 13 and won five straight games.

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