Jimmy Garoppolo’s 49ers contract: Dolphins’ Ryan Tannehill looks like bargain

Ryan Tannehill looks like a reasonably priced quarterback now. (Allen Eyestone/The Post)

There were more than a few arched eyebrows when Ryan Tannehill signed a $96 million, six-year extension with the Dolphins in 2015, but agent Pat Dye said at the time he might come to regret that Miami got his client so cheaply.

That time appears to be now. Pending free agent Jimmy Garoppolo, who has seven career starts, re-signed with the 49ers today for an NFL record $137.5 million over five years. That contract, which includes $74 million guaranteed, will pay Garoppolo an average of $27.5 million.

That bumps Tannehill’s scheduled salary cap hit of $19.8 million, quite reasonable in the modern quarterback economy, for the upcoming season to 14th in the league at his position.

He’ll drop at least one more spot this offseason considering Kirk Cousins is in for a major payday when he hits free agency next month, plus new Washington quarterback Alex Smith’s number will spike starting in 2019 thanks to a four-year, $94 million extension taking effect.

Tannehill’s cap hit for 2018 is right around what Blake Bortles and Tyrod Taylor will cost their teams, which seems appropriate aside from any knee injury concerns after Tannehill missing the last year-plus. He’s been a league-average quarterback, and his contract lines up with that.

If he continues the improvement he showed under coach Adam Gase in 2016, when he posted a career-high 93.5 passer rating, the remainder of his contract will be a modest bargain for the Dolphins. They have him secured at cap hits of $21.1 million in 2019 and $19.5 million in ’20, when he turns 32.

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