Christian McCaffrey, the star running back for the San Francisco 49ers, has secured his future with a two-year contract extension, announced by the team on Tuesday.

The deal, valued at $38 million, extends McCaffrey's tenure with the 49ers until he turns 31, making him the highest-paid running back in NFL history, CBS Sports reports.

This Christian McCaffrey contract extension builds upon the framework of his previous record-setting contract signed with the Carolina Panthers in 2020, which the 49ers inherited upon trading for him in 2022.

The new contract solidifies McCaffrey's status as a trailblazer in the running back market, surpassing Alvin Kamara's $15 million annual salary.

It includes $24 million in guarantees and extends through the 2027 season, emphasizing the 49ers' commitment to their exceptional talent and leadership.

READ NEXT: Bills' Taron Johnson Signs $31M 3-Year Contract Extension 

McCaffrey's Impact and Legacy

"Two years ago, we were ecstatic to welcome Christian McCaffrey to the 49ers," said John Lynch, the team's president of football operations. Lynch praised McCaffrey's versatility and professionalism, highlighting his seamless integration into the team since joining.

McCaffrey's contributions, both on and off the field, have reinforced his reputation as one of the NFL's most complete backs, succeeding the likes of Todd Gurley.

In 2023, McCaffrey achieved significant milestones, winning the NFL's Offensive Player of the Year award while leading the league in rushing yards and totaling over 2,000 all-purpose yards, according to ESPN.

His performance nearly paralleled the feat of winning both the rushing title and the Super Bowl in the same season, falling short in a closely contested Super Bowl against the Kansas City Chiefs.

Negotiations for McCaffrey's extension intensified after he skipped voluntary offseason activities.

The finalized deal adds $8 million to his previous contract's base salaries for 2024 and 2025, guaranteeing all remaining money.

Christian McCaffrey expressed satisfaction with the respectful negotiation process, emphasizing the importance of recognizing running backs' value in the NFL.

Implications for the 49ers

The extension ensures McCaffrey's central role in the 49ers' offensive strategy through 2027, maintaining his status as a pivotal player for their aspirations of championship contention.

His presence provides stability amid ongoing contractual uncertainties, such as wide receiver Brandon Aiyuk's desire for a new deal, which has led to his absence from mandatory team activities.

With McCaffrey secured, the 49ers enter the upcoming season with confidence in their offensive capabilities.

McCaffrey's performance in 2023 showcased his ability to excel both in rushing and receiving, bolstering the team's competitiveness in the NFC.

As preparations continue, the focus remains on resolving contractual issues while harnessing McCaffrey's leadership to propel the team toward further success, Bleacher Report noted.

Christian McCaffrey's contract extension not only secures his future with the 49ers but also redefines expectations for running back compensation in the NFL.

His record-breaking deal reflects his exceptional contributions and underscores the team's commitment to maintaining a competitive edge.

As the offseason progresses, San Francisco aims to address remaining challenges while leveraging McCaffrey's talents to achieve their championship aspirations.

READ MORE: Mets Retire Darryl Strawberry's No. 18 Jersey 

This article is owned by Latin Post.

Written by: Ross Key

WATCH: Christian McCaffrey Signs New Deal For 2 Years $38 Million, $8M More Than Prior Deal | Pat McAfee - From The Pat McAfee Show