Christian McCaffrey remains one of the most electrifying and versatile players in the National Football League (NFL), and as of May 2025, there is no confirmed trade sending him back to the Carolina Panthers. Despite recent rumors circulating online about a supposed five-year, $136.5 million deal with the Panthers, no reputable sports news outlet — including ESPN, NFL Network, or the San Francisco 49ers themselves — has reported any such transaction. In fact, the most recent confirmed development in McCaffrey’s career was a two-year, $38 million contract extension with the 49ers in June 2024, which secured his place in San Francisco through the 2027 season.
Christian McCaffrey originally entered the NFL in 2017 as the eighth overall pick, drafted by the Carolina Panthers out of Stanford University. During his time in Carolina, he quickly became a fan favorite and a franchise cornerstone. His rare combination of speed, agility, strength, and football IQ made him a dynamic threat both as a running back and as a receiver out of the backfield. In 2019, he joined the elite “1,000/1,000 club,” recording over 1,000 yards rushing and receiving in the same season — a feat achieved by only a handful of players in NFL history.
In 2022, McCaffrey was traded to the San Francisco 49ers in a move that stunned fans across the league. Carolina received a package of draft picks in return, signaling their intent to rebuild, while San Francisco made it clear they were all-in on competing for a Super Bowl. Since arriving in the Bay Area, McCaffrey has not only maintained his high level of performance but has arguably elevated it. Under head coach Kyle Shanahan’s system, he has thrived — showcasing his talents in a creative and multifaceted offense. His contributions have helped propel the 49ers to deep playoff runs and have made him a vital part of their title aspirations.
The recent social media buzz suggesting McCaffrey rejected multiple offers to return to the Panthers in favor of a blockbuster contract appears to be unfounded. No credible source has reported such a deal, and given McCaffrey’s recent extension and success with the 49ers, a sudden trade would be highly improbable from both a financial and football standpoint. McCaffrey has expressed satisfaction with his role in San Francisco, and the organization has shown no interest in parting ways with one of its most valuable players.
For Carolina, a McCaffrey reunion might be an appealing idea, especially for fans longing for the excitement he once brought to Bank of America Stadium. However, the team is still in a transitional phase, working with young talent and under new leadership. Acquiring a high-salary veteran like McCaffrey would require major adjustments to their roster and salary cap — moves that don’t align with a long-term rebuilding strategy.
In summary, Christian McCaffrey is still with the San Francisco 49ers and under contract through 2027. The reports of a return to Carolina on a $136.5 million deal are not supported by facts and should be regarded with skepticism unless confirmed by reliable sources
