The ECB has ordered the closure of the European branch of Russia’s Sberbank, the Austrian FMA announced

The logo of the Russian bank Sberbank Europe AG is visible at their headquarters in Vienna, Austria, February 28, 2022. REUTERS / Leonhard Foeger

VIENNA / SARAJEVO, March 1 – Sberbank’s European arm (SBER.MM), Russia’s largest lender, has been shut down by order of the European Central Bank, which has warned it is facing failure due to leaking deposits after Russia. invaded Ukraine, the Austrian Financial Markets Service said.

The European Central Bank’s Single Restructuring Board (SRB) ruled earlier this week that Sberbank Europe, based in Vienna, has failed or is likely to fail. This prompted the Austrian FMA on Monday to impose a moratorium on the bank’s operations.

The FMA’s announcement late Tuesday that it was ordering the bank to close came just over an hour before the moratorium expired.

“By order of the European Central Bank (ECB), the Austrian Financial Markets Authority (FMA) today issued a decision prohibiting the licensed credit institution Sberbank Europe AG … from continuing to operate in their entirety with immediate effect,” the FMA said in a statement. statement at 22:45 (21:45 GMT). Read more

The European Union and the United States have responded to Russia’s invasion of Ukraine with a series of sanctions, including a ban on major Russian banks from SWIFT, the main global payment system.

As a result, Sberbank Europe said on Monday that several of its banks had “suffered a significant outflow of customer deposits in a very short period of time”.

The SRB has ordered a moratorium to determine whether the case should be dealt with under European rules on bank restructuring and decided it should not, the FMA said.

The FMA said it had appointed an administrator to determine if and when the insolvency criteria were met. Meanwhile, the closure triggered Austria’s deposit guarantee scheme, which covers deposits of up to 100,000 euros ($ 111,240) per customer, the FMA said.

The central banks of Slovenia and Croatia have announced that Sberbank’s operations in their countries will be taken over by Slovenia’s largest banking group, NLB, and the Croatian Post Bank (HPB), which is the majority owner of the government.

Customers will be able to withdraw money as usual from Wednesday after the restrictions for the last two days.

Sberbank Europe said in November that it had reached a deal to sell its subsidiaries in Croatia, Slovenia, Hungary, Serbia and Bosnia and Herzegovina to a group that includes Serbia’s AIK Bank and Slovenia’s Gorenjska Bank.

Serbian regulators agreed on Monday, but Gorenjska said it was no longer viable to proceed with the acquisition of the Slovenian subsidiary.

Sarajevo-based ASA Banka has acquired Sberbank Sarajevo, the banking agency of the Bosnian Croat Federation announced late Tuesday, while the government of the Republic of Serbia acquired Sberbank Banja Luka on Monday.

(1 dollar = 0.8990 euros)

Report by Francois Murphy; Additional reports by Kirsten Donovan in London; Edited by Leslie Adler, Kirsten Donovan

Our standards: ‘ principles of trust.

The ECB has ordered the closure of the European branch of Russia’s Sberbank, the Austrian FMA announced Read More »

Maxim Chmerkovsky also left Ukraine for Poland after a 23-hour train journey: “I’m not well”

“Guys, I’m fine.”

This was the initial video message from Maxim Chmerkovsky, after the famous dancer and TV presenter spent several days in bomb shelters in Kyiv during the Russian invasion of Ukraine.

But he posted the video with another message:

“I am in Warsaw. I’m at the hotel. I’m not well.”

After staying awake for 36 hours, including about 23 hours on a train from Ukraine to Poland, the Ukrainian American Star Dance Champion turned to his 1.1 million followers on Instagram, where he posted regular updates throughout anxious conflict.

“I’m scared, I’m confused, I’m horrified,” he said in the video. “I’ve just been through some nonsense that will require a lot of therapy.”

Chmerkowski, 42, who lives in Malibu, California and co-owns the Dance with Me dance studios in Glen Rock and Fort Lee – a place he calls home – recorded the video around 9pm Polish time from the safety of a hotel in Warsaw. .

He said he felt guilty for taking a seat on the crowded train, but thanked friends for helping and agreeing to pick him up after traveling from Kyiv.

“I am grateful for the support I saw along the way,” he said, praising the actions of the Poles.

But he kept his focus on those who remain in Ukraine.

“The war is just heating up,” he said. “I keep seeing reports and they will get worse.”

Chmerkovski said it was important to share photos of the war, no matter how scary.

“It has to come out,” he said. “We have become so sterile with the way we receive the news. “Oh, that’s very clear.” Oh, I can’t believe they showed it on TV. Well, I can’t believe you see this on the street. I can’t believe that the people passing by today, a few hours ago, were hit by a rocket and that burned the whole family to the ground. Mother, father and two children. I have this video and I have this image in my head as something that also happened. It’s so close and it’s so real. “

Chmerkovski has a 5-year-old son, Shai, with his wife, Dancing with the Stars partner Peta Murgatroyd, who just a few days ago begged people to pray for her husband’s safe return.

In his social media posts, Chmerkovsky rallied against Russian disinformation as he shared scenes across the country of the devastation and devastation caused by the invasion.

He called Russia’s approach a “fundamentally wrong way to govern people through the use of propaganda (lies) and fear … I’ve been there, done this … emigrated.”

The video contains slight curses

Chmerkovsky was born in Odessa, Ukraine, and came to New York in 1994 with his family, including his brother, fellow Dancing with the Stars champion Valentin Chmerkovsky. He said watching Russian forces fight Ukraine made him feel like he was back in high school in Brooklyn, watching “a small child beaten by a big child”.

“We all pass, we think it’s wrong, but we can’t just jump and that’s the reality of life. And this is because we are also afraid of the big child. We don’t want to be punched in the face. “

He called on the Russians to oppose the official line of conflict and called on those around them to support Ukraine – “You must join,” he said. “It’s a common situation.”

Chmerkovsky was in his home country (he was born there when he was part of the Soviet Union) months before the Russian invasion. He was there to film the Ukrainian version of the TV series World of Dance, and was also a judge on last year’s Ukrainian Dancing with the Stars (Ukrainian president). President Vladimir Zelenski was a contestant in 2006). He said his experience allowed him to reconnect with the land in which he was born after being uprooted as a teenager.

He had just returned to Ukraine from a brief visit to his home in Malibu when Russia invaded. Chmerkovsky said his sources in Ukraine do not believe tensions will escalate to the point of war.

Russian President Vladimir Putin, he said, is “crazy,” a “maniac” trying to build an empire “based on old traditions … we no longer live in this world.”

“He doesn’t think about a man,” Cmerkowski said. “He thinks very differently.”

He said he remained convinced that Ukraine would be able to stand up to Russia and Putin with the help of a united global front.

Thank you for relying on us to provide a journalism you can trust. Please consider support NJ.com with subscription.

You can find Amy Kuperinski at [email protected] and followed in @AmyKup on Twitter.

Maxim Chmerkovsky also left Ukraine for Poland after a 23-hour train journey: “I’m not well” Read More »

The Warriors’ incoherence is shown in the loss to the Timberwolves, says coach Steve Kerr

MINEAPOLIS – After ordering their worst period of the season in February, the Golden State Warriors were looking to turn the page when they left the All Star holiday and the calendar turned to March.

But instead it was more the same – perhaps even worse – as they allowed the Minnesota Timberwolves to score the most points from an opponent this season on their way to a 129-114 loss.

The Warriors have lost three of their last four games and are just halfway ahead of the Memphis Grizzlies for second place in the Western Conference standings.

But unlike the Warriors’ other two losses – the Denver Nuggets and the Dallas Mavericks – their loss to the Timberwolves lacked every bit of cohesion and struggle.

“It was the first time I felt there was a breakdown in our relationship and that should be the exception rather than the rule,” said Warriors coach Steve Kerr. “So that’s the most important thing for me to look forward to.”

After reviewing the Warriors’ game against Denver and Dallas, Kerr said he liked the way his team played until the fourth quarter of both games.

According to him, the defense was good, but the most important thing is that Golden State plays with the energy that helps them develop. But all this was missing in Minneapolis on Tuesday.

“[I saw it] everywhere, “Kerr said of how the lack of connectivity manifested itself against the Timberwolves.” It’s not just a tangible thing, it’s just a feeling and energy – a collective spirit. I didn’t like the energy or the spirit tonight. “

While Kerr says his team’s disunity is not a tangible, black-and-white concept, Stephen Curry, who led the Warriors by 34 points, believes a very real thing can be traced.

“We have a lot of different rotations and lineups and we’re trying to make adjustments on the go,” Curry said. “We need to be more in sync as a team of five.

The Warriors have been without Draymond Green for 24 games, including the 7 seconds he played on Jan. 9 when Clay Thompson returned. Thompson, meanwhile, has not been a regular player for the Warriors due to the limited minutes and lack of play at one end of consecutive games. Andre Iguodala has missed 15 of his last sixteen games.

Moses Moody, who started on Thompson’s place on Tuesday, left the game in the second quarter due to a left eye injury, which Kerr said was “swollen closed”.

This led to a liquid starting lineup and rotation, forbidding the Warriors from building any real chemistry. It also left them without two of the players with the highest IQ.

“We had a lot of stirring,” Curry said. “This is not an excuse for the way we play, but we are built as a full team. And until we achieve that, I’m not sure we’ll see our full ceiling, but we need to do the little things in the meantime to continue to build trust. “

Thompson, who missed the last two games due to a general illness, is expected to rejoin the Dallas team and may be active against the Mavericks on Thursday.

Green will also join the team, although there is still no schedule for his return from a back injury. Iguodala is already with the team, but is not expected to play.

The Warriors are trying to take a big picture approach as they try to get out of their funk. They are trying to see the silver line of their young players, such as Jonathan Cumming and Moody, to get more playing time. They highlight the work Kevan Looney has done as the only truly great man available to them. They know the season is long.

“I’m just trying to be patient about where we are this season and what we’re trying to do in a month and a half,” Curry said.

“We just have to make sure that when we have a night like tonight, in which we scatter a little, we have to work to get back to the home base and remember what the goal is,” Kerr said.

But the space for mistakes is shrinking quickly and the Warriors realize that this is the section that should prepare them for their playoff series. So, adjustments need to be made now and they can’t wait to solve all their problems until they get a complete list.

The Warriors’ incoherence is shown in the loss to the Timberwolves, says coach Steve Kerr Read More »

At least 136 people, including 13 children, have died in the Russian invasion of Ukraine so far

While Russia continues its invasion of Ukrainethe stories and photographs of those killed began to show the human victims of the war.

Ukraine’s interior minister said 352 civilians were killed and more than 1,600 wounded last Sunday, just four days after the invasion began.

UN High Commissioner for Human Rights Liz Trossel said they had managed to “cross-check” only 136 people, including 13 children, but acknowledged that the death toll “is likely to be much higher”.

Trosel added that another 400 people – including 26 children – had been injured in the fighting.

She blames much of the deaths on the use of explosives with wide areas of impact and heavy artillery shelling, as well as missile systems with multiple launches and air strikes.

Evgeny Malishev, a 19-year-old Ukrainian biathlete, has been pronounced dead in a battle in Kharkiv

Evgeny Malishev, a 19-year-old Ukrainian biathlete, has been pronounced dead in a battle in Kharkiv

Six-year-old Sofia, the daughter of police officer Oleg Fedko, was killed along with her mother and her weekly brother in an attempt to escape.

Six-year-old Sofia, the daughter of police officer Oleg Fedko, was killed along with her mother and her weekly brother in an attempt to escape.

Marina Kalabina, an anesthesiologist in the Kiev region, died in the shelling of Russian troops, which Trosel mentioned

Marina Kalabina, an anesthesiologist in the Kiev region, died in the shelling of Russian troops, which Trosel mentioned

Police officers Oleg's parents, Fedko Oleg and Anna, were also killed in the attack

Police officers Oleg’s parents, Fedko Oleg and Anna, were also killed in the attack

10-year-old Polina was on display as one of the first victims of the invasion.  She and her parents were shot dead by a Russian sabotage intelligence group that opened fire on their family car, Kyiv Deputy Mayor Vladimir Bondarenko said.

10-year-old Polina was on display as one of the first victims of the invasion. She and her parents were shot dead by a Russian sabotage intelligence group that opened fire on their family car, Kyiv Deputy Mayor Vladimir Bondarenko said.

Reports began to emerge identifying some of those killed as the invasion drew its second week.

Evgeny Malishev, a 19-year-old Ukrainian biathlete, was killed in a battle in Kharkiv. He according to reports left the national team two years ago to join the armed forces.

Marina Kalabina, an anesthesiologist in the Kiev region, died in the shelling of Russian troops, which Trosel mentions.

A Ukrainian police officer named Oleg Fedko lost five members of his own family in a Russian movement from Crimea, according to Sky News.

Fedko’s family – including a 6-year-old daughter named Sofia, a baby named Ivan, his wife Irina, father Oleg and mother Anna – were all killed.

The family was trying to escape in a pair of cars when the attacks were against them on the outskirts of Kherson, according to Ukrainian news outlet.

A 10-year-old girl named Polina was shot while trying to escape with her family, according to iNewsas her younger brother and sister were so badly injured that they had to be taken to the intensive care unit.

She and her parents were fatally shot dead by a Russian intelligence group that opened fire on their car, according to Kyiv Deputy Mayor Vladimir Bondarenko, who shared a photo of her as one of the first victims of the invasion.

Among the dead was a 6-year-old child found in his pajamas in a unicorn with her mother covered in blood.

Israeli DJ Roman Brodsky was killed in a misguided identity at a Ukrainian checkpoint, believing he was a Chechen.  His father is still blaming

Israeli DJ Roman Brodsky was killed in a misguided identity at a Ukrainian checkpoint, believing he was a Chechen. His father still blames “dictator” Putin

Doctors resuscitate a girl in the city hospital in Mariupol who was injured in a shooting

Doctors resuscitate a girl in the city hospital in Mariupol who was injured in a shooting

A woman reacts while paramedics perform CPR on a girl injured in a shelling at a city hospital in Mariupol, eastern Ukraine, Sunday, February 27, 2022. The girl did not survive

A woman reacts while paramedics perform CPR on a girl injured in a shelling at a city hospital in Mariupol, eastern Ukraine, Sunday, February 27, 2022. The girl did not survive

Medical workers prepare to operate on people injured in shelling in a residential area, in a maternity hospital converted into a medical ward in Mariupol

Medical workers prepare to operate on people injured in shelling in a residential area, in a maternity hospital converted into a medical ward in Mariupol

In Okhtyrka, 7-year-old Alice Hlans was one of six children in kindergarten who were killed in an attack on her school last Friday.

Roman Brodsky, an Israeli DJ, was killed by Ukrainian troops in a misidentification, but his family still blames Putin, the man they call a “dictator.”

Brodsky, a father of two, was trying to travel to Moldova to escape back to Israel.

His father said, “They thought he was a Chechen or something,” and opened fire by mistake.

Russia’s escalating attacks on Ukraine’s populated urban areas have left ruins and debris in streets and squares as the invasion has claimed new lives across the country. The central square in Ukraine’s second-largest city was hit by what was thought to be a rocket, leaving the massive area littered with debris.

Hospitals competed to treat the victims of the bombings, even as mothers and children took refuge in their basements. As fighting raged in Ukraine, the death toll remained unclear.

At the border, frightened families said goodbye as women and children fled, and many men returned to fight. More than 675,000 people have fled to neighboring countries since the Russian invasion began, a number that will only increase, according to the UN refugee agency.

Cancer patients hold sheets of paper with the words "Stop the war" in a basement used as a bomb shelter at the Ohmadet Children's Hospital in central Kyiv

Cancer patients hold sheets of paper marked “Stop the War” in a basement used as a bomb shelter at the Ohmadet Children’s Hospital in downtown Kyiv

An oncology patient rests on a coach next to his mother

An oncology patient rests on a coach next to his mother

Medical teams of the Emergency Service moved a stretcher with a man wounded by the shelling in the residential area

Medical teams of the Emergency Service moved a stretcher with a man wounded by the shelling in the residential area

At least 136 people, including 13 children, have died in the Russian invasion of Ukraine so far Read More »

RUSSIA-UKRAINE LIVE: Paratroopers land in Kharkiv after shelling

54843303 0 image a 8 1646206002051

RUSSIA-UKRAINE LIVE: Paratroopers land in Kharkiv after shelling to kill 21, Russian troops seize port of Kherson, eviction from Kyiv as 80% of Putin’s invading forces now in Ukraine

Russian paratroopers landed in Kharkiv today as the armed forces captured the southern city of Kherson and Ukrainians desperately tried to flee Kyiv.

Concerns are growing that Russia could step up bombing of the Ukrainian capital with a 40-mile convoy of tanks and other military vehicles stacked on its outskirts.

This comes after Ukrainian authorities said that Russian forces had shelled the TV tower in Kyiv and UkraineThe main Holocaust memorial in an attack that killed five people.

About 80 percent of Russia’s invading forces are said to be in Ukraine, with about 15,000 troops – an entire Russian army division – fighting against Kyiv.

Prime Minister Boris Johnson will brief lawmakers on talks with his allies in Eastern Europe today as the United Kingdom puts more pressure on Russia over its invasion of Ukraine.

But he denied that NATO was guarding a no-fly zone over Ukraine during his trip to visit allies, saying no launch of Russian planes from the sky was being considered.

The Foreign Office is expected to announce additional financial sanctions against Moscow banks and also ban all Russian-related ships from mooring in UK ports.

Joe Biden warned Russia that Vladimir Putin had “no idea what’s next”, accusing the president of “underestimating” Western allies and the Ukrainian people.

Follow the MailOnline live blog for all updates on the crisis in Ukraine today:

Advertising

RUSSIA-UKRAINE LIVE: Paratroopers land in Kharkiv after shelling Read More »

Why Air India’s CEO refused to work

nlmhjbk4 ilker ayci

Ilker Aiji was an adviser to Tayyip Erdogan in 1994, when the Turkish president was mayor of Istanbul.

New Delhi / Istanbul: Turkey’s Ilker Aiji said on Tuesday that he would not take on the role of chief executive of Tata Group’s Air India, days after announcing his appointment led to opposition in India over his previous political ties.

Tata last month (February 14th) announced the appointment of Ayci as CEO of the former state-owned Air India after taking on the debt-ridden airline in January in a $ 2.4 billion shareholding and debt deal.

But last week, Rashtriya Svayamsevak Sangh (RSS), the BJP’s ideological mentor, called on the government to block Aichi’s appointment, citing his previous political ties to Turkey, which have strained relations with New Delhi.

Aiji, a former chairman of Turkish Airlines, was an adviser to Tayyip Erdogan in 1994, when the Turkish president was mayor of Istanbul.

Aichi said in a statement that at a recent meeting with Tata President N Chandrasekaran, he refused to take office after reading about attempts to “color my appointment with unwanted colors” in some parts of the Indian media.

“As a business leader who has always given priority to the professional credo … I have come to the conclusion that it would not be a feasible or respectable decision to take a position in the shadow of such a story,” Aichi said.

A spokesman for the Indian Tata confirmed the development without giving further details.

The move comes as a setback for India’s Tata, which will have to resume its search for a CEO to reverse the losing carrier. Although the airline has lucrative landing slots, each new boss faces the difficult task of upgrading Air India’s aging fleet and changing its financial and service levels.

The appointment of a foreign national as the CEO of an airline in India requires permission from the government before it can continue.

A government source told Reuters last week that India was conducting tougher than usual checks in the case of Ayci and Air India, as security agencies expressed concerns about its ties to Turkey.

Why Air India’s CEO refused to work Read More »

Futurama brings back longtime voice actor Bender John DiMaggio

After nearly a month of controversy known to fans as #Bendergate, voice actor John DiMaggio has officially returned to voice Bender in Hulu’s Futurama revival.

Fans rose when the 53-year-old actor was not among the original cast members announced for a revival in early February, and later revealed that he believed he and the rest of the cast deserved higher pay.

The voice actor later revealed that he believes that he and the rest of the cast deserve to be paid more, but now an agreement has been reached and DiMaggio joins the cast, thanking the fans in a statement (via Variety).

He's back: After nearly a month of controversy known to fans as #Bendergate, voice actor John DiMaggio is officially back to voice Bender in Hulu's Futurama revival

He’s back: After nearly a month of controversy known to fans as #Bendergate, voice actor John DiMaggio is officially back to voice Bender in Hulu’s Futurama revival

Bendergate: Fans were picked up when the 53-year-old actor was not among the original cast members announced for a revival in early February, and later revealed that he believes he and the rest of the cast deserve higher pay

Bendergate: Fans were picked up when the 53-year-old actor was not among the original cast members announced for a revival in early February, and later revealed that he believes he and the rest of the cast deserve higher pay

Statement: The voice actor later revealed that he believes that he and the rest of the cast deserve to be paid more, but now an agreement has been reached and DiMaggio joins the cast, thanking the fans in a statement. (via Variety)

Statement: The voice actor later revealed that he believes that he and the rest of the cast deserve to be paid more, but now an agreement has been reached and DiMaggio joins the cast, thanking the fans in a statement. (via Variety)

‘I’M BACK, DEAR! “I’m so damn grateful for the love and support of both the fans and my colleagues all this time (especially my wife Kate) and I can’t wait to get back to work with my family from Futurama,” Di Maggio began.

– #Bendergate is officially over, so put it on the back of a shelf behind Christmas decorations, or maybe in that kitchen drawer with all the other crap you put in there like old useless crazy glue, or maybe even put it in a jar saving you farts – he continued.

“I don’t care what floats in your boat, you know. I’M BACK, DEAR! GIVE ME THE GLOSSY METAL A **! ‘ he concluded, using one of Bender’s iconic phrases.

John and Kate:

John and Kate: “I’m back, BABY! “I’m so damn grateful for the love and support of both fans and colleagues all this time (especially my wife Kate) and I can’t wait to get back to work with my family from Futurama,” Di Maggio began.

Futurama debuted on Fox in 1999, an animated series by The Simpsons creator Matt Groening and David X. Cohen, who followed the crew of a 31st century supply company.

The show aired four Fox seasons from 1999 to 2003, before being canceled, later resumed with a series of four live DVDs released between November 2007 and February 2009.

The popularity of these films – all involving the entire original cast – led Comedy Central to launch the show for four more seasons from 2010 to 2013.

Debut: Futurama debuted on Fox in 1999, an animated series by Simpson creator Matt Groening and David X. Cohen, who followed the crew of a 31st century delivery company

Debut: Futurama debuted on Fox in 1999, an animated series by Simpson creator Matt Groening and David X. Cohen, who followed the crew of a 31st century delivery company

The show stars Billy West as Philip J. Fry, a man who accidentally froze in 1999 and thawed in 2999, Katie Sagal as the one-eyed alien Lila, Tress McNeill as the computerized mother, Maurice LaMarche as Keef Crocker, Lauren Tom as Amy Wong, Phil Lamar as Hermes Conrad and David Herman as Scruffy, with most of the actors expressing several other characters.

Futurama co-author Matt Groening added: “From the moment John DiMaggio auditioned last century, we knew we had our Bender. So congratulations to everyone at Futurama. We’re all back, honey!

David X. Cohen added: “John DiMaggio may be a great robot, but he is also a great man. Not many people or machines can say that.

Bender is back: Futurama co-author Matt Groening added:

Bender is back: Futurama co-author Matt Groening added: “From the moment John DiMaggio auditioned for the last century, we knew we had our Bender. So congratulations to everyone at Futurama. We’re all back, honey!

“For the fourth time, it’s a thrill that happens once in a lifetime to come back with all our original cast and phenomenal animators from Rough Draft Studios!” He added.

Hulu announced the revival in early February, ordering 20 episodes that will premiere in 2023.

Production is said to begin in February, although it is unclear whether production began without DiMaggio.

Production: Production is said to begin in February, although it is unclear whether production began without DiMaggio

Production: Production is said to begin in February, although it is unclear whether production began without DiMaggio

Futurama brings back longtime voice actor Bender John DiMaggio Read More »

49ers QB Jimmy Garopolo will undergo shoulder surgery, will not shed 16 weeks

The San Francisco 49ers are expected to replace quarterback Jimmy Garopolo at some point in the near future. Before that, QB will go under the knife.

Jimmy G will have surgery to repair a torn capsule in his throwing arm next week, the NFL Network’s Ian Rapoport Insider reported.

Shoulder rehabilitation will prevent Garopolo from throwing for 16 weeks, meaning he will miss OTAs and minicamp, but the 49ers’ QB should be able to throw by the end of June in the belief that he will be ready for the season , according to Rapoport.

The latest decline will now require not only accurate medical information to materialize the deal, but also a leap of faith from an interested suitor, Rapoport added.

Garopolo, who suffered a wild card injury over the Cowboys, said during the Niners’ post-season run that he could feel the injury when he tried to throw in his last two playoff games. QB also dealt with an injury to his right thumb that did not require surgery.

Garopolo is set to receive a base salary of $ 24.2 million this season, none of which is guaranteed. After the Niners drafted Trey Lance last year, San Francisco plans to hand over the reins to the young caller in 2022 and transfer Garopolo to one of several NFL clubs looking for a QB veteran.

While shoulder surgery may not affect Jimmy G’s availability for the start of the season, it is likely to affect its commercial value. This is the latest indicator of the injury problems that QB has dealt with during his stay in San Francisco – he has missed 25 games from the regular season in the last four seasons.

49ers QB Jimmy Garopolo will undergo shoulder surgery, will not shed 16 weeks Read More »