Jordan Love Takes Center Stage as 49ers Restructure Contracts for Cap Relief
Jordan Love and the 49ers' Financial Maneuvering
Early Tuesday morning, ESPN's Field Yates reported a significant development for the San Francisco 49ers. The team created $5.43 million in cap space by restructuring defensive tackle Maliek Collins' contract. However, the bigger news came when the 49ers restructured wide receiver Deebo Samuel's contract, leading to a whopping $16.4 million in cap space.
The Mechanics of the Restructure
If Samuel's restructure resembles others, this likely involved converting his base salary into a signing bonus, setting the stage for enhanced flexibility in 2024. With a base salary of $20.97 million scheduled for that season, it's clear why this strategy was employed.
Cap Space Context
Before these moves, the Niners boasted $49.5 million in cap space, the second-most in the NFL. Notably, Trent Williams' extension and these restructures won't be included in that total. Assuming an estimated $15 million in projected cap space due to William's extension, the 49ers appear poised for further flexibility moving into the 2025 season.
Looking Ahead
This newfound cap space is advantageous, considering Brock Purdy is on the horizon for an extension. Nevertheless, the Niners must navigate the potential hurdle of approaching $48 million in projected negative team cap space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.