Deebo Samuel's Salary Experiences Dramatic Reduction Following Restructure
Deebo Samuel's Contract Restructure Explained
Recently, the San Francisco 49ers made headlines as they restructured Deebo Samuel's contract, a move aimed at freeing up substantial cap space. Initially, Samuel's cap hit for 2024 was a staggering $28.63 million.
Now, following the adjustment, it has plummeted to just $12.26 million. This was achieved by converting Samuel’s salary into a signing bonus, a clever tactic to maneuver the salary cap more effectively.
Financial Breakdown of Deebo Samuel's New Salary
- Base salary reduced from nearly $21 million to $1.125 million.
- Guaranteed money through his contract is effectively paid out.
- For 2024, Samuel’s new base salary is $1.25 million with an $8.9 million signing bonus.
Moreover, Samuel is eligible for a $500,000 bonus depending on his rushing performance, classified as an NLTBE, meaning it won't impact the current cap but will transition to the 2025 cap.
Future Prospects for Deebo Samuel's Contract
Looking ahead, Samuel's 2025 base salary will stand at $1.17 million, also incorporating similar bonuses. Previously set at $16.6 million, his drop emphasizes the 49ers' strategy of utilizing ghost years to manage the salary cap effectively.
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.