The San Francisco 49ers have been very active this offseason, searching for ways to clear some cap space while still keeping all of the integral pieces around. The club had restructured wide receiver Deebo Samuel’s contract recently, freeing up a substantial amount of cap space. Let’s take a closer look at the breaking news and what it could mean moving forward for the team.
Franchising the Big Move
In many ways, it made sense-attaching a $21 million base salary to Samuel as a signing bonus. The move drastically shaved down his cap hit from $28.6 million to $12.2 million, freeing up about $16.4 million. This has been a big offseason of juggling multiple major contracts for the 49ers.
This restructure frees up cap space. They’ve signed other key players in recent times like Brandon Aiyuk and Trent Williams, and were looking to fit them under their cap. This restructuring gives them some financial leverage while retaining star players.
The 49ers have been busy. Recently, they inked Brandon Aiyuk to a fat four-year, $120 million contract. Additionally, they restructured Trent Williams’ deal at three years and $82.6 million with $48 million guaranteed. With those major financial commitments, the San Francisco 49ers had to get creative regarding cap space.
San Francisco 49ers Flexibility Boosted Samuel
That restructuring gives the San Francisco 49ers a little more flexibility. Before this restructuring of Samuel’s contract, the 49ers had more than $51 million in cap space. Some of that will likely roll over into next season, which is crucial when it comes time to negotiate a potentially lucrative contract extension for quarterback Brock Purdy.
Deebo Samuel has been perhaps the most important skill player for the San Francisco 49ers over his five seasons, and in just last year alone, he gathered 60 receptions for 892 yards and seven touchdowns, along with five rushing touchdowns on 37 carries. Samuel possesses the skillset that comprises a true Swiss Army knife and is desperately needed to help make plays for the offense.
The restructured deal will not only help financially but will also be strong in long-term planning for the team. The financial breathing room afforded can be used by the San Francisco 49ers to build up and flesh out their roster, making any necessary adjustments throughout the season.
Conclusion
The San Francisco 49ers have pulled off a very calculated move to restructure Deebo Samuel’s contract as they continue onward in space and retain some of their key talents. More than that, his base salary was converted to a signing bonus, saving them a bunch of cap space for remaining agile in their financial projects. This not only launches them into their current roster but also sets them up for the future, including the highly-expected contract extension for quarterback Brock Purdy. This restructuring will be followed closely as the weeks of the season progress to see how these financial decisions translate onto the field.
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