49ers create cap space with Kittle, Williams contract restructures
49ers create cap space with Kittle, Williams contract restructures originally appeared on NBC Sports Bay Area
The 49ers created some much-needed salary-cap space after handing out the largest contract in franchise history on Wednesday.
San Francisco agreed to a massive five-year, $170 million contract extension with star defensive end Nick Bosa after the pass rusher's 44-day holdout from training camp and the preseason.
The 49ers then cleared $23.22 million in salary cap space by restructuring tight end George Kittle and left tackle Trent Williams' contracts.
Effective today at 4 PM ET, the NFL's Top 51 cap space rule went away for the season.
Many teams created cap space through contract restructures:
49ers George Kittle/Trent Williams: $23.224M
Ravens Marlon Humphrey: $7.536M
Seahawks Jamal Adams: $6.613M
Bucs: Shaq Barrett:…— Field Yates (@FieldYates) September 6, 2023
The 49ers converted $10.57 million of Kittle's 2023 base salary into a signing bonus, clearing $8.45 million in cap space while adding one void year. $18.23 million of Williams' 2023 base salary was converted into a signing bonus, which cleared up $14.58 million in cap space while adding one void year.
The #49ers converted $10.57M of George Kittle's 2023 base salary into signing bonus, adding 1 void year, clearing $8.456M of cap this season.
New Cap Hits
2023: $9.5M
2024: $21.9M
2025: $19.3M
2026: $6.02M (void)https://t.co/DK0d5gxXom— Spotrac (@spotrac) September 7, 2023
The #49ers converted $18.235M of Trent Williams' 2023 base salary into signing bonus, adding 1 void year, clearing $14.588M of cap this season.
New Cap Hits
2023: $12.5M
2024: $31.6M
2025: $34.1M
2026: $37.7M
2027: $3.6M (void)https://t.co/T65dS2qERe— Spotrac (@spotrac) September 7, 2023
Between signing bonuses for Nick Bosa ($50m), Trent Williams (~$18m) and George Kittle (~$10m), Jed York/49ers paid out nearly $80 million to key veterans today.
Teams can buy a significant degree of salary-cap sustainability since bonuses amortize. Cash is king in the NFL— David Lombardi (@LombardiHimself) September 7, 2023
The 49ers' salary cap for the 2023 NFL season currently sits at $178.77 million with approximately $24.6 million in cap space, which gives the team plenty of room to make an in-season move or two if needed.
Despite having multiple top-of-the-market contracts on its books, San Francisco ranks 20th in active salary for this season, but currently has the seventh-highest salary cap ($257.41 million) in 2024 because of multiple backloaded contracts, even with the cap increasing to $256 million.
San Francisco almost certainly will have a difficult time navigating the salary cap in the years to come, but without a doubt is glad to have the reigning NFL Defensive Player of the Year under contract for the next five seasons.
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