So reports are Washington is paying his whole $17.5m salary.
That makes just getting back a 5th make sense.
What I don’t get is already converted most of his base to bonus last year and OTC and Spotrac were showing his base was near league minimum. This was why both of those sites showed a $31m cap hit to trade him now because it pushed all that bonus money they paid out already to be on the cap. I usually have a good handle on contracts, though the option bonus have caused me a little confusion but still can’t figure out how his pay this year is that high. Some info seems off on those sites
His compensation in 2025 is:
- Salary - $1.17M
- Roster bonus per game in 2025 - $750K
- Option bonus due on 3/22/2025 - $15.4M
- Workout bonus - $200K
- Total compensation - $17.52M
The option bonus could be spread out over 5 seasons, which today would mean 4 void years (2026-2029), but they don't have to do that. They could just make it a 2025 non-prorated bonus or convert to salary. It also seems that they could decide to sign him to an extension and rework the contract terms and 2025 cap hit if they so desire.
The 49ers dead cap hit to trade him is:
- $4.807M x 2 for his remaining prorated signing bonus
- $1.843M x 3 for the remaining prorated 2023 option bonus
- Total dead cap - 15.143M
The sites that are showing a $31M cap hit to trade him must have been assuming the trade would occur after 3/22/2025, and thus assuming SF would be on the hook for the 2025 option bonus. I'm sure that deadline was a motivating factor for SF to get this done.