The San Francisco 49ers reportedly restructured Deebo Samuel’s contract earlier this week to save north of $16 million in cap space for 2024. Over the Cap has the updated details, so let’s go through those.
Deebo’s initial cap hit in 2024 was set to be $28.63 million. That number was more than halved, as it’s now $12.26 million. As we guessed, Samuel’s salary was converted into a signing bonus. It’s a creative workaround to manipulate the salary cap in the present year. By doing this, the 49ers saw Samuel’s base salary plummet from just under $21 million to $1.