NFL rumors: 49ers restructure Fred Warner’s contract, save $9.5M in cap space

49ers

Report: 49ers restructure Warner's contract, save $9.5M

/ by Taylor Wirth

49ers

The 49ers cleared up some much-needed salary cap space on Tuesday.

ESPN's Field Yates reported, citing a source, that San Francisco restructured linebacker Fred Warner's contract, creating $9.5 million in salary cap space.

The 49ers restructured the contract of LB Fred Warner, creating $9.5M in cap space, per source.

More flexibility for San Francisco.
— Field Yates (@FieldYates) March 15, 2023

The Athletic's David Lombardi provided further details on Warner's restructure.

Fred Warner restructure details...

-All but vet min ($1.08m) of $12.9m 2023 base salary converted to signing bonus

-Void year added in 2027 to maximize proration runway

-2023 cap hit reduced fro $18.5m to $9m

-49ers now completely locked into Warner through at least 2024
— David Lombardi (@LombardiHimself) March 15, 2023

In addition to the restructuring of cornerback Charvarius Ward's contract, the 49ers created nearly $20 million in cap space with the two moves.

#49ers restructured CB Charvarius Wardâs contract, converting $12.48 million of his salary into signing bonus and adding three void years. The move created just under $10 million in cap space.

Space needed after recent moves.
— Nick Wagoner (@nwagoner) March 14, 2023

Warner initially signed a five-year, $95 million contract with San Francisco prior to the 2021 season and was set to count for $18.525 million against the 49ers' cap in 2023 before the restructuring.

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The move helped the 49ers get further under the NFL's $224.8 million salary cap by the start of the new league year on Wednesday at 1 p.m. PT.

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