Goodwin deal creates $1.85 million in cap space
Gantt recently pointed out that 49ers center Jonathan Goodwin reduced his salary from $3.7 million to $2.5 million. But he created even more than $1.2 million in cap space for the team.
Per a source with knowledge of the deal, Goodwin also gave up $665,000 in so-called “likely to be earned” incentives, which while not vested nevertheless counted against the cap.
As a result, Goodwin’s cap number of $5.016 million has dropped to $3.166 million, creating $1.85 million in cap space.
In exchange for giving up $1.85 million in potential earnings this year, $1 million of Goodwin’s base salary is now fully guaranteed.
In 2011, Goodwin signed a three-year deal with a $2 million signing bonus and $4 million guaranteed. The new deal was signed on May 23.