Skip navigation
Sign up to follow your favorites on all your devices.
Sign up

Inside the Fred Warner extension

Mike Florio breaks down Richard Sherman's legal situation and how the NFL's lack of clarity on paid leave for Sherman could be an issue for his return to football.

On Wednesday morning, the 49ers and linebacker Fred Warner worked out a new contract. On Wednesday afternoon, we got our eyes on the real numbers.

The five-year extension has a value of $95.225 million. Factoring in the value of the 17th game check, it works out to $19 million per year.

Here’s a full breakdown of the deal, based on information from a source with knowledge of the terms.

1. Signing bonus: $12.32 million.

2. 2021 base salary: $920,000, fully guaranteed at signing.

3. 2022 option bonus: $12.68 million, fully guaranteed at signing.

3. 2022 base salary $2.564 million, $1.58 million of which is fully guaranteed at signing. The rest becomes fully guaranteed early in the 2022 league year.

4. 2023 base salary: $12.925 million, $12.016 million of which becomes fully guaranteed early in the 2022 league year.

5. 2024 base salary: $15.3 million.

6. 2024 buyback bonus $3.6 million, which rescinds the voidable years of 2025 and 2026.

7. 2025 base salary (if void is rescinded): $17.65 million.

8. 2026 base salary (if void is rescinded): $17.65 million.

The deal also has $100,000 workout bonuses in 2022 through 2026, along with $500,000 46-man roster bonuses in years 2022 through 2026.

The deal has $27.5 million fully guaranteed at signing, with another $13.5 million that becomes fully guaranteed at the start of the 2022 league year. (To avoid the $40.5 million guarantee, the 49ers would have to cut Warner after one year, at a total obligation of $27.5 million.)

If the 49ers don’t exercise the buyback of the two voidable years, it becomes a three-year, $18.375 million deal, $40.5 million of which is guaranteed. If the 49ers exercise the buyback, it’s a five-year, $19 million extension.

Warner’s contract slides ahead of Seahawks linebacker Bobby Warner, who had $40.25 million guaranteed and an average salary of $18 million per year.