The San Francisco 49ers decided to cut bait with their disappointing 2012 first round draft pick, and brought on another disappointing draft pick in wide receiver Jon Baldwin. It remains to be seen if either will pan out in the NFL, but Trent Baalke spoke about the chance for both players to get a fresh start.
For now though, one important issue is the salary cap ramifications. Trades rarely happen in the NFL because the salary cap hits can be a problem. Fortunately, this deal involved players on rookie contracts after the imposition of the rookie salary cap.
Jason from Over the Cap put together a solid, quick rundown of the salary cap implications. According to Jason, the 49ers will have dead money charges from Jenkins of $873,187 in 2013 and $1,746,374 in 2014. They remove Jenkins' $705,797 in 2013 base salary, and will no longer have to pay him the $1,727,391 in salary and any bonuses they would have otherwise owed him.
In adding Baldwin, the 49ers will take on his $1,061,510 base salary in 2013, which is guaranteed. Beyond that, in 2014, Baldwin is owed $1,274,765 with a total cap charge of $1,404,765. The important thing to note is that none of the 2014 money is guaranteed. The 49ers have a lot of salary cap question marks in 2014 and beyond, so this creates some flexibility in that regard.