49ers salary cap: Mario Manningham restructures contract

Fooch's Note: Per Maiocco, the new contract removes a $250,000 roster bonus and a $100,000 workout bonus and incentives.

While the 49ers have some cap space they are close enough that a little extra room could do them some good. Accordingly, they appear to have made a move to clear up some space. According to our man Jason Hurley, it appears Mario Manningham has reduced his 2013 base salary from $3.6 million to $1.8 million. Manningham is entering the final year of his contract, so this likely means a chunk of it was moved into some kind of incentives that could be unlikely to be earned.

Mario Manningham put together a solid 2012 campaign before busting up his knee late in the season. Reports have indicated Manningham is likely to miss most of training camp. It would not surprise me to see him on the PUP list early on in training camp. This did not guarantee any sort of cut, but with a cap figure just under $5 million, it made sense for the two sides to work out a deal. Also, slot receivers are not exactly breaking the bank this offseason. If Manningham did not want to restructure his deal and the 49ers elected to release him, the market is not exactly fantastic for him.

For now, it appears Manningham will be back in 2013, along with the suddenly deeper wide receiver corps. It will feature Manningham, Michael Crabtree, Anquan Boldin, Kyle Williams and A.J. Jenkins. Although Jenkins is sitting in the fifth spot, Manningham's injury could provide him with an opportunity to make some kind of name for himself. He'll get some more snaps in training camp while Manningham recovers. We'll see if Jenkins can make something of those.