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49ers salary cap space following initial 53-man roster cut

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The 49ers cut down to 53 players on Saturday. The Week 1 roster is not yet set, but in the meantime, here’s the salary cap situation.

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The San Francisco 49ers made their required roster moves to get down 53 players on Saturday, making 17 roster moves on Friday and 18 more on Saturday. This is just their initial 53-man roster because of waivers on Sunday. The 49ers hold the No. 2 waiver claim priority, which means they have a good chance of adding some of the best talent hitting the waiver wire. Waivers runs at 9 a.m. PT, so in the meantime, lets take a look at the 49ers salary cap for 2017 as of Saturday evening. This reflects the entire roster, and not just the top 51 salaries, as is the case in the offseason.

The 49ers made a few veteran cuts that were a bit surprising giving the money involved. They released wide receiver Jeremy Kerley, eating $1.8 million in salary cap room, and defensive tackle Quinton Dial, eating $1.4 million in cap room. In fact, the 49ers lost cap room by cutting Kerley. He had a $2,016,666 salary cap number for 2017, and now he will count $2,416,666 against the cap since he was due a guaranteed $700,000 in 2018. That accelerates onto the 2017 cap.

As of Sunday morning, the 49ers have 63 players signed, 10 of whom are on season ending injured reserve. The most notable of that ten is Joshua Garnett. The 49ers were considering whether he might return this season. Had they placed him on IR on Sunday, he could have returned this season. By doing it on Saturday, he is done for the year.

Speaking of that, the team opted to keep Ronald Blair III on the initial 53-man roster. John Lynch confirmed the team is likely going to place him on injured reserve. Doing it today provides the opportunity to return him during the season. That means there will be an extra roster spot to fill in the meantime.

The 49ers currently have approximately $67,130,803 in cap space. That before any potential injury settlements for Will Redmond and/or Prince Charles Iworah. The 49ers used the waived/injured designation on both of them as part of roster cuts. If they clear waivers, they revert to the 49ers IR list, and then the team can figure out an injury settlement if neither is a season-ending injury. I don’t have any dead money yet for Redmond factored in to the 49ers salary cap, as it’s not known yet if he will clear waivers.

Before any settlements, the 49ers have $19,411,408 in dead money this year for 53 players. The 49ers can recoup $1.1 million on Kerley, and $1.4 million on Dial if they sign elsewhere. That money would not be credited back to them until the 2018 offseason.

The same can be said for the undrafted players who were waived this weekend. The most notable ones are Cole Hikutini’s $100,000 base salary guarantee, Noble Nwachukwu’s $20,000 base salary guarantee, and Darrell Williams’s $5,000 base salary guarantee. If they do not clear waivers, it is likely the 49ers wouldn’t be credited the money until 2018. If they clear waivers and go to the practice squad, that will go against their practice squad salaries.

It’s very clear that the 49ers aren’t done shaping the teams 53-man roster for Week 1. The team will likely add players through waivers, which means a variety of players are still on the bubble. It is also possible veterans like Sen’Derrick Marks or Asa Jackson could end up on the roster after Week 1. As vested veterans, if they are on the roster for Week 1, their entire 2017 salary is guaranteed. If they sign after Week 1, their salary is not fully guaranteed.

As always you can follow me on Twitter, @Jay_AB81, or check our salary cap section here, on Niners Nation, which is now officially the exclusive home for my salary cap information.