On Wednesday evening at the San Francisco 49ers State of the Franchise event, all-everything left tackle Joe Staley agreed to a two-year extension to keep him on the team through 2021. Early Friday morning, we found out how much that extension would cost the 49ers.
Per ESPN’s Field Yates, Staley’s two-year extension includes $27.6M in new money, per source. Staley can now make $36.15 million in total over the next three years. He’s on the books for $36.75 over three years ($28 million in new money). If Staley plays 16 games, he’ll make $13.5M in 2019. In 2020, he got a $10.55M base ($4.5 million guaranteed) with 700K in bonuses. In 2021, it’s $11.3 million plus $700K in bonuses.
The details aren’t on Over The Cap just yet, but knowing that Staley’s 2020 salary cap hit is higher than $10 million, the 49ers would be down to roughly $13 million in cap space for 2020. Of course, that’s before the 2019 carryover is added, and the Niners make their cuts, but it gives you a ballpark.
The $10.55 million cap hit in 2020 will make Staley the 14th highest paid left tackle in the NFL.