Happy Monday. According to ESPN’s Adam Schefter, the San Francisco 49ers are trading LB Kwon Alexander to the New Orleans Saints in exchange for a conditional fifth-round pick and LB Kiko Alonso. By trading Alexander, the 49ers clear quite a bit of cap space. Over the Cap has the 49ers saving $5.4 million this season and over $13.4 million over the next two seasons. They’ll eat just north of $6.4 million over the next three seasons in cap space.
Again, wow. I did not see this coming, and I’m not sure anyone did, but the front office understands that they’re handcuffed, and this move creates plenty of space not just in the now but moving forward. The 49ers have over 25 unrestricted free agents this upcoming offseason. Ian Rapoport said the 49ers have been trying to trade Alexander since the Super Bowl, but once he had surgery, they were unable to.
Alonso has a base salary of $1.7 million for the remainder of 2020 and will be a free agent after this season. He has not played a snap for the Saints this year. This move was more about getting back into the green than anything. Are the 49ers done making moves, or is this the beginning?
#49ers will take on $6.9M in dead money next year and will have wound up paying about $23.5M for 13 games. Was a very risky and surprising deal when signed so smart to bail and save a few dollars for the season— Jason_OTC (@Jason_OTC) November 2, 2020
49ers changed the deal again so its a bit different than that. The Saints will owe him around $3M in compensation. $6.9M dead next year— Jason_OTC (@Jason_OTC) November 2, 2020