49ers agree to a long-term extension with Arik Armstead: five-year, $85-million

The 49ers had to be at or below the salary cap by the start of the new league year Wednesday. Matt Maiocco was on KNBR Monday morning, discussing the different scenarios for Arik Armstead and the San Francisco 49ers. Maiocco mentioned the 49ers are at about $11 million in cap space. The deadline to place a franchise tag on Armstead passed, but that was a sign that the two sides were confident a long-term deal would get done. NBC Sports’ Jennifer Lee Chan said that Armstead was willing to discuss less money for a multi-year deal to stay with the team. Armstead has made it clear he wants to stay in the Bay Area and be close to home and his teammates. Armstead has done a bunch of charity work in Sacramento, so staying in the area for a little less was enticing. How much less, though?

Ian Rapoport reported that the deal for Armstead is five-years, $85 million. Roughly $17 million a year. So no franchise tag and Armstead will be around for the long-term. Once the contract details are released, we’ll have that info. That’s the first free agency domino, but could be the last. It all depends on how the deal is structured. Whew!