Before the San Francisco 49ers restructured Jerick McKinnon’s contract and re-signed Ronald Blair to a one-year deal, OverTheCap released the details on Jimmie Ward’s three-year deal that he signed late on Monday night.
Ward received $17 million in guarantees, $13.5 million of which is fully guaranteed at signing. Ward received an $8 million signing bonus. If Ward is on the roster on April 1, 2022, another $3.5 million will become fully guaranteed.
Ward will receive a prorated bonus of $2.6 million each season that will total $8 million. He also will receive a $500,000 per game roster bonus. Ward’s base salary in 2020 is $1.5 million. That number climbs to $8.4 million in the next two seasons and $8.9 million in 2022. Ward’s guaranteed salary in 2020 is $1.5 million. In 2021 that number rises to $3.5 million. Ward doesn’t have any guarantees in 2022.
Here is a look at Ward’s cap number by year:
2020: $4.5 million
2021: $11.6 million
2022: $12.1 million
If the 49ers cut Ward before June 1, 2021, they’d have $8.8 million in dead money, and save $2.8 against the cap. In 2022, when Ward will be 31-years-old, the 49ers would have $2.6 million in dead money, while saving $9.5 million against the cap. The 49ers protected themselves and also structured the contract, so Ward gets a pay bump once the salary cap rises. Well done.
With the coronavirus changing everything around us, I wonder how much of Ward’s potential market took a hit knowing that teams that were interested couldn’t check Ward’s medicals. As far as the 49ers cap space goes, the McKinnon restructure saved just over $3.6 million in 2020 and $9.2 million in 2021. Not counting the Shon Coleman and Ronald Blair one-year deals, the 49ers currently have about $15 million in cap space. Moving on from Marquise Goodwin and will create another $8.2 million. Will that be the move that creates space to bring back Emmanuel Sanders? Or will the 49ers use that money to add a few lower-level signings to fill out their depth and address the rest of their needs in the draft?