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49ers restructure C Weston Richburg’s contract, create $6.875 million in cap space

The 49ers have more than $31 million in cap space before we count Moseley’s new deal

NFL: San Francisco 49ers at Los Angeles Rams Robert Hanashiro-USA TODAY Sports

NFL Network’s Ian Rapoport reported that the 49ers restructured center Weston Richburg’s contract. Looking at Richburg’s contract, he has no more guaranteed money remaining. Richburg’s base salary for 2021 is $7.85 million, so that was the only place where the 49ers could have taken money from.

Rapoport said the move created $6.875 million in cap space. That means Richburg took a pay cut, as Jason mentions above. He also mentioned Richburg ends up retiring. If Richburg were to retire, the 49ers only lose the prorated bonus money from Richburg’s contract and would gain the rest of the money back.

Richburg's current prorated bonus is $6.9 million. Richburg’s remaining base salary on his contract is over $9.7 million. The 49ers would get the difference of $2.75 million in cap space after June 1 if Richburg were to retire.

Richburg’s restructured contract helps the team immediately as they can now use that extra cap space to retain their unrestricted free agents and potentially sign an additional free agent. We’ll update the article once more details on Richburg’s contract come out.