Ian Rapoport of the NFL Network reported that the 49ers restructured the Weston Richburg center contract. Looking at the Richburg contract, he has no more guaranteed money left. Richburg’s base salary for 2021 is $ 7.85 million, so that was the only place the 49ers could have withdrawn money from.
With the news of Weston Richburg’s restructuring, which is basically a cut in pay, since the only way to save $ 6.875 million is to reduce your base to $ 1.075 million and eliminate your $ 100,000 training bonus, I have 49ers with $ 31,605,877 in the cap room, before knowing Moseley’s details.
– Jason Hurley / 49ers 2021 Cap Room = $ 31,605,877 (@ Jay_AB81) March 13, 2021
Rapoport said the move created $ 6.875 million in cap space. This means that Richburg took a pay cut, as Jason mentioned above. He also mentioned that Richburg ends up retiring. If Richburg retires, 49ers will lose only the prorated bonus money from the Richburg contract and will receive the rest of the money back.
Richburg’s current prorated bonus is $ 6.9 million. Richburg’s remaining base salary on his contract is more than $ 9.7 million. The 49ers would receive the $ 2.75 million difference in the cap after June 1 if Richburg retired.
Richburg’s restructured contract helps the team immediately, as they can now use that extra space to retain their unrestricted free agents and potentially sign an additional free agent. We will update the article as soon as more details about the Richburg contract are published.