The 49ers gained a temporary salary cap savings of nearly $5 million with outside linebacker Aldon Smith’s new contract.
Based on figures reported to the NFL Players Association, Smith’s cap figure for the upcoming season drops from $9.754 million to $4.855 million.
Smith is still in line to collection his entire scheduled salary if he remains on the 49ers’ 53-man roster for the entire season and achieves a $2 million incentive clause.
The salary-cap savings is only temporary and must be accounted for as Smith earns the rest of his money. The cap impact was not a stated reason for the new contract that replaces his one-year deal after the 49ers exercised a fifth-year option. Under the old agreement, his entire $9.754 million would have become fully guaranteed on Tuesday, the first day of the new league year.
“It wasn’t like they said, ‘If you don’t do this, you’re cut,’” agent Doug Hendrickson told CSNBayArea.com last week.
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“The thought behind it is that Aldon realizes he’s been his own worst enemy. He has come a long way since he was suspended. Ultimately his goal, my goal, and the team’s goal is for him to sign a long-term contract with the Niners.”
The new deal includes a $1 million base salary, a $500,000 workout bonus and monthly roster bonuses from April to August that total $1.1 million. Smith will also receive $322,150 for every game he is on the 49ers’ 53-man roster.
Because Smith served a nine-game suspension last season for violations of the NFL’s polices on substance abuse and personal conduct, only seven of the roster bonuses count immediately against this year’s cap figure.
Nine games of roster bonuses and a $2 million incentive, which he can attain by playing 50 percent of the 49ers’ defensive snaps or attaining eight or more sacks, do not immediately count against Smith’s cap number.
After recording 42 sacks in his first 43 NFL regular-season games, Smith collected just two sacks in seven game last season.