SAN FRANCISCO -- Colt McCoy, the presumptive No. 2 quarterback when 49ers training camp opened, has reportedly accepted a pay cut to increase his chances of remaining with the team in the regular season.
The 49ers on Thursday signed veteran quarterback Seneca Wallace to compete for the backup job, a sure sign that the club is unimpressed with McCoy through two exhibition games and four weeks of practices.
Also working against McCoy was his contract. He was scheduled to earn $1.5 million in salary if he makes the 49ers' roster. But McCoy accepted a pay cut to bring his contract more in line with the other backup candidates, reported Ian Rapoport of the NFL Network. The 49ers do not publicly comment on contract negotiations. McCoy is represented by agent David Dunn who would have worked with chief negotiator Paraag Marathe on a new deal.
The 49ers have also reportedly placed calls and taken calls about trading McCoy.
McCoy was not expected to remain with the 49ers much longer under his old contract. After all, Wallace and Scott Tolzien would count just $555,000 against the salary cap if they make the team. Wallace signed a one-year, $840,000 contract last week, a source told CSNBayArea.com, but his cap figure would be lowered under the veteran minimum salary benefit.
Rookie B.J. Daniels is also in competition for the 49ers' backup job behind starter Colin Kaepernick, who is scheduled to make $740,844 in the third year of his original contract. The 49ers will be allowed to begin negotiating a contract extension for Kaepernick after the upcoming season. Any unused cap money from one season can be rolled into the next year, which could be valuable when it comes to working out a long-term deal for the team's franchise quarterback.
Coach Jim Harbaugh said on Friday that all five quarterbacks would see action in the 49ers' exhibition game Sunday against the Minnesota Vikings. Harbaugh said throughout last week that McCoy would be the second quarterback into the game behind Kaepernick.
The 49ers in March gave up a seventh-round draft pick and moved back nine spots from the end of the fifth round to the beginning of the sixth round to acquire McCoy.
McCoy has a lowly 25.3 passer rating in the 49ers' first two exhibition games. He completed six of 13 pass attempts for 76 yards with no touchdowns and two interceptions. Tolzien has not been much better. He has completed 18 of 34 passes for 188 yards with no touchdowns and one interception.
The deadline for the first round of cuts to 75 players is scheduled for Tuesday.