The 49ers are $7.196 million under the salary cap after the retirement of defensive lineman Justin Smith, according to NFLPA figures that were updated Thursday morning.
The 49ers have 91 players under contract, including outside linebacker Chase Thomas, who is on the reserve/non-football injury list and does not count against the team’s 90-man offseason roster. The 49ers have also signed each of their 10 draft picks.
Only the top-51 players could against each team’s salary cap until teams make their final cuts to 53 players in early-September. Smith, who announced his retirement on Monday, was scheduled to earn $4.25 million in salary and bonuses with a cap figure of $6.436 million for 2015.
The 49ers must have enough cap space to account for the contract of Aldon Smith, which was restructured this offseason. Smith counts $4.854 million, but his entire previous salary of $9.754 million will be absorbed on the 49ers’ cap if he reaches all of his bonuses and incentives. Smith enters the final year of his contract and could be in line for a lucrative multi-year contract next offseason.
Tight end Vernon Davis, wide receiver Anquan Boldin, guard Alex Boone and nose tackle Ian Williams enter the final years of their contracts and are scheduled to be unrestricted free agents next spring. In addition, quarterback Colin Kaepernick’s cap figure is scheduled to increase to $16.765 million next year, including $14.3 in salary and bonuses.
The 49ers continue to work on a multi-year extension for linebacker Michael Wilhoite, who has yet to sign his qualifying offer as an exclusive-rights free agent.
Any unused cap space from this season can be carried over to their 2016 salary cap.