UPDATE: Although the signing of Reggie Bush became official on Wednesday, the NFLPA has yet to register his contract into their database. The database was adjusted for Erik Pear's contract, but it does not reflect Bush's deal nor has it removed the salary information for retired linebacker Chris Borland.
The 49ers have $9,243,810 in cap space according to the latest figures released Thursday morning by the NFL Players Association.
The 49ers’ cap space is down $2.846 million from Wednesday morning. The 49ers’ signing of running back Reggie Bush to a one-year contract was officially announced Wednesday afternoon. The terms of Bush's contract are expected to be released later in the day.
At this time of season, only the top-51 players on each team’s roster counts toward the NFL’s $143.28 million salary cap. So Bush’s contract replaces a minimum-salary contract of $435,000 among the team’s top 51.
Chris Borland’s decision to end his NFL career after one season removes his $694,359 salary-cap figure from the 49ers’ books.
The 49ers are still awaiting word from veteran defensive lineman Justin Smith on whether he will retire. Smith is scheduled to earn $4.25 million.
The 49ers will require a couple of million dollars in cap space to sign their draft class, which consists of an anticipated nine picks.