Last week, the San Francisco 49ers agreed to a three-year deal with safety George Odum, making the signing official on Tuesday. Reports initially had the contract valued at $10.95 million. However, the details of the agreement have recently emerged.
Total value: $9.5 million Signing bonus: $2 million
While the signing bonus is paid to Odum immediately, the cap impact is spread out through the next five years ($400,000 each year), including two void years (2025, 2026).
2022 Base salary: $1.035 million Cap hit: $1.435 million
2023 Base salary: $1.34 million Workout bonus: $100,000 Cap hit: $1.84 million
$665,000 of the base salary in 2023 is guaranteed for injury or if Odum is on the roster on April 1, 2023. Aaron Wilson of Pro Football Network provided that detail.
San Francisco has a potential out on the contract in 2024, which would make it a two-year, $4.475 million deal with $1.2 million in dead cap space.
2024 Base salary: $1.125 million Workout bonus: $100,000 Cap hit: $1.625 million
2025 (Void year) Base salary: $1.9 million Cap hit: $800,000
2026 (Void year) Base salary: $1.9 million Cap hit: $800,000
Wilson adds that there are up to $1.5 million in annual incentives based on interceptions, Pro Bowl selections, and All-Pro honors. There is also a $750,000 Pro Bowl escalator.
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