The San Francisco 49ers have officially signed Brandon Aiyuk to a contract extension, not only making him one of the highest-paid wide receivers in the NFL but also creating nearly $8.4 million in salary cap space for 2024.
According to Spotrac.com's detailed breakdown, Aiyuk's cap hit for the upcoming season has been reduced from $14.124 million to $5.725 million. The new four-year, $120 million deal includes a $23 million signing bonus, paid out immediately but prorated over the length of the contract. Of the total, $76 million is guaranteed, with $45 million fully guaranteed at signing. The remaining $31 million will become fully guaranteed in April 2025, per the salary cap tracking site.
The contract also includes two void years—2029 and 2030—and provides the 49ers with a potential out in 2027, when Aiyuk's salary cap hit jumps by over $26 million compared to the previous year.
Below is a year-by-year breakdown of the contract, according to Spotrac.com and OverTheCap.com (which had additional data available later):
2024
Base salary: $1,125,000
Prorated signing bonus: $4,600,000
Prorated option bonus: $0
Total per-game roster bonus: $0
Workout bonus: $0
Guaranteed salary: $1,125,000
Salary cap number: $5,725,000
2025
Base salary: $1,170,000
Prorated signing bonus: $4,600,000
Prorated option bonus: $4,571,000
Total per-game roster bonus: $750,000
Workout bonus: $100,000
Guaranteed salary: $20,875,000
Salary cap number: $11,191,000
2026
Base salary: $1,215,000
Prorated signing bonus: $4,600,000
Prorated option bonus: $9,558,000
Total per-game roster bonus: $750,000
Workout bonus: $100,000
Guaranteed salary: $0
Salary cap number: $16,223,000
2027
Base salary: $27,274,000
Prorated signing bonus: $4,600,000
Prorated option bonus: $9,558,000
Total per-game roster bonus: $750,000
Workout bonus: $100,000
Guaranteed salary: $0
Salary cap number: $42,282,000
2028
Base salary: $29,150,000
Prorated signing bonus: $4,600,000
Prorated option bonus: $9,558,000
Total per-game roster bonus: $750,000
Workout bonus: $100,000
Guaranteed salary: $0
Salary cap number: $44,158,000
2029
Base salary: Void
Prorated signing bonus: $0
Prorated option bonus: $9,558,000
Salary cap number: $14,545,000
2030
Base salary: Void
Prorated signing bonus: $0
Prorated option bonus: $4,987,000
Salary cap number: $0
Total
Base salary: $59,934,000
Prorated signing bonus: $23,000,000
Prorated option bonus: $47,790,000
Total per-game roster bonus: $3,000,000
Workout bonus: $400,000
Guaranteed salary: $22,000,000
Salary cap number: $134,124,000
OverTheCap.com's contract notes: Brandon Aiyuk signed a 4-year contract extension with the San Francisco 49ers worth $120.0 million, with $45 million guaranteed at signing and a $76 million total guarantee package. The contract includes option bonuses in 2025 ($22.855 million) and in 2026 ($24.935 million). Another $31 million in injury guarantees vest on April 1, 2025. Initial details courtesy of ProFootball Talk. The contract extension created $8.399 million in cap savings for 2024.