The San Francisco 49ers made a notable splash in free agency by signing veteran wide receiver Mike Evans. The deal is reportedly worth three years and $42.5 million, including $14.3 million fully guaranteed and a $12 million signing bonus.
Evans' total earnings could reportedly rise to $60.4 million through incentives. His 2026 salary-cap hit is just $4.25 million, and the contract includes four void years at the end to help spread out the cap charges. Evans has no guaranteed salary beyond the first year.
OverTheCap.com has the contract details, which are broken down below.
2026
Base salary: $1,300,000
Prorated signing bonus: $2,400,000
Prorated option bonus: $0
Total per-game roster bonus: $850,000
Workout bonus: $150,000
Guaranteed salary: $2,300,000
Salary cap number: $4,250,000
2027
Base salary: $1,500,000
Prorated signing bonus: $2,400,000
Prorated option bonus: $2,410,000
Total per-game roster bonus: $850,000
Workout bonus: $150,000
Guaranteed salary: $0
Salary cap number: $7,310,000
2028
Base salary: $1,700,000
Prorated signing bonus: $2,400,000
Prorated option bonus: $4,600,000
Total per-game roster bonus: $850,000
Workout bonus: $150,000
Guaranteed salary: $0
Salary cap number: $9,700,000
2029
Base salary: Void
Prorated signing bonus: $2,400,000
Prorated option bonus: $4,600,000
Salary cap number: $20,790,000
2030
Base salary: Void
Prorated signing bonus: $2,400,000
Prorated option bonus: $4,600,000
Salary cap number: $0
2031
Base salary: Void
Prorated signing bonus: $0
Prorated option bonus: $4,600,000
Salary cap number: $0
2032
Base salary: Void
Prorated signing bonus: $0
Prorated option bonus: $2,190,000
Salary cap number: $0
Total
Base salary: $4,500,000
Prorated signing bonus: $12,000,000
Prorated option bonus: $23,000,000
Total per-game roster bonus: $2,550,000
Workout bonus: $450,000
Guaranteed salary: $2,300,000
Salary cap number: $42,050,000
OverTheCap.com's contract notes: Mike Evans signed a three year, $42.5 million contract with the 49ers. $14.3 million is fully guaranteed at signing. Evans received a $12 million signing bonus and his 2026 salary is fully guaranteed. There are two option bonuses in his contract. He has annual per game bonuses of $850,000 and workout bonuses of $150,000. There are four void years for salary cap purposes.
According to OverTheCap.com, the 49ers are currently listed at $39,249,230 under the salary cap.
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