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Inside the Mike Evans deal

Published Mar 18, 2026 at 7:00 AM
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Before Mike Evans picked his next team, multiple reports suggested that he was being offered $27 million per year, or more. If that's the case, Evans took a major discount to play for the 49ers.Yes, it was widely characterized by the usual suspects as a three-year, $60.4 million deal. The truth, as it often does, paints a different picture.Here are the full deals, per a source with knowledge of the terms:1. Signing bonus: $12 million.2. 2026 base salary: $1.3 million, fully guaranteed.3. 2026 workout bonus: $150,000, fully guaranteed but must be earned.4. 2026 per-game active roster bonus: $850,000, fully guaranteed but must be earned.5. 2027 option bonus: $12.5 million.6. 2027 base salary: $1.5 million, guaranteed for injury at signing.7. 2027 workout bonus: $150,000.8. 2027 per-game active roster bonus: $850,000.9. 2028 option bonus: $10.95 million.10. 2028 base salary: $1.7 million.11. 2028 workout bonus: $150,000.12. 2028 per-game active roster bonus: $850,000.It works out to a base package of $42.5 million. The APY is $14.167 million. That puts him near the bottom...

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