Holding onto Garoppolo, shockingly, worked out financially for the 49ers because they restructured the quarterback's one-year deal, shrinking his $24.2 million base salary to a more manageable $6.5 million, all guaranteed. The quarterback can make $500,000 more in roster bonuses. Still, $7 million is a significant drop from his previous cap hit.
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There's potential for even more money. Garoppolo has another nearly $9 million in play-time bonuses built into his deal, increasing his potential income in 2022 to almost $16 million. That's not bad money for a backup quarterback, and Garoppolo doesn't have to learn a new system with the start of the regular season around the corner.
The savings catapults San Francisco up the salary-cap rankings. The team now has the fifth-most money available heading into Week 1.
Below are the five teams with the most salary-cap space in the NFL, per Over The Cap.
- Cleveland Browns, $49,091,125 in cap space
- Las Vegas Raiders, $21,606,779
- Dallas Cowboys, $21,381,619
- Carolina Panthers, $21,374,592
- San Francisco 49ers, $21,323,595
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