An updated look at the 49ers 2023 & 2024 salary cap situations after the first wave of free agency

With free agency now officially dying down, as the first wave of it has come, and gone, it’s time to take a look at the 49ers 2023 & 2024 salary cap situations.

For 2023, the 49ers have 64 players signed right now, with a projected $2,523,686 in cap room.

Below are the players signed for 2023, and their current cap number.

1. QB 5 Trey Lance(2024)- $9,301,434
2. QB 13 Brock Purdy(2025)- $889,253
3. QB 14 Sam Darnold(2023)- $5,052,941
4. RB 23 Christian McCaffrey(2025)- $12,000,000
5. RB 25 Elijah Mitchell(2024)- $985,893
6. RB 32 Tyrion Davis-Price(2025)- $1,161,033
7. RB 24 Jordan Mason(2024)- $873,333
8. FB 44 Kyle Juszczyk(2025)- $6,565,221
9. WR 19 Deebo Samuel(2025)- $8,653,529
10. WR 11 Brandon Aiyuk(2023)- $3,987,248
11. WR 15 Jauan Jennings(2023)- $940,000
12. WR/KR/PR 3 Ray-Ray McCloud III(2023)- $2,090,000
13. WR 6 Danny Gray(2025)- $1,146,569
14. WR 86 Tay Martin(2023)- $750,000
15. WR 84 Dazz Newsome(2023)- $870,000
16. WR – Tyron Johnson(2023)- $1,010,000
17. TE 85 George Kittle(2025)- $18,033,751
18. TE 89 Charlie Woerner(2023)- $1,055,258
19. TE 82 Ross Dwelley(2023)- $1,080,000
20. C 64 Jake Brendel(2026)- $2,772,000
21. C – Jon Felicanio(2023)- $2,250,000
22. C 67 Keith Ismael(2023)- $940,000
23. LG 65 Aaron Banks(2024)- $1,929,166
24. LG 63 Nick Zakelj(2025)- $917,590
25. RG 74 Spencer Burford(2025)- $1,038,014
26. RG 62 Jason Poe(2023)- $750,000
27. LT 71 Trent Williams(2026)- $27,227,424
28. LT 78 Leroy Watson(2023)- $750,000
29. RT 68 Colton McKivitz(2024)- $1,515,412
30. RT 76 Jaylon Moore(2024)- $1,020,759
31. RT 77 Alfredo Gutierrez(2023)- $750,000
32. DE 97 Nick Bosa(2023)- $17,859,000
33. DE 95 Drake Jackson(2025)- $1,339,180
34. DE 94 Clelin Ferrell(2023)- $2,460,000
35. DE 58 Alex Barrett(2023)- $870,000
36. DE — Austin Bryant(2023)- $965,000
37. DT 91 Arik Armstead(2024)- $23,755,883
38. DT 90 Kevin Givens(2023)- $2,000,000
39. DT/NT 99 Javon Kinlaw(2023)- $4,928,223
40. DT/NT 96 T.Y. McGill Jr.(2023)- $940,000
41. NT/DT 98 Javon Hargrave(2026)- $6,615,000
42. NT 93 Kalia Davis(2025)- $783,003
43. SLB 45 Demetrius Flannigan-Fowles(2023)- $1,885,000
44. SLB 40 Marcelino McCrary-Ball(2023)- $750,000
45. WLB 57 Dre Greenlaw(2024)- $5,648,558
46. WLB 59 Curtis Robinson(2023)- $940,000
47. MLB 54 Fred Warner(2026)- $9,049,000
48. MLB 48 Oren Burks(2023)- $2,773,000
49. CB 7 Charvarius Ward(2024)- $6,421,000
50. CB 20 Ambry Thomas(2024)- $1,305,232
51. CB 38 Deommodore Lenoir(2024)- $1,011,217
52. CB – Isaiah Oliver(2024)- $1,686,000
53. CB 26 Samuel Womack III(2025)- $940,831
54. CB 43 Qwuantrezz Knight(2023)- $750,000
55. CB – A.J. Parker(2023)- $940,000
56. CB – Tre Swilling(2023)- $750,000
57. FS 31 Tashaun Gipson Sr.(2023)- $2,100,000
58. FS 41 Tayler Hawkins(2023)- $750,000
59. FS – Myles Hartsfield(2023)- $1,010,000
60. SS 29 Talanoa Hufanga(2024)- $1,000,038
61. SS 30 George Odum(2024)- $2,090,000
62. PK — Zane Gonzalez(2023)- $1,465,000
63. P 18 Mitch Wishnowsky(2026)- $1,700,000
64. LS 46 Taybor Pepper(2025)- $1,225,000

Now, the 49ers have 2 big decisions left to make, besides the 2023 NFL Draft, as they will most definitely pickup Brandon Aiyuk’s 5^th-year option, which will be worth $14.124 million in 2024, and Nick Bosa’s pending extension, which should lower his $17.859 million cap number some, depending on the signing bonus given to him.

I’d expect Nick Bosa’s 2024 cap number to come in somewhere around $12 million to $14 million, on a 5-year extension, worth $35 million a year, $110 million in guaranteed money, with $82 million of it being fully guaranteed.

So, If the 49ers need any extra cap room, they can restructure the following contracts.

RB Christian McCaffrey – $8.576 million max, $7,146,666 minimum

TE George Kittle – $8.456 million max, $7,927,500 minimum

LT Trent Williams – $14.588 million max, $13,676,250 minimum

DT Arik Armstead – $11.78 million max, $11,043,750 minimum

Now, the most likely restructure would be Arik Armstead’s, as the team definitely views Armstead as part of the teams core, and future, which would give the team enough cap room, as of now, to go into the 2023 season, while not having to worry too much about any emergencies, or in season roster moves.

Now let’s look towards the future, specifically 2024, where the 49ers, including their draft picks,along with Aiyuk’s 5^th-year option, & a projected Bosa cap number of $14 million, they’d end up being $20,136,918 over a projected 2024 cap of $256 million, which means the team will need to restructure, or extend some of their key players.

Now, let’s take a look at the teams players signed for 2024, with draft picks, Aiyuk, & Bosa signed, with their cap number listed.

1. WR 19 Deebo Samuel(2025)- $28,572,000
2. LT 71 Trent Williams(2026)- $28,009,777
3. DT 91 Arik Armstead(2024)- $25,628,824
4. MLB 54 Fred Warner(2026)- $24,469,000
5. TE 85 George Kittle(2025)- $19,842,575
6. CB 7 Charvarius Ward(2024)- $17,901,000
7. NT 98 Javon Hargrave(2026)- $15,535,000
8. WR 11 Brandon Aiyuk(2024)- $14,124,000
9. DE 97 Nick Bosa(2028)- $14,000,000 (projection)
10. RB 23 Christian McCaffrey(2025)- $12,000,000
11. QB 5 Trey Lance(2024)- $10,851,673
12. WLB 57 Dre Greenlaw(2024)- $9,632,382
13. FB 44 Kyle Juszczyk(2025)- $7,588,750
14. C 64 Jake Brendel(2026)- $4,292,000
15. CB — Isaiah Oliver(2024)- $3,766,000
16. P 18 Mitch Wishnowsky(2026)- $2,825,000
17. RT 68 Colton McKivitz(2024)- $2,536,000
18. LG 65 Aaron Banks(2024)- $2,250,694
19. SS 30 George Odum(2024)- $1,625,000
20. DE 95 Drake Jackson(2025)- $1,560,561
21. CB 20 Ambry Thomas(2024)- $1,425,154
22. RB 32 Tyrion Davis-Price(2025)- $1,393,240
23. WR 6 Danny Gray(2025)- $1,375,883
24. LS 46 Taybor Pepper(2025)- $1,300,000
25. RG 74 Spencer Burford(2025)- $1,153,014
26. RT 76 Jaylon Moore(2024)- $1,135,759
27. 2023 3^rd-Round Pick- #99(2026)- $1,226,239
28. 2023 3^rd-Round Pick- #101(2026)- $1,226,239
29. 2023 3^rd-Round Pick- #102(2026)- $1,226,239
30. CB 38 Deommodore Lenoir(2024)- $1,126,217
31. SS 29 Talanoa Hufanga(2024)- $1,115,038
32. RB 25 Elijah Mitchell(2024)- $1,100,893
33. CB 26 Samuel Womack III(2025)- $1,055,831
34. C 63 Nick Zakelj(2025)- $1,032,590
35. NT 93 Kalia Davis(2025)- $1,018,003
36. QB 13 Brock Purdy(2025)- $1,004,253
37. 2023 5^th-Round Pick- #155(2026)- $999,452
38. 2023 5^th-Round Pick- #164(2026)- $990,230
39. RB 24 Jordan Mason(2024)- $988,334
40. 2023 5^th-Round Pick- #173(2026)- $980,992
41. 2023 6^th-Round Pick- #216(2026)- $950,917
42. 2023 7^th-Round Pick- #222(2026)- $944,739
43. 2023 7^th-Round Pick- #247(2026)- $936,522
44. 2023 7^th-Round Pick- #253(2026)- $935,952
45. 2023 7^th-Round Pick- #255(2026)- $935,952

Now, the 49ers have 4 players who could or will earn an increase in their base salary, Aaron Banks, Elijah Mitchell, Deommodore Lenoir, & Talanoa Hufanga, which would see Banks, Mitchell, & Lenoir’s base salaries rise to a projected $3.124 million each, & Hufanga will have a new base salary of $4.901 million, thanks to him being named to last seasons’ Pro Bowl, which would put the team around $29,670,334 over a projected $256 million cap, but don’t worry, the team has ways of creating cap room.

Below are restructure and/or extension candidates, with how much the team can gain.

RB Christian McCaffrey – $8,472,000 (Restructure)

WR Deebo Samuel – $15,877,600 (Restructure)

TE George Kittle – $9,752,000 (Restructure)

LT Trent Williams – $15,072,000 (Restructure)

DT Arik Armstead – $12,960,000 (Extension or Restructure)

MLB Fred Warner – $11,340,000 (Restructure)

WLB Dre Greenlaw – $5,580,000 (Extension or Restructure)

CB Charvarius Ward – $9,148,000 (Extension or Restructure)

It’s not really known if they’d extend Armstead, Greenlaw, & Ward before the new league year begins, but that would save $27.688 million in cap room, and the reason I say why I don’t know if they’ll extend them before the new league year begins, is due to the fact that the team does extensions in late July, or early August, but they may have to change that philosophy if they want to get under the cap.

I do see Deebo Samuel’s contract being restructured, which saves the team $15,877,600, which would give the team $13,895,266 in cap room, that’s assuming they extend or restructure Arik Armstead, Dre Greenlaw, and Charvarius Ward’s contracts.

If they decide not to touch Armstead, Greenlaw, and Ward’s contracts, then they will need to restructure someone like George Kittle, who would save the team $9.752 million, and also Trent Williams, which would save the team $15.072 million, which would give the team then $11,031,266 in cap room to begin the new league year next March.

Of course, we have Brandon Aiyuk’s pending extension, and yes I say pending, because I don’t see the team moving him, or letting him walk, so the team will definitely, in my opinion, extend Aiyuk, likely not until July or August, but he’d have low 2024 & 2025 cap numbers, to help offset the restructures they will have to do.

But don’t be worried about 2024, the fact is that this is a projection right now, the cap should be at a minimum in the $256 million range, maybe higher, plus the players who could get increases in their base salaries could either not receive them due to playing time issues, or they could be extended, with Talanoa Hufanga also being a player the team will want to extend in 2024.

Well, there you have it, the 49ers 2023 & 2024 cap situations as it stands now, I know it doesn’t look great, but I assure everyone that their salary cap is healthy, and will be just fine, especially in 2024, and beyond.

With that said, thank you for reading, and follow me on Twitter @49erscap for more salary cap information, & tidbits.

About Author

Jason Hurley

Die Hard 49ers fan from New York, been covering the 49ers salary cap since 2005, with several different websites, including NinersNation.com, & the now defunct NinerCapHell, I have a track record of being as accurate as possible, & I try to be as thorough as possible.

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