San Francisco, CA
San Francisco 49ers Salary Cap Situation And Finances Heading Into NFL Free Agency
The San Francisco 49ers’ cap state of affairs is sophisticated heading into NFL free company. (AP Photograph/Ben … [+]
The San Francisco 49ers head into NFL free company in a less-than-stellar wage cap state of affairs. The 2-time defending NFC runners-ups even have a pleasant quantity of free brokers they need to contemplate bringing again whereas trying into doable extensions for star gamers.
There’s a serious backdrop right here. That’s San Francisco’s quarterback state of affairs following the elbow damage Brock Purdy suffered within the NFC Championship Recreation. With veteran Jimmy Garoppolo all however gone and Trey Lance additionally coming back from damage, it’s protected to imagine that basic supervisor John Lynch will herald an out of doors possibility in free company.
As we put together for the beginning of the brand new league 12 months, I assumed it made sense to test in on the 49ers’ cap state of affairs. Right here’s an in depth clarification as of proper now.
San Francisco 49ers Are At present sixteenth In Cap Room
Based on Spotrac, San Francisco is roughly $3.19 million beneath the $224.8 million NFL wage cap for the 2023 season.
Together with exclusive-rights free brokers, these 49ers have a whopping 25 gamers set to hit the open market. That features starters Jimmie Ward, Samson Ebukam, Emmanuel Moseley, Mike McGlinchey and Tashaun Gipson.
It’s protected to imagine that a few of these gamers, primarily Ward and McGlinchey, will likely be priced out of the 49ers’ market. That creates potential exterior wants as soon as free company opens. However there’s lots of layers to this. Let’s test in on them under.
San Francisco 49ers Have Choices Forward Of NFL Free Company
Restructuring the contracts of gamers similar to Trent Williams would save the San Francisco 49ers a … [+]
We already know the way effectively 49ers president and wage cap guru Paraag Marathe has labored previously. He’s among the many finest within the league in enjoying wage cap gymnastics. I’m anticipating nothing totally different this time round.
San Francisco has a capability to create a ton of cap room by restructuring sure contracts. It has been the modus operandi of the group within the current previous.
Per Over the Cap, this cycle may embrace a cap financial savings of an estimated $59 million by restructuring the contracts of Trent Williams, Arik Armstead, Fred Warner, George Kittle, Charvarius Ward and Christian McCaffrey.
Pushing again cap hits to later years has been a normal operation process for NFL groups. That’s now magnified with the NFL wage cap set to extend leaps and bounds because of the league’s historic income and tv contracts. In brief, giant cap hits in 2024 and past gained’t have the identical affect as we’re seeing at this time.
The Nick Bosa Equation
The San Francisco 49ers have to fret a few Nick Bosa contract extension. (AP Photograph/Godofredo A. … [+]
The reigning NFL Defensive Participant of the 12 months at the moment boasts a cap hit of $17.86 million for the 2023 season, the ultimate 12 months of his rookie contract.
San Francisco’s brass has made it clear that the crew intends to signal Bosa to what can be an historic contract extension this offseason.
“I feel we’ve a very good observe report. You look the final 5 years, working backwards with Deebo and earlier than that it was Fred and Kittle and Trent and Jimmy of getting our gamers finished, however it takes time, it takes persistence, it takes persistence, and we’ll have that on our facet,” San Francisco 49ers basic supervisor John Lynch mentioned earlier in February.
Based mostly on the 49ers’ observe report, we will’t count on something to get finished on this entrance till the summer time months. Large ticket extensions for the likes of George Kittle, Deebo Samuel and Fred Warner didn’t get finished till August in earlier years.
Even then, San Francsico can funds for a Bosa extension. Even when it’s a market setter for a defensive participant in NFL historical past, Bosa’s cap hit for the 2023 season would lower considerably. Per Over the Cap, mentioned financial savings would are available in at an estimated $13.42 million relying on the ultimate particulars of an extension.
Backside Line: San Francisco 49ers Can Be Energetic In Free Company
That’s the overriding takeaway right here. Whereas the 49ers’ cap state of affairs doesn’t appear nice proper now, they will really head into free company with roughly $62 million in cap room.
With three NFC Championship Recreation appearances previously 4 years, it’s clear that the 49ers are in win-now mode. It makes excellent sense for Lynch and Co. to maintain this championship window open by including to San Francsico’s loaded roster.
We noticed it to an extent with the signing of Charvarius Ward to a big-ticket contract final offseason. The blockbuster in-season commerce for Christian McCaffrey added one other layer to this.
With no choose within the first two rounds of the 2023 NFL Draft, San Francisco can’t count on rookies to play big roles in 2023. It should now make the choice to push cap points down the highway in an effort to create extra expertise and depth throughout NFL free company. It’s the one logical conclusion proper now.
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When former top prospect Heliot Ramos finally emerged for the San Francisco Giants this year, their outfield became fairly crowded during the season and when looking ahead towards the future.
Despite Jung Hoo Lee being sidelined with a shoulder injury that ended his rookie campaign, the everyday addition of Ramos alongside Michael Conforto, Mike Yastrzemski, Austin Slater and a rotating cast of minor leaguers because of injuries created a logjam.
Because of that, the Giants decided to ship Slater out to the Cincinnati Reds on July 7 in exchange for pitcher Alex Young.
That ended his eight-and-a-half-year tenure in San Francisco after he was taken in the eighth round of the 2014 MLB draft before becoming a top prospect ahead of his Major League debut in 2017.
But despite a few good seasons during his time with the Giants, namely in 2020 with a 151 OPS+ and in 2022 with a 121 OPS+ across his 125 games, they viewed him as expendable and shipped him out of town.
Slater’s tenure with the Reds was short, only playing in eight games before they sent him to the Baltimore Orioles ahead of the trade deadline.
Upon the season ending, the veteran outfielder elected to hit free agency, and according to Jon Heyman of The New York Post, he has now signed a Major League deal with the Chicago White Sox, although the terms have not been revealed.
The White Sox are coming off a historically poor campaign last year, so with them looking to turn the corner by getting established MLB talent into the mix, there’s a chance Slater gets a good amount of playing time.
San Francisco, CA
SF Mayor-elect Daniel Lurie's new transition team includes OpenAI co-founder, former fire chief
SAN FRANCISCO (KGO) — San Francisco Mayor-elect Daniel Lurie announced his new transition team on Monday nearly two weeks after he was elected as mayor.
The team consists of co-chairs and advisors. Some include Sam Altman, co-founder and CEO OpenAI, and former San Francisco Fire Chief Joanne Hayes-White.
MORE: Daniel Lurie delivers first remarks as San Francisco Mayor-elect, shares vision for city
“I’m excited to introduce this talented and diverse team who will help guide our transition and lay the groundwork for the change San Franciscans demand,” Lurie said in a press release to ABC7.
“Every one of these incredible leaders brings a track record of shaking up the status quo to deliver results. My transition co-chairs share my commitment to building an accountable, effective government to tackle the many challenges confronting our great city.”
Lurie says the co-chairs will be providing counsel to him and his advisors.
Daniel Lurie’s transition team, co-chairs:
- Sam Altman, co-founder and CEO of OpenAI
- Joanne Hayes-White, former SFFD Fire Chief
- José A. Quiñonez, founding CEO of Mission Asset Fund
- Ned Sega, Co-Chair of the Daniel Lurie for Mayor campaign
- Michael Tubbs, former Mayor of Stockton
- Nancy Tung, Chief of the Vulnerable Victims Unit and Community Partnerships at the SF DA’s Office
- Paul Yep, SFPD Commander in the Chief of Staff’s Office
Daniel Lurie delivers first remarks as San Francisco Mayor-elect, shares vision for city
Daniel Lurie made his first public announcement since becoming San Francisco’s mayor-elect after Mayor London Breed conceded the race.
Advisors
- Sara Fenske Bahat– Transition Director
- Ann O’Leary – Transition Counsel
- Ben Rosenfield – Senior Advisor
Lurie is succeeding incumbent Mayor London Breed, who conceded to Lurie on Nov. 7, after election results showed Lurie receiving more first-place ranked-choice votes than Breed.
It is the first time since 1991 that an incumbent mayor has been unseated.
VIDEO: SF Mayor London Breed gives concession speech for mayoral race
San Francisco Mayor London Breed conceded to challenger Daniel Lurie on Thursday and said she called to congratulate the Levi Strauss heir.
Lurie said he would declare a fentanyl state of emergency on his first day in office, without offering further details about what that would entail.
Lurie is an heir to the Levi Strauss estate, a father of two and a San Francisco native.
He founded and served as the CEO of the nonprofit organization Tipping Point Community in 2005 to focus on anti-poverty initiatives such as housing, education and job training.
Lurie will be sworn in as San Francisco’s 46th mayor on Jan. 8.
Bay City News contributed to this report
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