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The San Francisco 49ers have restructured the contract of defensive end Arik Armstead, generating $11.78 million in additional cap space, according to ESPN’s Field Yates.
The 49ers now find themselves in a commanding position with a staggering $41.5 million in available cap space, which leads the NFL with the most cap space among all 32 teams.
Update: The #49ers have created $11.78 million in cap space after restructuring the contract of DE Arik Armstead, per @FieldYates
They currently have $41.5 million in cap space, per Yates, which is easily the most in the league.
That's the advantage of having a 7th round pick… pic.twitter.com/3xgu9VNyWs
— Dov Kleiman (@NFL_DovKleiman) September 9, 2023
The interesting part is they actually lead the league in cap space even after the recent record-breaking signing of defensive end Nick Bosa, signed 5-year, $170 million contract.
This financial advantage can be attributed, in part, to having 7th round pick, quarterback Brock Purdy as their starting QB. His cheap rookie contract helps.
With such an surplus in cap space, speculation abounds regarding the 49ers’ next move. Maybe a possible trade is coming.