All-Pro Linebacker Patrick Willis agreed to a contract restructure that creates more than $1.2 million of salary-cap room, a source told Matt Maiocco of CSN Bayarea on Friday.
Willis agreed to have $1.687 million of his scheduled 2013 base salary of $2.4 million converted to a signing bonus that can be prorated over the final four years of Willis’ contract. His new 2013 base salary of $715,000 also becomes fully guaranteed.
Now, the 49ers have $2.15 million in salary cap space, according to a source. That figure is close to the amount the 49ers will need to sign their draft class.