Goodwin deal creates $1.85 million in cap space

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Gantt recently pointed out that 49ers center Jonathan Goodwin reduced his salary from $3.7 million to $2.5 million.  But he created even more than $1.2 million in cap space for the team.

Per a source with knowledge of the deal, Goodwin also gave up $665,000 in so-called “likely to be earned” incentives, which while not vested nevertheless counted against the cap.

As a result, Goodwin’s cap number of $5.016 million has dropped to $3.166 million, creating $1.85 million in cap space.

In exchange for giving up $1.85 million in potential earnings this year, $1 million of Goodwin’s base salary is now fully guaranteed.

In 2011, Goodwin signed a three-year deal with a $2 million signing bonus and $4 million guaranteed.  The new deal was signed on May 23.