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Colt McCoy takes a pay cut, sort of

McCoy AP

The day after 49ers coach Jim Harbaugh proclaimed Colt McCoy to be the team’s backup quarterback, McCoy agreed to a dramatic reduction of his base salary.

We doubt it’s a coincidence.

PFT has confirmed that McCoy, in a new contract finalized on Monday, August 26, McCoy dropped his base salary from $1.5 million to the fourth-year minimum of $630,000, with the balance converted to per-game roster bonuses.

That’s a total of $870,000, earned at the rate of $54,375 per game on which McCoy is named to the active, 46-man roster.

If McCoy really is the backup quarterback, he’ll be active for every game, and he’ll earn his money.  If he slips behind B.J. Daniels or Seneca Wallace, the 49ers will save $54,375 for each game in which the 49ers add McCoy to the game-day inactive list.

If the 49ers believe in McCoy as the backup to Colin Kaepernick, why squeeze McCoy to reduce his base salary and to stay healthy?  Any injury that knocks him out of the lineup will cost him significantly.

The truth likely is that the 49ers were on the fence about McCoy at $1.5 million, absent a guarantee he’ll be dressed for every game.  With the assurance that they’ll pay him less if he doesn’t suit up, the 49ers felt better about keeping him around.

All things considered, it’s hardly a ringing endorsement for McCoy, and it makes us wonder whether the 49ers believe that, in time, Daniels or Wallace will leapfrog McCoy.

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9 Responses to “Colt McCoy takes a pay cut, sort of”
  1. illinininer says: Aug 28, 2013 10:50 PM

    He was approached about it and agreed to the pay cut on Saturday. The fact it was finalized and made official on Monday is a technicality. I first heard about it during the game on Sunday night.

  2. bobzilla1001 says: Aug 28, 2013 11:29 PM

    Colt McCoy: The winningest quarterback in college football history. McCoy is just another reason win/loss records should not be attached to quarterbacks.

  3. asimonetti88 says: Aug 29, 2013 12:23 AM

    bobzilla1001 says:
    Aug 28, 2013 11:29 PM
    Colt McCoy: The winningest quarterback in college football history. McCoy is just another reason win/loss records should not be attached to quarterbacks.
    —————————————————-

    Kellen Moore is the winningest quarterback in college football history.

  4. sportsfan18 says: Aug 29, 2013 12:35 AM

    Well duh, anyone would take $630,000 vs. nothing… Also, he’ll be on the active roster for some of the games, not sure how many but even if it’s only 6 of the 16, that’s still over $956K and if he’s on the active game day roster for 7 games then he’ll earn more than $1 million.

    Anywhere between $630K and a million or so is more than he’s likely to earn out of football from Sept through Dec…

  5. petehemlock says: Aug 29, 2013 6:47 AM

    He should go back to the action/romance novels where he belongs.

  6. chazatlas says: Aug 29, 2013 1:51 PM

    $54,300 per game for holding a clip board for 3 hrs every Sunday? Not a bad gig.

  7. hawkhater3825 says: Aug 29, 2013 2:53 PM

    Colt Mcoy ..lucky to be on roster at all….BJ…made him look like a high school QB…Daniels best choice for back up…

  8. tyltram03 says: Sep 18, 2013 4:20 AM

    sportsfan… im not sure where you learned your math.. 6 games at $54,000 is a little closer to $326,000. im not even sure where you learned to read. the article clearly states that he would earn $870,000 if he were to dress for all 16 games of the season.

  9. drfrankenstan says: Oct 3, 2013 10:40 PM

    tyltram03…it is clear in the article that the $870,000 mentioned would be in addition to the $630,000 minimum, for a total of his original $1.5 million.

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