After figuring cornerback Nnamdi Asomugha's contract into the equation, the 49ers are $1.714 million under the league's salary cap, a league source told CSNBayArea.com on Monday.
Right tackle Anthony Davis' five-year extension has yet to be tabulated. It is not known what impact, if any, Davis' contract has on the 49ers' 2013 cap. Before his new deal, Davis accounted for $3.56 million on the 2013 cap.
[NEWS: Davis extended through 2019]
Davis' new deal reportedly includes $37.295 million in new money over the five additional years of the deal, which runs through the 2019 season. The real numbers often turn out to be different than what was originally reported.
If the 49ers keep their scheduled 13 draft picks, they can be expected to spent approximately $9 million in signing bonuses, according to a league source. That would work out to about $2.25 million in cap space to sign their rookie class.
Of course, it's highly unlikely the 49ers end up selecting 13 players in the draft.
The 49ers do not appear inclined to make any veteran cuts to create cap space -- at least not until they let some competitions play out over the course of the offseason. The top 51 players count against the salary cap until the final cuts when all 53 players and the practice squad must fit under the cap.
There promises to be stiff competition at cornerback. The 49ers have already guaranteed Carlos Rogers $1.25 million of his salary for the upcoming season. Asomugha, meanwhile, received no guaranteed money.
According to a league source, his salary cap figure is $1.775 million. Asomugha's one-year contract consists of a $1 million base salary and a $225,000 roster bonus, if he is on the 53-man roster for one game. He can make up to $100,000 total in per-game roster bonuses. Asomugha has a $25,000 offseason workout bonus. And he can make an additional $1.65 million in incentives based on playing time, interceptions, playoffs and postseason honors.
The 49ers are reluctant to commit dollars in future seasons to help create salary-cap space this season because of the number of big-money contracts they are budgeting for 2014 and beyond.
Davis was the first of the 49ers' five potential big-money deals to get done. Guard Mike Iupati, who is signed through 2014, could be the next in line for a lucrative deal. Carl Nicks (Tampa Bay) and Logan Mankins (New England) are currently the NFL's highest-paid guards with average annual salaries of $9.5 million and $8.5 million, respectively.
Quarterback Colin Kaepernick and outside linebacker Aldon Smith are eligible to begin negotiating extensions after the 2013 season. Wide receiver Michael Crabtree also has two years remaining on his original deal.