49ers, Willis agree to restructure to create cap space

49ers, Willis agree to restructure to create cap space
April 26, 2013, 11:00 am
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The 49ers have $2.15 million in salary cap space after Patrick Willis' restructure. (USA TODAY IMAGES)

All-Pro Linebacker Patrick Willis agreed to a contract restructure that creates more than $1.2 million of salary-cap room, a source told CSNBayArea.com 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.