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ESPN's Field Yates revealed the details of linebacker Mychal Kendricks' one-year contract with the San Francisco 49ers. Ian Rapoport of NFL Network first reported news of his signing on Saturday night, and the 49ers officially announced the signing on Monday.
Kendricks is set to earn $1.215 million, including a $200,000 bonus. However, he will only count $866,176 against the salary cap as part of the "veteran salary benefit" (formerly known as the "minimum salary benefit"). It allows a team to offer a qualifying contract to a veteran player while absorbing a reduced salary cap hit.
A pair of recent veteran deals:
🏈 Bears OT Jason Peters: One-year, $1.75M deal including a $250K signing bonus and $1.075M base salary.
🏈49ers LB Mychal Kendricks: One-year, $1.215M (including $200K guaranteed) and a cap charge of $866,176 as a minimum salary benefit deal.
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