Tight end Vernon Davis, cornerback Carlos Rogers and defensive lineman Ray McDonald restructured their contracts to provide the 49ers with the necessary cap room to award Bowman with a $7.5 million signing bonus, a league source told CSNBayArea.com on Friday.
Bowman, whose original four-year deal averaged $623,062 annually through 2013, signed a five-year extension this week through 2018 that averages $8.911 million annually.
Because of his signing bonus, Bowman’s 2012 cap figure immediately rose from $717,887 to $2.217 million, the source said.
In order to fit Bowman’s new deal under their salary cap, the 49ers turned to three veterans to clear nearly $2.5 million in cap space.
When players restructure their contracts it’s always a win-win deal for both the player and the organization. The team usually restructures the contract so the player will get their bonus money now instead of down the road.