Before the Alex Smith trade was made official, San Francisco was seemingly hurting for salary-cap space. Couple that move with the release of David Akers, and the 49ers are now sitting pretty at the beginning of free agency. Those two moves alone cleared $11.55 million in space.
However, the acquisition of Anquan Boldin will add $6 million to the Niners' cap number. According to Spotrac, their total cap figure right now is at $118,367,079, which means they are $4,632,921 under the salary-cap floor.
I feel a restructure coming on for Boldin when he returns home from his African trip. It also wouldn't surprise me if a veteran player got the ax in favor of another veteran.
Let's examine the moves San Francisco has made up until this point, and the ramifications they have on the salary cap.
Signed kicker Phil Dawson, according to his very own Twitter account. Financial terms of the deal have not been disclosed at this time.
Signed safety Craig Dahl to a three-year deal, per Matt Maiocco's Twitter account. It is a $5 million deal with an $800,000 signing bonus.
Signed linebacker Dan Skuta to a two-year deal, per Matt Maiocco. Financial terms have not been disclosed at this time
Signed defensive tackle Glenn Dorsey to a two-year deal, according to Eric Branch of sfgate.com. It is a $6 million deal with a $2.285 million signing bonus.
Re-signed nose tackle Ian Williams, per Matt Maiocco of CSN Bay Area. It's a two-year contract extension that is worth $3.2 million.
Tendered a one-year contract to cornerback Tramaine Brock, per Branch. The deal is an "original round" tender worth $1.323 million.
Estimated Cap Space: $121,101,245 [March 21, 11:37 p.m. ET]