Newly signed wide receiver Mario Manningham will account $2.487 million on the 49ers' 2012 salary cap, a league source told CSNBayArea.com on Friday.
The 49ers and Manningham agreed to a two-year, $7.375 million contract that includes a $2 million signing bonus and another $2.45 million in salary guarantees, the source said.
Manningham's base salaries are $1.2 million in 2012 and $3.6 million in 2013. He is scheduled to count $4.887 on the 49ers' 2013 salary cap.
In comparison, the Washington Redskins signed former 49ers receiver Josh Morgan to a two-year, $11.5 million contract on the first day of free agency that included a $5.5 million signing bonus....
That does not appear to be the cap-killing number many of us had figured it would be. This also leads us to believe that the Giants did not want to retain Mario at any cost.
It also gives us insight on the team's plans.....Victor Cruz to WR and one of the many remaining candidates (Jermigan, Barden, Hixon) to the slot.
It could also mean that the Giants may draft a TE such as Coby Fleener and use him there like an Aaron Hernandez.
This is, after all, a copycat league....