The deal was first reported a week ago, but it took a week to get the final details sorted out. The deal does not become official until a signed contract is returned to the 49ers and they receive league approval. In his conference call with the media, Manningham seemed to indicate there were some final details being negotiated. Whatever the case, the deal is now 100% official.
According to Matt Maiocco, Manningham's two year deal is worth $7.375 million, which includes a $2 million bonus. He will have base salaries of $1.2 million in 2012 and $3.6 million in 2013. His cap hits look to be $2.487 million in 2012 and $4.887 million in 2013.
The most notable part of the contract is the fact that it is over $4M less than the deal Joshua Morgan signed with the Washington Redskins. It will be interesting to see how the two receivers careers go over the next two years given the fact that the 49ers are almost "replacing" Morgan with Manningham. Morgan could end up blowing up, but given the numbers in front of us, it is not really surprising the 49ers were willing to let Morgan walk.
In other news, Matt Barrows is reporting that Josh Johnson's contract is basically a two year deal worth a little under $2 million, including a $350,000 signing bonus. The deal could also include up to $1.5 million in incentives, but those reportedly will require starting time and extremely strong performances in those starts.
Chalk up another victory for the 49ers negotiating Jedi, Paraag Marathe. Thanks to @Lee_Zy for putting together the picture.
Source: http://rd.sportsblogs.org/viewEntry.php?id=3571871&src=rss
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