49ers create nearly $12 million in cap space on Day 1 of the NFL draft

[ASFN Admin]

After the big wave of free agency, the San Francisco 49ers entered the 2026 NFL draft with a ton of cap space to sign their full class and potentially make some more moves after the three-day event.

However, the 49ers felt they needed more space to work with, so they decided to make a small tweak to new defensive lineman Osa Odighizuwa's contract. San Francisco converted $14.5 million of Odighizuwa's salary into a signing bonus, which created an additional $11.6 million in cap space, per Spotrac.

Odighizuwa now has a $5,12 million cap hit for the 2026 season with a $1.72 million base salary, $2.91 million prorated signing bonus and $500,000 in per-game roster bonuses.

There are always some surprise players that hit the market between the conclusion of the draft and the start of the season, so their roughly $40 million in cap space, should put them in the mix for any free agent they want.

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This article originally appeared on Niners Wire: 49ers restructure Osa Odighizuwa's contract for 2026 season

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