The San Francisco 49ers have until Aug. 30 at 4 p.m. ET to release or trade veteran quarterback Jimmy Garoppolo. Otherwise, they’ll be on the hook for his non-guaranteed $24.2M base salary and $26.9M salary-cap hit for 2022.
There is, however, no financial benefit in cutting Garoppolo before that time, so the 49ers understandably are hoping an interested party will eventually send them at least one valuable asset for the 30-year-old now that he’s been replaced atop the depth chart by 2021 rookie Trey Lance.
It’s been widely assumed since this past winter that the 49ers would not hold onto Garoppolo if they named Lance their QB1, which they did at the start of training camp. Maiocco added in his piece, though, that Jimmy G could potentially “accept a backup role and the significant pay cut that would come along with it” to stay with his current employer.