Less than a year after the San Francisco 49ers acquired Anquan Boldin in a trade with the Baltimore Ravens, the team is working on a multi-year extension with the wide receiver that will keep the three-time Pro Bowler with the team, according to Matt Maiocco of CSN Bay Area.
Boldin, 33, played the final season of a three-year, $25 million extension he signed right after he was traded from the Arizona Cardinals to the Ravens in March 2010. Prior to that he received a six-year, $23.5 million deal from the Cardinals in 2005 after earning AP Offensive Rookie of the Year honors in 2003.
After 11 seasons in the NFL and a 34th birthday coming during the 2014 season, Boldin isn't going to be the recipient of a contract with very many years on it, but Maiocco does report that it is a multi-year extension that the two sides are working on.
The 49ers don't have much cap space to work with either, as Over The Cap estimates the team is entering the offseason with roughly $5.5 million to work with. The team is likely to clear some of that space with the likely release of cornerback Carlos Rogers, who is due to count more than $8 million against San Francisco's cap in 2014 and more than $9 million in 2015.
Ultimately, the 49ers will likely look to avoid tying too much money to an aging receiver like Boldin. Instead expect the team to attempt to create a contract that is incentive-laden or carries the majority of its cap hit in the latter half of the deal.
Jason Hurley of SB Nation's 49ers blog, Niners Nation, outlined the deals received by Reggie Wayne and Santana Moss in 2012 and 2011, respectively, as possible framework for a new deal for Boldin. Hurley also provided the parameters of the deal he would make with Boldin if he was in charge of the team:
If I was the one doing the negotiating, I would seek a 3-year deal, worth $18 million, with a $6.5 million signing bonus. I believe this deal is fair for both the 49ers, and Boldin. Now, whether this is the deal that happens, I can't say for sure, but hopefully we should know soon.
Boldin finished his first season with the 49ers with 85 receptions for 1,179 receiving yards and seven touchdowns.