49ers Lead NFL Cap Space After Williams Extension

Trent Williams signed a two-year, $50 million extension ($48.5M guaranteed) with a structure including void years to spread a $56.27M signing bonus over five years, plus potential 2027- and 2028-related guarantees and roster bonuses. Post-draft, the 49ers hold the NFL's top cap space (about $71.27M in cap space; effective space ~ $67.8M), but they'll be in the red in 2027 and only mildly solvent in 2028, making rollover space critical to their long-term balance sheet rather than a big free-agent splurge next year.