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Editor's Update: Vernon Davis had the following posted on his Twitter account, at 2:51 p.m. on Monday, "We got plenty of time y'all I'll sign an extension soon I'm sure don't worry I'm in 100%"
There is little argument the 49ers had to arrive at
a lucrative, long-term extension for linebacker
Patrick Willis. After all, Willis embodies every quality coach Mike Singletary values.
But the same can be said of tight end
Vernon Davis, whose original rookie contact is set to expire at the end of the season.
Two league sources told Comcast SportsNet Bay Area the
49ers and Davis’ camp are working toward a contract extension. According to the two independent sources, Davis’ side is asking for a five-year, $40 million contract with $25 million in guaranteed money.
While a contract that averages $8 million a year is considered high, it is a reasonable enough starting point for the sides to continue their discussions.
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But can the 49ers, among the lower-revenue teams in the NFL, afford to pay Davis so soon after Willis was awarded a five-year, $50 million extension? It’s a legitimate question for an organization that is campaigning for a new stadium that would provide a huge increase in revenue streams.
One source said a large portion of Willis’ money is deferred to 2013, which would enable the 49ers the financial flexibility to award Davis a new contract before the start of this season.
It benefits Davis to sign a long-term contract now before running the risk of injury through another season. And the 49ers can get Davis at a better price now than if he were to put together back-to-back outstanding seasons and hit the open market as an unrestricted free agent.
(The 49ers might be able to exercise the “franchise tag