Given the recent influx of injuries to quaterback’s around the league, the 49ers might have been trying to sneak something positive out of McCoy, who has been woeful during the preseason.
No teams appeared to be willing to take the bait though, resulting in the 49ers restructuring the contract of McCoy this afternoon, essentially informing he he would be released if he didn’t agree.
Per Matt Barrows:
Hearing 49ers re-did Colt McCoy’s deal for veteran minimum. So $630K. Incentives likely included.
The deal does not include any guaranteed money, so it’s still possible that the Niners could cut still McCoy though the restructuring at least gives McCoy a possibility of sticking on the roster come cut time. It’s also possible they’ll still attempt to trade McCoy as well, but the restructured deal does help out the 49ers while giving McCoy a little more breathing room from being a camp casualty.