49ers wide receiver Jon Baldwin has restructured the final year of his current contract, according to a league source.
The 24-year-old had his base salary reduced from $1.4 million to $645,000, though he can earn the difference of $755,000 back in the form of incentives.
Baldwin's deal includes incentives tied to receiving yards, receptions and offensive playing time.
If Baldwin surpasses 65 receptions next season, he will earn $255,000. If he surpasses 800 receiving yards, he will earn $250,000. And if he surpasses 80 percent of the offensive snaps, he will earn $250,000 more.
Should he reach all three of these barometers, which is unlikely based on his performance through his first three NFL seasons, he will make the total of $1.4 million that he was originally scheduled to earn.
The deal does not include any guaranteed money, so the 49ers have an out to move on from Baldwin without penalty if he does not fit their roster plans for 2014.