According to a league source, San Francisco 49ers wide receiver Ted Ginn agreed earlier this week to reduce his 2011 base salary.
Selected with the 9th overall pick of the 2007 NFL Draft by the Miami Dolphins and traded to the 49ers in April of 2010, Ginn had two years and $4.02 million remaining on his six-year, $21.827 million rookie contract.
Ginn agreed to reduce a 2011 base salary that had escalated to $2,218,750 down to $1 million for the upcoming season. Ginn's salary had increased from $1,393,750, and the 26-year-old does have the ability to earn $400,000 in undisclosed incentives.
Also, as part of the renegotiation, the final year of Ginn's contract ($1.8 million) has been deleted, making him an unrestricted free agent in 2012. (That season could have also voided on minimum playing-time but hadn't yet done so)
Ginn caught 12 passes for 163 yards and a touchdown in his first season with the 49ers, while averaging 21.1 yards per kick return and over 13 yards on 24 punt returns, including a 78-yard touchdown last December.