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49ers | Close with Hanks

The San Jose Mercury News reports the San Francisco 49ers are close to agreeing to a restructured contract with S Merton Hanks. The deal would run through the 2002 season. "It's a happy ending," agent Leigh Steinberg said. "We could complete everything by this week." Under his present contract, which also runs through 2002, Hanks is scheduled to earn $2.35 million in base pay. Steinberg said the alterations to the contract will be reduced to $500,000, with a $1 million signing bonus and incentives that will make it more than $2.35 million if he returns to the Pro Bowl. The 49ers will now be able to pursue franchise player WR Terrell Owens as well as other Free Agents they have been eyeing.

1999-03-15 00:25:00 | Source:

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