Davis has been absent from the team's offseason program forfeiting a $200,000 workout bonus. He's slated to earn $4.7 million in base pay and over $2 million in escalators in 2014. The former first-round pick signed a five-year, $37 million extension in 2010 making him the highest paid tight end in the league at the time.
The 30-year-old has two seasons remaining on that deal and is likely looking for an extension. Meanwhile, the 49ers are also facing pending free agency for a group of other important players including Colin Kaepernick, Michael Crabtree, Aldon Smith and Mike Iupati.
San Francisco is reportedly $1.73 million under the salary cap, but will gain $6.6 million in space June 1 once Carlos Rogers contract is off the team's books.
The $7.35 million per season Davis gets under his current deal is third the third-most in the NFL for tight ends behind Rob Gronkowski ($9 million) and Jason Witten ($7.4 million). Graham was recently franchised by the New Orleans Saints, but the players' association is filing a grievance saying he should be paid as a wide receiver. Graham spent 45 percent of his snaps in the slot and 22 percent out wide, according to ESPN. The franchise tag for receivers is reportedly $12.132 million while tight ends get $7.503 - a difference of over $5 million.
Jim Harbaugh indicated that he wasn't concerned with Davis' absent from OTAs Wednesday.
"As you know, the workouts are voluntary, that would be the reason (for Davis' absence)," Harbaugh said.
Davis accounted for 62 percent of the team's touchdown receptions last season, helping to keep the passing game afloat while it struggled without Crabtree for the first 11 games of the season. The 49ers went 0-3 in games Davis missed all or parts of with injury.
According to a report from the NFL Network, San Francisco has been aware of Davis' unhappiness with his contract dating back to the end of the season. While these OTAs are voluntary, the team's mandatory minicamp is June 12-13.
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