Davis has two years left on a six-year, $42.559 million contract extension he signed in 2010. Of all players at Davis' position, only Dallas Cowboys tight end Jason Witten, who is scheduled to make $7.4 million in 2014, will receive more in average salary next season than Davis.
The team's mandatory minicamp starts June 17 and Davis can be fined if he does not attend.
“Every decision that I make is in the best interest of my brand,” Davis said on the Jay Mohr Sports radio show, via Comcast SportsNet Bay Area. “At the end of the day, sometimes we have to make a business decision. And my decision is to work out on my own and focus on building my brand, as well as balancing everything out.”
Davis caught 52 passes for 850 yards and 13 touchdowns last season for the 49ers, who made the NFC Championship Game for the third straight year.
“Just being able to retire as a 49er. All my life, it’s my dream to retire as a 49er. That’s the hope I have at the moment," Davis said.MORE COVERAGE: Offseason Report Cards | NFL Power Rankings | 2015 NFL Mock Draft