The move creates $9.5 million in salary cap space for the Bay Area team. Paired with Ward's restructuring, the 49ers created nearly $20 million of additional cap space.
In 2021, Warner and the 49ers agreed to a five-year, $95.225 million deal, including $40.5 million guaranteed. He was slated to count $18.525 million against the team's 2023 salary cap. NFL teams must be under the $224.8 million salary cap by the start of the new league year on Wednesday at 1 p.m. PT.
More San Francisco 49ers News
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49ers' cap space drops to an estimated $34 million after Deebo Samuel trade
The San Francisco 49ers knew they would absorb a significant salary cap hit by trading Deebo Samuel, yet they still honored the receiver's request to play elsewhere. On Saturday, the team agreed to send Samuel to the Washington Commanders in exchange for a fifth-round draft... -
ESPN lists several 49ers D-linemen as potential cap casualties
The San Francisco 49ers could once again look to revamp their defensive line. They attempted to do so last year with some underwhelming results. As a unit, the 49ers' defense earned a 68.1 pass rush grade from Pro Football Focus, ranking 18th in the NFL. Their run defense grade... -
Broncos signing 49ers safety Talanoa Hufanga to a 3-year, $45 million deal
Safety Talanoa Hufanga's time with the San Francisco 49ers has come to an end. According to ESPN's Adam Schefter, the Denver Broncos are reportedly signing the impending unrestricted free agent to a three-year deal worth up to $45 million, with $20 million guaranteed. Broncos... -
49ers signing TE Luke Farrell to a 3-year, $20.3 million deal
The San Francisco 49ers have been searching for a tight end to complement All-Pro George Kittle for years. ESPN's Jeremy Fowler reports that the team is signing former Jacksonville Jaguars tight end Luke Farrell to a three-year deal worth up to $20.25 million, with $11 million...