At the start of free agency, the San Francisco 49ers signed defensive end Leonard Floyd to a two-year deal worth $20 million, with $12 million guaranteed. It has been the team's most significant offseason move thus far.
OverTheCap.com recently revealed Floyd's contract details. While the deal may be for two years, three void years are attached to the contract, allowing the defensive end's $10.79 million signing bonus to be spread through 2028.
Floyd's impact in 2024 is minimal. He is scheduled to earn a guaranteed $1.21 million base salary and count only $3.418 million against this year's salary cap.
The following are the details of Floyd's contract.
2024
Base salary: $1,210,000
Prorated signing bonus: $2,158,000
Workout bonus: $50,000
Guaranteed salary: $1,210,000
Salary-cap number: $3,418,000
2025
Base salary: $7,900,000
Prorated signing bonus: $2,158,000
Workout bonus: $50,000
Guaranteed salary: $0
Salary-cap number: $10,108,000
2026
Base salary: Void
Prorated signing bonus: $2,158,000
Salary-cap number: $6,474,000
2027
Base salary: Void
Prorated signing bonus: $2,158,000
Salary-cap number: $0
2028
Base salary: Void
Prorated signing bonus: $2,158,000
Salary-cap number: $0
Total
Base salary: $9,110,000
Prorated signing bonus: $10,790,000
Workout bonus: $100,000
Guaranteed salary: $1,210,000
Salary-cap number: $20,000,000
As per OverTheCap.com, the 49ers are currently listed at $9,146,910 under the salary cap.