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.
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