Notably, Oliver did not take a single defensive snap throughout the 49ers' three playoff games, being utilized exclusively on special teams. He spent only one season with San Francisco.
The move saves the 49ers $2.4 million in salary cap space while creating $1.46 million in dead money, per OverTheCap.com.
49ers Communications provided the following rundown.
Oliver (6-0, 202) originally signed with the 49ers on March 15, 2023. In 2023, he appeared in 17 games (six starts) and registered 58 tackles, two passes defensed, one interception and one fumble recovery. He also appeared in all three postseason games.
A 26-year-old native of Phoenix, AZ, Oliver attended the University of Colorado for three years (2015-17) where he appeared in 36 games (25 starts) and registered 82 tackles, 32 passes defensed and three interceptions. While at Colorado, Oliver earned First-Team All-Pac-12 honors as a junior in 2017.
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