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.
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