49ers Signing OLB Leonard Floyd

According to Rapoport, Floyd receives a two-year, $20 million contract worth up to $24 million. 

Floyd, 31, is a former first-round pick of the Bears back in 2016. He was in the final year of his four-year, $15.7 million contract when the Bears picked up his fifth-year option worth $13.22 million for the 2020 season.

However, Chicago released Floyd before the option became guaranteed at the start of the 2020 league year. He later agreed to a one-year contract with the Rams. 

The Rams and Floyd later agreed to a four-year, $64 million extension in 2021. However, the Rams released him last offseason and he eventually signed a one-year deal worth $7 million with the Bills.