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Details emerge from Leonard Floyd’s contract: He has a cap hit of $3.4 million in ‘24

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Over the Cap has the updated contract details for San Francisco 49ers edge rusher Leonard Floyd, who many expect to start in 2024. Floyd agreed to a two-year deal with the Niners on March 11.

His contract is worth $20 million, with $12 million guaranteed, and that includes a $10.79 million signing bonus. There are three void years on Floyd’s contract for salary cap purposes.

By adding three void years, San Francisco spread Floyd’s signing bonus out over five years instead of two. So his prorated signing bonus comes out to $2.