Floyd was released by the 49ers on Tuesday, and it took mere hours for him to find a new home. The 32-year-old will get $10 million according to Ian Rapoport of NFL Network. Floyd was able to procure 8.5 sacks with San Francisco in 2024, and he should be one of the primary pass-rushers for Atlanta in the 2025 campaign.

This will only save a little under $1.5 million against the cap unless the 49ers submit it as a post-June 1 release, and they already used one of their post-June 1 tags on Javon Hargrave. Floyd had 11 sacks last year and has essentially become a mercenary No. 2 EDGE at this point. It’s possible the 49ers are clearing a spot for Joey Bosa with this move. Floyd will look to find a new line after just one year with the 49ers.

Floyd suffered a sprained knee in the team’s preseason finale Friday. His presence at practice Wednesday allows 49ers faithful to exhale after it was revealed that there was no long-term or structural damage to his knee. The offseason acquisition has amassed 9.0 or more sacks in four consecutive seasons while playing for the Rams and Bills and gives the 49ers a legitimate presence off the edge opposite Nick Bosa.

In addition to Floyd, defensive tackle Yetur Gross-Matos is also believed to have suffered a sprained knee. Both players will undergo MRIs on Saturday to confirm their injuries and their severity. Floyd signed a one-year contract with the 49ers this offseason and is coming off a 10.5-sack year with the Bills, which tied his career high. We’ll see if either player’s absence stretches into the regular season. The 49ers open the year on September 9 against the Jets.