NFL free agency is off and running, and we’re keeping track of every major signing, trade and release of the 2024 offseason, with analysis from our NFL Nation reporters and grades from our experts. The new league year began at 4 p.m. ET Wednesday, which means free agent signings can be made official after that. The first round of the 2024 NFL draft begins April 25 on ESPN.

Here’s a breakdown of every 2024 NFL free agent signing by the San Francisco 49ers and how each will impact the upcoming season:

The 49ers signed the veteran pass-rusher to a two-year deal worth up to $24 million.

What it means: Given the amount of free agents they have along the defensive line, adding here was always going to be a priority this offseason. In Floyd, the Niners get a durable, accomplished pass-rusher (58 career sacks, including a career-high 10.5 last year) who is familiar with new assistant coach Brandon Staley from their time together with the Los Angeles Rams and Chicago Bears. Floyd should step in immediately and provide more pass-rush punch opposite Nick Bosa than what the Niners got in 2023.

What’s the risk: Floyd will turn 32 at the start of the season and though he’s been at his best over the past four seasons, he has mainly served as a situational pass-rusher rather than a three-down end. He played 54% of the snaps for the Bills last season. The money here is about right for a pass-rusher of Floyd’s age and caliber and there’s little risk given the length of the deal but the Niners will need to continue to add help at end in order to maximize what Floyd brings to the table.