According to NBC's Dianna Marie Russini, the move would save $5.5 million of the 49ers cap room. But according to Niners Nation and Over The Cap's Jason Hurley, Johnson's release would save upwards of $6.025 million cap space.
Per sources, 49ers are expected to release Stevie Johnson. This will save 5.5 million of cap room. #49ers— Dianna Marie Russini (@NBCdianna) February 28, 2015
Johnson was acquired by the Buffalo Bills during the 2014 NFL Draft for a conditional fourth round draft pick that could have potentially turned into a third rounder, if not for lack of production this year due to a knee injury.
The reportedly soon-to-be free agent receiver is only 28-years-old and could be worth a look by the Jaguars. He was effective in a limited role last season, catching 70% of the passes in which he was targeted and averaging 12.4 yards per reception.