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49ers Releasing WR Torrey Smith

Update:

Torrey Smith has confirmed his release via his Instagram account.

I would like to say thank you to the @49ers for allowing me to wear red and gold for the last 2 seasons. It didn’t go the way we wanted it to but I’m thankful for the relationships I was able to build. I had a great time in the locker room with my teammates and equipment staff. I’d like to apologize to the fans because you didn’t get to see me at my best. Regardless of what other may think, I believe the 49ers organization is first class and is heading in the right direction. I would like to say thanks to my man Dan…Bob..and all of the PR staff for showing love to my family. Furgie, the training staff and doctors for taking care of me. The community relations team is arguably the best in the country! I appreciate you all for allowing us to be a part of it and I will continue to support any way I can…it’s a million other folks I need to thank…from Hannah to Joanne..T Lloyd and Lil Kym…but I don’t have enough time. Jed keep up the great work I know how important it is to you to succeed. All the best to my boys and the new regime. One final shoutout to the janitors and the chef’s y’all were always great to me. Good luck next year. Stay Blessed!!!

A post shared by Torrey Smith (@torreysmithwr) on

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The San Francisco 49ers are releasing veteran WR Torrey Smith on Monday, according to former NFL player Steve Smith.

Last year, Smith was reportedly available for trade ahead of the deadline with the Eagles being a possible trade partner. However, the deadline came and went without a deal being completed.

The 49ers really need help at receiver, even when they still had Smith on their roster, but it appears as though they would prefer to completely start over at the position.

Smith, 28, is a former second-round pick of the Ravens back in 2011. He was entering the third year of his five-year, $40 million contract that includes $22 million guaranteed and was set to make a base salary of $6.5 million for the 2017 season.

According to OverTheCap.com, releasing Smith will free up $4,675,000 of available cap space while creating $4.8 million in dead money.

In 2016, Smith has appeared in 12 games for the 49ers and caught 20 passes for 267 yards receiving and three touchdowns. Pro Football Focus has him rated as the No. 117 receiver out of 118 qualifying players.

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