Josina Anderson of ESPN reports that the 49ers are, in fact, releasing veteran CB Carlos Rogers.
Rogers, 32, signed a four-year, $29.3 million contract with the 49ers back in 2012 and still had two years remaining at base salaries of $6.25 million and $7.25 million respectively.
His cap figure was just above $8 million next season and the 49ers will free up around $5 million in cap space by releasing him, according to OverTheCap.com.
Last year, Rogers totaled 47 tackles, two interceptions, and eight pass defenses over the course of 16 games last season. Pro Football Focus rated Rogers as the No. 71 cornerback in 2013, struggling particularly in coverage.