49ers Get: Edge Trey Hendrickson, 2025 first-round pick (17th overall)
Bengals Get: 2025 first-round pick (11th overall), 2025 third-round pick (75th overall), 2025 third-round pick (100th overall)
While the San Francisco 49ers may not be undergoing a full-on rebuild this offseason, they have allowed several key contributors to walk and must now find ways to replace them.
Pass-rusher Leonard Floyd was among the departures, as he was released during the legal-contact window. The 49ers have yet to replace him and are still searching for a quality complement to edge-rusher Nick Bosa.
There was some speculation that San Francisco would try to pair Bosa with his brother, Joey, following his release from the Los Angeles Chargers. However, the elder Bosa signed with the Buffalo Bills instead, and it appears he was never particularly close to joining the 49ers.
“It didn’t sound like that got close at all, really, to happening,” NFL Network’s Ian Rapoport said last month (h/t David Bonilla of 49ers Webzone).
The 49ers could look for their No. 2 pass-rusher in the draft—the B/R Scouting Department recently mocked Texas A&M’s Shemar Stewart to San Francisco. With $40.3 million in cap space, they could also consider pivoting to Hendrickson.
San Francisco is equipped with two third-round picks—it was awarded a special compensatory selection for the external hirings of DeMeco Ryans and Ran Carthon. It could offer both selections, along with a fairly sizeable first-round jump, to Cincinnati for Hendrickson.
