SANTA CLARA, CA – AUGUST 30: A San Francisco 49ers helmet on the sidelines during their preseason game against the Los Angeles Chargers at Levi’s Stadium on August 30, 2018 in Santa Clara, California. (Photo by Ezra Shaw/Getty Images)

The San Francisco 49ers have released a veteran defensive back from their roster in a cap-saving move, less than two weeks after their Super Bowl 58 loss.

On Friday, the 49ers announced that they have released cornerback Isaiah Oliver. The former Atlanta Falcons’ second-round pick (58th overall in 2018) signed a two-year with the 49ers last offseason following a five-year run with the NFC South club.

The 49ers clear $2.4 million in cap space with the move, sending Oliver to free agency for the second consecutive year. The 2024 NFL free agent market will open doors at 4:00 p.m. EST on March 13.

Oliver appeared in each of the 49ers’ 17 regular season games, though he was only designated as a starter for six of them. Oliver had one interception, two pass defenses and a career-high 67 combined tackles.

After losing Super Bowl 58 to the Kansas City Chiefs, 49ers head coach Kyle Shanahan fired Steve Wilks in a surprise move. Shanahan has yet to announce a replacement, with former New England Patriots Bill Belichick being widely suggested as a possible target.

For his career, the former Colorado star has three interceptions, 36 pass breakups, three forced fumbles, two sacks and 270 combined tackles in 79 regular season games.