San Francisco traded Lee to Cleveland in exchange for a seventh-round pick, ESPN's Adam Schefter reports.

Lee has been one of the league's best punters of the past 10 years or so, but the 49ers decided to move on earlier this offseason when they selected Clemson punter Brett Pinion in the fifth round of the 2015 draft. Lee should see no shortage of work in Cleveland.

49ers P Andy Lee's six-year extension is worth $20.5 million, with $7.1 million paid out in the first two years.

Tacked onto the $1.1 million left on Lee's old contract, it's actually worth just $3.09 million annually -- significantly less than originally expected and nearly a full $1 million per year lower than Shane Lechler's Raiders deal. Lee essentially took a hometown discount. He's now signed through his age-36 season.

49ers agreed to a contract extension with P Andy Lee.

Beat writer Matt Maiocco expects the deal to be in the range of $4 million annually, which is unheard for any punter not named Shane Lechler. To Lee's credit, he's certainly in Lechler's class -- and a major reason why the 49ers boasted one of the strongest special teams units of the past decade in 2011. Pro Football Focus rated Lee as the second-best punter in the NFL last season, just ahead of Lechler.