In an update to an earlier story, the 49ers have announced the signing of quarterback Seneca Wallace to a one-year deal. With the current backups struggling, Wallace was brought in for a workout and the team apparently liked what they saw. The more surprising news in this story is that the team waived wide receiver Ricardo Lockette to make room for Wallace.
Wallace will be immediately thrust into the competition to backup Colin Kaepernick. He will be competing against Colt McCoy, Scott Tolzien and rookie B.J. Daniels for a roster spot. The 49ers bringing in Wallace is not good news for any of them, as their place on the team now appears to be on shaky ground.
As far as Lockette, he was thought of as an intriguing player because of his speed and the time he spent in the offseason working out with Kaepernick. While he probably was not going to make the 53-man roster anyway, he appeared to be a likely candidate for the practice squad. Lockette had played well on special teams so far this preseason, which is something a fifth or sixth receiver on a roster must generally do.