Although early June no longer serves as a stretch in which a wave of veterans are released for cap-saving purposes, June 2 still serves as an important calendar date for certain teams annually. Nine teams qualify as beneficiaries this year.
Eleven players were designated as post-June 1 cuts this year, via CBS Sports’ Joel Corry. Due to a longstanding CBA provision, teams that designate players as post-June 1 releases see the dead-money burden lessened for that year. Teams can designate up to two players as post-June 1 releases each year.
Here are 2022’s post-June 1 cuts, along with the belated cap savings the teams picked up Thursday:
Arizona Cardinals
Chicago Bears
Cleveland Browns
Dallas Cowboys
Las Vegas Raiders
Philadelphia Eagles
Seattle Seahawks
Tennessee Titans
Washington Commanders
As detailed in PFR’s glossary, post-June 1 cuts spread dead-money hits over two years. These teams will be taking on dead money this year and next. A few of the 2023 hits are substantial, but the league’s cap-space hierarchy changed significantly Thursday as well.
Because of multiple restructures, Raiders will carry $9.9MM in Littleton dead money next year. The Cowboys will take on $8.7MM in 2023 for cutting Collins, while the Titans will be hit with $8.4MM for their Jones release. Cleveland, which just gave David Njoku a $14.2MM-per-year deal, will carry a $7.5MM dead-money cost next year due to shedding Hooper’s eight-figure-AAV deal early. The Eagles will be tagged with $11.5MM for their Cox cut, with Corry noting that is the net difference because of a $3.2MM salary cap credit regarding Cox’s 2022 bonus proration. Philadelphia re-signed the perennial Pro Bowler on a one-year, $14MM deal.
Hooper’s release pushes Cleveland’s cap space to beyond $40MM; the Browns’ overall cap-space edge is now a whopping $15MM. That should help the team address multiple needs ahead of training camp. Other teams have more options now, too. As of Thursday, the…