NFL Post June 1st Salary Cap Updates

Michael Ginnitti
Michael Ginnitti, Managing Editor & NFL/MLB ExpertMay 31, 2024
Share
#cameron sutton #jameis winston #tre'davious white #russell wilson #shaquil barrett #de'vondre campbell #jimmy garoppolo #michael thomas #xavien howard #arik armstead #d.j. humphries #odell beckham, jr. #michael gallup
© USA TODAY Sports

13 NFL players were designated Post June 1st releases this past March, setting up 12 teams to pick up additional cap space this coming weekend. Spotrac details each of the unique scenarios, include financial ramifications for this and next season respectively.

It should also be noted that once the calendar flips to June 2nd, all NFL moves will follow the Post 6/1 rules. This means that dead cap will be split across 2024 & 2025 for all trades, releases, retirements, etc...

Arizona Cardinals

D.J. Humphries (LT)

The long-time blindside blocker in Arizona was released ahead of a potential $16M payout for the 2024 campaign. Instead, the Cardinals will take on dead cap hits of $6.91M in 2024, & $6.91M in 2025. Arizona will free up $15.95M of cap space this weekend. Humphries remains unsigned at this time.

Baltimore Ravens

Odell Beckham, Jr. (WR)

The Ravens built in a dummy year to OBJ’s 1-year contract last season, affording them the opportunity to Post 6/1 his voidable dead cap. In turn, Baltimore will take on $2.767M of dead cap for the upcoming season, & $8.3M in 2025. The Ravens will free up a modest $1.2M of space this weekend. Beckham Jr. has since signed a 1 year $3M contract in Miami.

Buffalo Bills

Tre'Davious White (CB)

White’s 7-year run in Buffalo came to an end this March, forgoing the final 2 seasons of his contract. The Bills will now take on dead cap hits of $6.2M in 2024, and $4.1M in 2025, freeing up $10.2M of cap space this weekend. White has since signed a 1 year, $4.25M contract with the Los Angeles Rams.

Dallas Cowboys

Michael Gallup (WR)

The Cowboys chose to split Gallup’s $13.05M of dead cap across 2024 and 2025. Dallas will take on $4.35M this season, $8.7M next season, freeing up $9.5M for the current league year. Gallup has since signed a 1 year, $1.75M contract with the Raiders.

Denver Broncos

Russell Wilson (QB)

Wilson’s historic release comes with the biggest dead cap figures this league has ever seen. The Broncos will be saddled with a $53M dead cap hit for the upcoming 2024 season, and a $34M dead hit in 2025. Denver will receive a cap credit of up to $1.21M based on his contract with Pittsburgh, but not until after the 2024 season.

Detroit Lions

Cameron Sutton (CB)

Sutton’s $9M salary guarantee was assumedly voided per his legal issues this offseason, leaving Detroit with dead cap hits of $2.18M in 2024, & $6.54M in 2025. The Lions will open up $10.5M of cap space for the summer this weekend. Sutton remains unsigned at this time.

Green Bay Packers

De'Vondre Campbell (ILB)

Green Bay eliminated the final 3 years, $29M of this contract with a Post 6/1 designation this March, opting instead to take on dead cap hits of $3.65M for 2024, and $7.97M in 2025. The Packers will unlock an extra $10.5M of cap space this weekend per the move. Campbell has since signed a 1 year, $5M contract in San Francisco.

Las Vegas Raiders

Jimmy Garoppolo (QB)

Garoppolo’s tenure in Vegas was short-lived, and an out-of-nowhere suspension for PEDs became a late Christmas gift for the Raiders this past Spring, as an $11.25M salary guarantee was voided. Now, Las Vegas will take on dead cap hits of $4.26M for 2024, and $12.8M in 2025, representing a a savings of more than $24M this coming weekend. Garoppolo has since signed a 1 year, $3.1M contract with the LA Rams. 

Miami Dolphins

Xavien Howard (CB)

Injuries and an expensive payroll led to Howard’s eventual release, eliminating the final 3 years, $53.5M of his contract. Miami will now take on dead cap hits of $7.4M for 2024, and $15.6M in 2025, freeing up a much needed $18.5M of space this summer. Howard remains unsigned at this time.

New Orleans Saints

Michael Thomas (WR)

Thomas’ 8-year tenure in New Orleans came to an end this March with the Post 6/1 Designation. New Orleans will now take on dead cap hits of $8.9M for 2024, and $11.1M in 2025, including $2.2M cash per a 2024 roster bonus. The Saints will free up $1.21M of space this weekend. Thomas remains unsigned at this time.

Jameis Winston (QB)

Winston spent 4 seasons in New Orleans before his designation this March, and has since joined Cleveland on a 1 year, $4M contract. The Saints will take on dead cap hits of $3.38M for 2024, & $7.3M in 2025, freeing up $1.21M of space this weekend.

San Francisco 49ers

Arik Armstead (DE)

Like most contenders, the Niners have had to make a difficult release each of the past few offseasons. Armstead was the unfortunate candidate this time around, forgoing the final year of his 5 year, $85M extension. San Francisco stands to take on dead cap hits of $10.5M in 2024, and $14.8M in 2025, freeing up $17.8M of immediate cap space. Armstead has since locked in a 3 year, $43.5M contract in Jacksonville.

Tampa Bay Buccaneers

Shaquil Barrett (OLB)

Barrett’s outstanding 5-year run in Tampa came to an end this March, forgoing the final two seasons of his contract. The Bucs will take on dead cap hits of $9.26M in 2024, and $17.4M in 2025, freeing up $1.91M of immediate cap space this weekend. Barrett has since signed a 1 year, $7M contract with the Dolphins.


#cameron sutton #jameis winston #tre'davious white #russell wilson #shaquil barrett #de'vondre campbell #jimmy garoppolo #michael thomas #xavien howard #arik armstead #d.j. humphries #odell beckham, jr. #michael gallup
Top