USA Today Sports – Matthew Emmons
One of the more complex phrases prevalently used this time of year is the Post June 1st release. I’ll do my best to explain this in layman’s terms as it most often applies to a player.
The Cowboys recently released WR Miles Austin, designated him a Post June 1st Release. He carries $7,855,600 in total dead cap right now, $2,749,400 of which is allocated to the 2014 cap, $5,106,200 if which will accelerate to the Cowboys’ 2015 cap.
The first thing to note is that Austin is being released on March 12th, and being designated a June 1st release. Per the rules of the CBA each team has the option to designate two players per year in this manner. The catch here is that Austin’s current contract must stay completely active on the Cowboys’ books until June 2nd. This means his original $8,249,400 cap figure will remain on the Cowboys salary cap until this time.
One June 2nd, all Post June 1st Designations are properly allocated in this manner:
- Any bonus money allocated to the current year (2014) + any guaranteed salary throughout the remainder of the contract turns into 2014 dead money. In the case of Austin this includes the $2,749,400 in restructure bonuses.
- Any bonus money allocated to the remaining years of the deal (2015+) are accelerated into 2015 dead money. In the case of Austin this means $5,106,200.
Currently Designated June 1st Releases
|Player||Team||Pos.||2014 Cap||2014 Dead Money||2015 Dead Money|