With June 1st here, a number of NFL teams will see significant cap space open up thanks to their previous Post June 1st Designations back in March. Our look at the financial ramifications for each of the 11 players who will officially process at 4PM ET today.
Total Team Savings
Arizona: $10M
Chicago: $10.9M
Cleveland: $9.5M
Dallas: $10M
Las Vegas: $19.75M
Philadelphia: $2.1M
Seattle: $5.1M
Tennessee: $9.5M
Washington: $12M
Tarik Cohen, RB, Chicago Bears
Injuries continue to riddle what could have been a dynamic career for Cohen, who had 2 years, $9.75M left on his deal with Chicago cut bait. The Post 6/1 Designation frees up $4M of 2022 cap space, leaving behind dead hits of $1.75M this year, and another $1.75M next season. Cohen remains unsigned.
La’el Collins, OT, Dallas Cowboys
After unsuccessful trade attempts, Collins was released by Dallas, only to sign with the Bengals 48 hours later. The Post June 1st departure frees up $10M of cap and cash for the Cowboys, leaving behind $4.9M of dead cap this year, $8.7M in 2023.
Landon Collins, S, Washington Commanders
Collins wound up earning $42.6M of the $84M contract signed back in 2019. Washington now frees up $12M of his $15.7M cap hit, leaving behind dead figures of $3.825M this year, and another $4.65M next season. Collins remains unsigned.
Fletcher Cox, DT, Philadelphia Eagles
The Eagles made a mess of Cox’s $102.6M extension, utilizing 3 bonuses, and 3 restructures to continually pushing cap down the line. That line ended this March, and the Post June 1st designation frees up just $2.12M of cap space, leaving behind hits of $12.8M for 2022, and $15.35M in 2023. Cox signed a 1 year, $14M deal to return to Philly almost immediately after this designation.
Carlos Dunlap, DE, Seattle Seahawks
Seattle will free up $5.1M of cash and cap for 2022, leaving behind dead cap hits of $1.4M this season, and $4.2M next year. Dunlap remains unsigned.
Austin Hooper, TE, Cleveland Browns
Hooper had 2 years, $19M left on his deal when Cleveland designated him a 6/1 release. The move frees up $9.5M for 2022, leaving behind dead cap hits of $3.75M in 2022, $7.5M in 2023. Hooper signed a 1 year $6M contract with the Titans shortly thereafter.
Julio Jones, WR, Tennessee Titans
The Titans moved on from Jones despite $13.2M of dead cap, including $2M cash. The designation leaves behind hits of $4.8M in 2022 ($9.5M saved), and $8.4M in 2023. Julio remains unsigned at this time.
Cory Littleton, LB, Las Vegas Raiders
The Raiders were never going to move forward with Littleton’s $15.7M cap hit for 2022, and the Post 6/1 designation now frees up $11.75M of it. The move leaves behind dead cap hits of $4M this year, $10M next season. Littleton found a home in Carolina on a 1 year, $2.6M contract.
Carl Nassib, DE, Las Vegas Raiders
Nassib became expendable when the Raiders won the bidding war for Chandler Jones this March. His June 1st designation frees up $8M of 2022 cap space, leaving behind dead cap hits of $1.652M for 2022, and another $4.9M in 2023. Nassib remains unsigned.
Jordan Phillips, DE, Arizona Cardinals
After two tough seasons, Arizona moving on to free up $10M was always going to be in the cards. The designation leaves behind dead cap hits of $3.3M for 2022, $5.9M for 2023. Phillips signed a 1 year, $5M deal to rejoin Buffalo shortly after the move.
Danny Trevathan, LB, Chicago Bears
The Bears moved on from 1 year, $7.125M remaining on Trevathan’s deal in favor of $2.4M of 2022 dead cap, and $6.5M in 2023. The designation frees up $6.9M of cap space this season. Trevathan remains unsigned.