He’s been a tremendous player for us and he is a class act. It got to the point where in the big picture we decided it was a move we needed to make. We placed a June 1 designation on his release, which means we will carry his cap number until June 1, but Travelle is immediately able to negotiate and sign with another team.”
The June 1 designation will allow the Panthers to spread out the $3.7 million cap hit over the next two years.
I don't think we'll be signing any known FA's anytime soon, but it's still nice to have breathing room.