the total dead money, in a way, doesn't matter. The 2014 part of his proration counts no matter what happens. SO it's 2014 salary v/s the accelerated part in '15, '16.
Who has a link to the part where you don't get the savings until June 2? That's pretty stupid, if so.
Would love to give you one but either this forum or my work computer wont let me copy and paste a link.
I found it on a few websites just by googling "the panthers designate as a june 1st cut"