Unless I'm missing something his dead money is more than his cap hit this year, I can't imagine us cutting a player at a position of need when it doesn't save us money. After this year though I have no idea.
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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.
I don't know that the part about it not actually helping you until June is correct.
But, we're not into the league year yet, so it may not be possible. They do let you sign players to 'futures' contracts (scrub guys) and come to terms with guys who you hold rights to, but we're still in league year 2013, and the nature of the June cut is that future proration goes into the next year. Which is '14 until the year rolls over.