June 1 cuts

[Happy Panther]

So correct me if I am wrong but we can only designate 2 June 1 cuts.

 

According to this

http://overthecap.com/calculator/?Team=Panthers

 

It may or may not make sense for Smith to be a June 1 as opposed to a straight cut. Adds like $4M, $4M and 12M to the cap over the next three years. But a straight cut would be -$2.5M, $10M, $12M. Same savings just spread out differently

 

CJ, if we cut him, has a huge gain to the cap at $9M, $8M and $13M

 

Godfrey is $5M, $4M and $7M

 

Olsen is $5M, $4M and $2M

 

So we we use both June 1 designations or will it just likely be Godfrey?

[Jackofalltrades]

Godfrey and Smith.

Makes no sense to cut Olsen or CJ.

[TheRed]

Yes, why stop at Steve Smith, let's cut Olsen, and CJ too. Why not just burn the stadium down while we're at it.

[LinvilleGorge]

We'll probably use both.  Godfrey and Smitty.

[hepcat]

Yea it'll be Godfrey and Smith most likely.  I can't believe they are cutting Steve Smith.

[Happy Panther]

Yeah with Smitty...If Gettleman isn't going to extend Cam this year then I think he would prefer the cap space in 2015.

 

Right?

[Gin and Juice]

Yeah with Smitty...If Gettleman isn't going to extend Cam this year then I think he would prefer the cap space in 2015.

Right?

Yep! Worse part is having to cut Smith vs other certain fat contracts! Would rather overpay Smith than JStew or Dwill!

Double Trouble better tip their agent well, oh wait, had to have been Hurney

[Jackofalltrades]

Yeah with Smitty...If Gettleman isn't going to extend Cam this year then I think he would prefer the cap space in 2015.

Right?

That's my thinking. It's probably the reason we're not restructuring a bunch of guys so we'll be in much better shape next season.

[Gucci Mane]

we should sign Cam and Luke to long term deals and then cut them too! Yeah!

[Marguide]

We can cut as many players as we want June 1st, but only 2 can be done prior to June 1 and treated as if they were June 1 cuts.

 

I realize most already knew this, but just wanted to clarify for those that may not have been aware of these rules.

[L-TownCat]

We only need Cam and Luke right?

CUT ALL THE PLAYERS!!!

[Happy Panther]

We can cut as many players as we want June 1st, but only 2 can be done prior to June 1 and treated as if they were June 1 cuts.

 

I realize most already knew this, but just wanted to clarify for those that may not have been aware of these rules.

NFL rules allow teams to designate up to two released vested veterans as "post-June 1" cuts and spread those players' salary cap hits across two years.

 

http://www.rotoworld.com/articles/nfl/43367/309/top-10-post-june-1-free-agents

 

I'm confused

[Marguide]

http://www.rotoworld.com/articles/nfl/43367/309/top-10-post-june-1-free-agents

 

I'm confused

 

The advantage of June 1 cuts is you spread the cap hit out over 2 years. And you can cut as many players as you like after June 1.

 

However, you can also cut a maximum of two players as early as today and designate them as June 1st cuts. There is no cap relief for the team until June 1; all it does is allow the released player an early start on free agency. It is a benefit for the player only. There is no benefit for the team.

[Captain Morgan]

We can cut as many players as we want June 1st, but only 2 can be done prior to June 1 and treated as if they were June 1 cuts.

 

I realize most already knew this, but just wanted to clarify for those that may not have been aware of these rules.

 

 

 

I didn't know that, thanks for posting