Former Pro Bowl kicker Graham Gano will be released today by the Carolina Panthers. Gano has spent the last eight years of his career with Carolina but was hurt all of last year and also finished the 2018 season on injured reserve. The Panthers will save $2.95 million in salary for the year and create $2.75 million in cap space.
Gano, who signed a four year $17 million extension with the team in 2018, will leave the team with $1.5875 million in dead money in 2020 and $1.5375 million in dead money in 2021. The Panthers lead the NFL with over $42.7 million in dead money as they look to reset the books after a few years of some questionable contract decisions. While that strategy has not been very successful for many teams it was probably a necessary step for Carolina this year.
While NFL Combine week is usually filled with rumors about free agency and the draft it often is the unofficial start of the cut season for teams. While some teams release players very early in the offseason most wait until now to kick that into high gear. Some players will be approached about pay cuts this week and others just allowed to walk. So let’s look at today’s action and the impact on the cap. Continue reading Bears, Panthers, and Patriots Make Some Cuts »
The Chargers continued their roster purge today with the release of veteran cornerback Brandon Flowers and wide receiver Steve Johnson. The releases will save the Chargers over $10 million in cap room. Combined with the earlier release of lineman DJ Fluker the Chargers should now have around $23 million in cap space. They are a team with a number of holes so they may not be done yet in trying to find ways to free up cap room in the coming days. Continue reading Chargers Cut Flowers and Johnson »
Last January I put together a series of posts that looked at the possible salary cap casualties for each position. To make them easier to access I decided to put a link to each article in this post so you can quickly reference them during the lead up to free agency. Each article will detail the cap space saved by cutting a player and a brief explanation as to why I considered the player a possibility to be released. Continue reading The OTC Potential Player Cut Series »