Sydla
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I've seen it in a few threads, talking about how we can cut Cooks and Gallup and save $8MM and $9.5MM in cap space.
That is true. As June 1 cuts. And yes, you can designate someone a June 1 cut at any time before June 1. But by rule, you still have to carry the cap hit of that June 1 cut until June 1 on your books. You only get the cap savings post June 1.
So, take Gallup and his $9.5MM June 1 cap savings. If you cut him say in March, you cannot use his $9.5MM in cap savings to 1) be cap compliant by the start of the league year (mid March) and you can't use that $9.5MM to sign other players now. You'd have to create space somewhere else and essentially recoup it post June 1.
That is true. As June 1 cuts. And yes, you can designate someone a June 1 cut at any time before June 1. But by rule, you still have to carry the cap hit of that June 1 cut until June 1 on your books. You only get the cap savings post June 1.
So, take Gallup and his $9.5MM June 1 cap savings. If you cut him say in March, you cannot use his $9.5MM in cap savings to 1) be cap compliant by the start of the league year (mid March) and you can't use that $9.5MM to sign other players now. You'd have to create space somewhere else and essentially recoup it post June 1.