Romo's salary cap impact with release tomorrow--designated June 1
-$10.7 million on the 2017 cap
- $8.9 million on the 2018 cap
He actually counts $24.7 million towards the cap until June 2nd if they release him with a June 1 designation. It does not happen tomorrow as you said above...
"But, that's where the post-June 1 designation offers a false promise. It does save a team money - just not when they would want it.
The player is still carried on the books until June 2. In other words, there is no savings for the team during free agency. They do not see salary cap relief until they pass the June 1 mark."
http://www.thephinsider.com/2015/2/18/8057333/nfl-free-agency-201-post-june-cuts-explanation
While it is a Dolphins sight it is accurate information:
Article 13, Section 6 (b) (ii) Acceleration.
(1) For any player removed from the Team's roster, or whose Contract is assigned to another Club via waivers or trade, on or before June 1 in any League Year prior to the Final League Year, or at any time during the Final League Year, any unamortized signing bonus amounts will be included in Team Salary for such League Year, except that for each League Year preceding the Final League Year, e
ach Club may designate up to two Player Contracts that, if terminated on or prior to June 1 and if not renegotiated after the last regular season game of the prior League Year,
shall be treated (except to the extent prescribed by Section 6(d) (iv) below)
as if terminated on June 2, i.e., the Salary Cap charge for each such contract will remain in the Club's Team Salary until June 2, at which time its Paragraph 5 Salary and any unearned LTBE incentives will no longer be counted and any unamortized signing bonus will be treated as set forth in Subsection (2) below. If acceleration puts a Team over the Salary Cap, the Team will have seven days to conform with the Salary Cap, but may not sign any players until there is Room to do so under the Salary Cap.