2021 Off Season Thread

– Green Bay Packers general manager Brian Gutekunst continues to dig the team out of its giant salary-cap hole.

A week after restructuring All-Pro left tackle David Bakhtiari’s contract to create $8.304 million of cap space, the Packers released right tackle Rick Wagner and linebacker Christian Kirksey on Friday.

The release of Wagner, who is considering retirement, saved $4.25 million of cap space. The release of Kirksey, who was signed to replace Blake Martinez but lost the every-down role to an undrafted rookie, saved an additional $5.61 million.

With those three moves taking care of almost $18.2 million of cap liabilities, the Packers are $11.45 million over a projected salary cap of $180.5 million, according to OverTheCap.com. The cap floor for 2021 is $180 million, though it could be higher – perhaps somewhere in the middle of the $180 million floor and the 2020 season’s $198.2 million.

Green Bay was $28.19 million over the cap before the Bakhtiari restructure. With only the top 51 contracts counting against the offseason cap, the team has taken care of about 60 percent of the deficit.

“The releases of Kirskey and Wagner were relatively unsurprising moves as the Packers continue to work their way under the 2021 salary cap,” Pro Football Focus cap analyst Brad Spielberger said.

“Kirksey’s release will clear $5.6 million and will leave behind a dead money charge of $2 million. He was also released with a ‘failed physical’ designation, meaning the Packers may be on the hook for a small injury settlement down the road. Wagner’s release will clear $4.25 million in cap and leave behind a dead money charge of $1.75 million. The Packers are now only about $11.5 million over the projected cap, though there has been optimism that final number may be even higher.”
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rpiotr01 said:
They can do that in many ways, including in a new deal for Adams.
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Posted in shout the other day don't expect much cap savings in any Adams ext. He is due to make $14 million next year against the cap. Packers like to pay most of their guaranteed money in a SB so if the Packers keep to norm you could be looking at a 40-50 million dollar SB to him. If it's closer to the 50 million and you pay him a low base salary say 1 million dollars you are only looking at a few million dollar savings in the 2021 cap from his current number.
 
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