I’m reading that they will make him a post June cut so they will save 4.9m this year. Every site has his dead cap listed at 9.2m this year and next year with a post June cut. That adds up to 18.4m but it’s 26m this if he’s not a post June cut. Where did that other 7.6m go? 26m-18.4=7.6m. I’m still trying to learn the ins and outs of the cap.
If they make him a post June 1 cut, they would carry his current $14.2m cap hit until June 1. On June 2, the cap hit for 2023 would become $9.3m ($4.9m savings) and then the rest of his dead cap would accelerate into next year ($17.4m).
The confusion probably comes up because sites may not be accounting for the restructuring cap hits from 2026 and 2027 accelerating into 2025. Without considering the acceleration, it looks like:
2025 $9.3m
2026 $5.5m
2027 $2.6m
But the way the cap works, dead money will either accelerate into the current year with a normal release or accelerate into the following year with a post June 1 release. If you add up the three cap hits above, you'll get the $17.4m cap hit for 2025.
As a side note, you have to ignore the option bonus column above because they haven't paid that bonus yet, otherwise the dead money would increase to the amounts shown in the dead money column (they would have $29m in dead money in 2025 if they paid the option bonus this year, which they won't do if they release him).