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Throw in $500,000 of roster bonuses and a $500,000 workout bonus, the release of Shields will create $9 million of salary-cap space. Shields’ cap charge was set to be $12.125 million. The final year of prorated signing bonus — $3.125 million — will count against the cap as dead money.
Paired with the release of running back James Starks on Tuesday, the Packers have created an additional $12 million in cap space this week. That gives the team almost $43 million of cap space, based on OverTheCap.com’s projection of a $168 million salary cap for 2017.
That seems like a lot of money — and it is — but it still ranks only 13th.
With that stash of money, Green Bay not only has to tend to its own free agents — a list headed by T.J. Lang, Jared Cook and Nick Perry and 2013 draft picks Datone Jones, Eddie Lacy, J.C. Tretter and Micah Hyde — but it has to build a roster. According to Over the Cap, the Packers have 47 players under contract. Only two teams have fewer.
Paired with the release of running back James Starks on Tuesday, the Packers have created an additional $12 million in cap space this week. That gives the team almost $43 million of cap space, based on OverTheCap.com’s projection of a $168 million salary cap for 2017.
That seems like a lot of money — and it is — but it still ranks only 13th.
With that stash of money, Green Bay not only has to tend to its own free agents — a list headed by T.J. Lang, Jared Cook and Nick Perry and 2013 draft picks Datone Jones, Eddie Lacy, J.C. Tretter and Micah Hyde — but it has to build a roster. According to Over the Cap, the Packers have 47 players under contract. Only two teams have fewer.
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