You're partly right, APB. The dead money has been paid already, and thus accounted for cash flow-wise. It still counts against the cap, in future years generally speaking. If they restructure a $10M salary down to $2M and pay the rest in a bonus, that 'cooks' the cap by spreading that $8 across the remainder of the contract. Let's say it's over two years in this example Cash flow-wise, it's paid out, and the amount against the current year is $6M (2 + 8/2) instead of 10, but the remaining 4 is added to whatever is owed next year. It doesn't vanish, it accumulates into a future year.
You can cook a cap by adding void years, redoing all your significant 2nd contracts so the salaries are small, etc. but sooner or later you run out of cap space or redoable contracts or both. If you overcook your cap you can end up with a lot of that cooked money hitting your cap all at once and putting you in cap hell.
The Panthers aren't in cap hell despite eating a lot of money for DJ Moore, McCaffrey and Anderson because they have very few players left with big contracts -- Brian Burns and Shaq Thompson lead the way at 16M and 14M. They could probably do something with Burn's contract, I believe it's the 5th year. Next year they have a ton of cap space. GB has several contracts where they are paying out 20M. GB right now looks like they have quite a bit of space, but they need $9 million more to trade AR, plus some for draft picks etc.
Cap can be cooked, but not indefinitely. There are limits, and not just the cap itself. You have to have workable contracts to cook. Some of GBs contracts aren't easy to get out of, not just AR's. Has Russ Ball lost a step? They've done a lot of cooking already.
You can cook a cap by adding void years, redoing all your significant 2nd contracts so the salaries are small, etc. but sooner or later you run out of cap space or redoable contracts or both. If you overcook your cap you can end up with a lot of that cooked money hitting your cap all at once and putting you in cap hell.
The Panthers aren't in cap hell despite eating a lot of money for DJ Moore, McCaffrey and Anderson because they have very few players left with big contracts -- Brian Burns and Shaq Thompson lead the way at 16M and 14M. They could probably do something with Burn's contract, I believe it's the 5th year. Next year they have a ton of cap space. GB has several contracts where they are paying out 20M. GB right now looks like they have quite a bit of space, but they need $9 million more to trade AR, plus some for draft picks etc.
Cap can be cooked, but not indefinitely. There are limits, and not just the cap itself. You have to have workable contracts to cook. Some of GBs contracts aren't easy to get out of, not just AR's. Has Russ Ball lost a step? They've done a lot of cooking already.

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