The formerly infamous date on the NFL calendar for veteran players with fat cap numbers and a role on their team not commensurate with that financial figure is no more. The June 1st free agency deadline has been moved.
That according to ProFootballTalk, which is reporting the deadline has been moved up to May 12th. June 1st used to be the date where after it came and went NFL clubs would cut veteran players that they no longer wanted who had multiple years left on their contract. Teams could cut the player after June 1st and not absorb the full amortization of the contract in the current year, instead pushing it to the next fiscal year.
The date lost its punch when the NFL allowed teams to cut up to two players prior to June 1st, yet still designate them as post-June 1st cuts to move their cap hits into the next year.
The only real significance left to the date is if free agents are signed after June 1st they don’t factor into determining whether a team had a net loss of free agents which is the primary criteria to qualify clubs for compensatory picks. Now that date will be May 12th, which will allow players who sign after that date to participate in most of the offseason practices with their new club (OTAs, minicamp, etc.).
Tags: compensatory picks, June 1st, NFL free agency
Posted in Inside the Bills