Salary cap implications of Packers releasing CB Jaire Alexander
Salary cap implications of Packers releasing CB Jaire Alexander
The Green Bay Packers didn't need to create salary cap room ahead of the 2025 season, but the team will gain a significant amount of space when cornerback Jaire Alexander is officially released on Monday. Ian Rapoport of NFL Network was the first to report the Packers releasing Alexander to start the week.
Alexander, who signed a $84 million deal with the Packers in 2022, will be released with two years left on his deal. His salary cap number was set to be $24.6 million in 2025, and efforts to reduce the number or rework the contract and keep Alexander in Green Bay ended up unsuccessful.
The Packers are releasing Alexander after June 1, so the salary cap savings will be substantial this year. The official savings in 2025 is $17,117,647, per Over the Cap. The Packers will take on $7,518,708 of dead money on the 2025 salary cap, but the post-June 1 release means an additional $9.5 million of dead money will go on the 2026 salary cap. The mechanism allows teams to split significant dead money costs across two seasons.
According to Over the Cap, the Packers will have around $46 million in total cap space when Alexander's release is finalized. Only two teams -- the San Francisco 49ers and New England Patriots -- will have more, giving Brian Gutekunst considerable flexibility this year.
The Packers are also removing Alexander's $27,018,708 cap number from the 2026 cap, a significant amount considering how much money the team already has committed to next year's cap. The team will take on an additional $2,005,766 of dead money on the cap due to a void year added to Alexander's deal.
Alexander had a non-guaranteed base salary of $16,150,000 in 2025.
Now a free agent, Alexander can sign with any team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
14 minutes ago
- Associated Press
Packers receiver Bo Melton works out at cornerback after release of Jaire Alexander
GREEN BAY, Wis. (AP) — Green Bay general manager Brian Gutekunst believes the Packers have more cornerback depth than most NFL teams even after releasing two-time Pro Bowl selection Jaire Alexander. But that didn't stop them from exploring creative ways to boost that position as they opened their minicamp Tuesday. One day after the Packers cut ties with Alexander, wide receiver Bo Melton spent part of practice working out at cornerback. Melton, the older brother of Arizona Cardinals cornerback Max Melton, already has showcased his versatility with his contributions on special teams. 'We just thought that if there is somebody that can potentially do both, he would be that guy,' Packers coach Matt LaFleur said. 'I think a lot of it is just from his production on (special) teams and just his ability to make plays on teams.' Melton has combined for 24 catches for 309 yards and one touchdown plus 11 carries for 75 yards over the past two seasons. He also had a touchdown in the Packers' 2023 NFC divisional playoff loss at San Francisco. Anything he could contribute on defense would help Melton distinguish himself in a receivers room that got crowded with the arrivals of first-round draft pick Matthew Golden and third-round selection Savion Williams. 'I think it's just something we're going to look at and see if it's a possibility,' Gutekunst said. 'There are very few guys who have done it in our league, there have been a few, and when a guy's able to do that, it certainly helps your football team.' Green Bay got accustomed to playing without Alexander when injuries caused him to play in just 34 of the Packers' 68 regular-season games over the past four years. He appeared in only seven games last season. Now the Packers know they won't have him at all. 'He's someone who definitely believed in me from the get-go when I got my opportunity. … It's tough to see him go,' quarterback Jordan Love said. 'I wish him nothing but the best, but right now, it's moving on and seeing what's next for our team.' The Packers' top three cornerbacks — Keisean Nixon, Carrington Valentine and Nate Hobbs — have 91 combined starts. Thirty-two of Nixon's 34 starts and all 19 of Valentine's starts came with Green Bay. Hobbs started 38 games with the Las Vegas Raiders from 2021-24 before signing with the Packers. 'Some guys don't even have two, (and) we've got three really good starting corners that we really like quite a bit,' Gutekunst said. 'Again, I think we have more depth than most.' But the only other Green Bay cornerbacks with any NFL playing experience on defense are Isaiah Dunn and Gregory Junior. Dunn played 114 defensive snaps for the New York Jets in 2021. Junior played 18 defensive snaps for Jacksonville in 2022 and 93 more in 2023. 'I think we know that three of those guys have gone out and played significant snaps, and then we've got a lot of young guys that are just kind of unknown,' LaFleur said. Gutekunst said there was no 'bad blood' regarding Alexander's exit and said the Packers made the move because of the 28-year-old's recent injury history. Alexander was due for a base salary of $16.15 million in 2025 and $18.15 million in 2026 as part of the four-year, $84 million contract extension he signed in 2022. Releasing him cleared about $17 million in cap space. 'I just think for what that amount of money is, I think that's a lot to pay for a guy who hasn't been able to get on the field,' Gutekunst said. 'Again, it's not his fault. It's just something that kind of transpired, so we just kind of were looking for something different.' NOTES: OL Elgton Jenkins was present for minicamp but wasn't practicing. Jenkins, who is moving from left guard to center this year following the offseason signing of Aaron Banks, hadn't attended the voluntary organized team activities. 'He's helping out and coaching the other guys right now,' LaFleur said. 'He's worked on the side, but we thought it was best to keep him out today. … Love said he's looking forward to the opportunity to match up with former Packers teammate Aaron Rodgers now that the four-time MVP has joined the Pittsburgh Steelers. The Packers play at Pittsburgh on Oct. 26. Love said the two of them have exchanged texts since Rodgers signed. '(I) told him that we're going to need to swap jerseys after the game,' Love said. … Love said that his wedding is 'coming up here soon, a couple weeks out.' Love is engaged to volleyball player Ronika Stone. 'It's been awesome,' Love said. 'We're excited.' ___ AP NFL:
Yahoo
16 minutes ago
- Yahoo
Packers receiver Bo Melton works out at cornerback after release of Jaire Alexander
FILE - Green Bay Packers cornerback Jaire Alexander (23) walks on the field before a NFL football game against the New Orleans Saints Monday, Dec. 23, 2024, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, file) FILE - Green Bay Packers' Bo Melton gets set at the line of scrimmage during an NFL wildcard playoff football game against the Philadelphia Eagles, Sunday, Jan. 12, 2025, in Philadelphia. (AP Photo/Matt Slocum, File) FILE - Green Bay Packers' Bo Melton gets set at the line of scrimmage during an NFL wildcard playoff football game against the Philadelphia Eagles, Sunday, Jan. 12, 2025, in Philadelphia. (AP Photo/Matt Slocum, File) FILE - Green Bay Packers cornerback Jaire Alexander (23) walks on the field before a NFL football game against the New Orleans Saints Monday, Dec. 23, 2024, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, file) FILE - Green Bay Packers' Bo Melton gets set at the line of scrimmage during an NFL wildcard playoff football game against the Philadelphia Eagles, Sunday, Jan. 12, 2025, in Philadelphia. (AP Photo/Matt Slocum, File) GREEN BAY, Wis. (AP) — Green Bay general manager Brian Gutekunst believes the Packers have more cornerback depth than most NFL teams even after releasing two-time Pro Bowl selection Jaire Alexander. But that didn't stop them from exploring creative ways to boost that position as they opened their minicamp Tuesday. Advertisement One day after the Packers cut ties with Alexander, wide receiver Bo Melton spent part of practice working out at cornerback. Melton, the older brother of Arizona Cardinals cornerback Max Melton, already has showcased his versatility with his contributions on special teams. 'We just thought that if there is somebody that can potentially do both, he would be that guy,' Packers coach Matt LaFleur said. 'I think a lot of it is just from his production on (special) teams and just his ability to make plays on teams.' Melton has combined for 24 catches for 309 yards and one touchdown plus 11 carries for 75 yards over the past two seasons. He also had a touchdown in the Packers' 2023 NFC divisional playoff loss at San Francisco. Anything he could contribute on defense would help Melton distinguish himself in a receivers room that got crowded with the arrivals of first-round draft pick Matthew Golden and third-round selection Savion Williams. Advertisement 'I think it's just something we're going to look at and see if it's a possibility,' Gutekunst said. 'There are very few guys who have done it in our league, there have been a few, and when a guy's able to do that, it certainly helps your football team.' Green Bay got accustomed to playing without Alexander when injuries caused him to play in just 34 of the Packers' 68 regular-season games over the past four years. He appeared in only seven games last season. Now the Packers know they won't have him at all. 'He's someone who definitely believed in me from the get-go when I got my opportunity. … It's tough to see him go,' quarterback Jordan Love said. 'I wish him nothing but the best, but right now, it's moving on and seeing what's next for our team.' Advertisement The Packers' top three cornerbacks — Keisean Nixon, Carrington Valentine and Nate Hobbs — have 91 combined starts. Thirty-two of Nixon's 34 starts and all 19 of Valentine's starts came with Green Bay. Hobbs started 38 games with the Las Vegas Raiders from 2021-24 before signing with the Packers. 'Some guys don't even have two, (and) we've got three really good starting corners that we really like quite a bit,' Gutekunst said. 'Again, I think we have more depth than most.' But the only other Green Bay cornerbacks with any NFL playing experience on defense are Isaiah Dunn and Gregory Junior. Dunn played 114 defensive snaps for the New York Jets in 2021. Junior played 18 defensive snaps for Jacksonville in 2022 and 93 more in 2023. Advertisement 'I think we know that three of those guys have gone out and played significant snaps, and then we've got a lot of young guys that are just kind of unknown,' LaFleur said. Gutekunst said there was no 'bad blood' regarding Alexander's exit and said the Packers made the move because of the 28-year-old's recent injury history. Alexander was due for a base salary of $16.15 million in 2025 and $18.15 million in 2026 as part of the four-year, $84 million contract extension he signed in 2022. Releasing him cleared about $17 million in cap space. 'I just think for what that amount of money is, I think that's a lot to pay for a guy who hasn't been able to get on the field,' Gutekunst said. 'Again, it's not his fault. It's just something that kind of transpired, so we just kind of were looking for something different.' Advertisement NOTES: OL Elgton Jenkins was present for minicamp but wasn't practicing. Jenkins, who is moving from left guard to center this year following the offseason signing of Aaron Banks, hadn't attended the voluntary organized team activities. 'He's helping out and coaching the other guys right now,' LaFleur said. 'He's worked on the side, but we thought it was best to keep him out today. … Love said he's looking forward to the opportunity to match up with former Packers teammate Aaron Rodgers now that the four-time MVP has joined the Pittsburgh Steelers. The Packers play at Pittsburgh on Oct. 26. Love said the two of them have exchanged texts since Rodgers signed. '(I) told him that we're going to need to swap jerseys after the game,' Love said. … Love said that his wedding is 'coming up here soon, a couple weeks out.' Love is engaged to volleyball player Ronika Stone. 'It's been awesome,' Love said. 'We're excited.' ___ AP NFL:
USA Today
27 minutes ago
- USA Today
Game 3 same game parlay – Wednesday, June 11
NBA picks: Thunder vs. Pacers NBA Finals | Game 3 same game parlay – Wednesday, June 11 The Oklahoma City Thunder and Indiana Pacers are facing off in the NBA Finals, with Game 3 up next. Below, we provide same-game parlay picks for you to consider for this contest. Watch the NBA with NBA League Pass Successfully hitting the spread, total and Shai Gilgeous-Alexander over 33.5 PTS parlay for the Thunder-Pacers game earns $60.19 on a $10 bet using the computer picks below. Curious how each of those wagers looks? Continue reading to learn more. NBA odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 4:19 p.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Thunder vs. Pacers spread pick Favorite: Thunder (-5.5) Thunder (-5.5) Pick ATS: Thunder -5.5 (Projected score: Thunder 119, Pacers 110) Thunder -5.5 (Projected score: Thunder 119, Pacers 110) Against the spread, Oklahoma City is 53-25-4 this year. The Thunder are 39-21-3 as 5.5-point favorites or more. Indiana's record against the spread is 38-43-1. The Pacers are 7-6 as 5.5-point underdogs or greater. Thunder vs. Pacers total pick Total: 228.5 228.5 Pick OU: Over 228.5 (Projecting 229.4 total points) Over 228.5 (Projecting 229.4 total points) Oklahoma City's games this season have gone over 228.5 points 41 out of 82 times. Indiana has combined with its opponents to score more than 228.5 points in 52 of 82 games this season. The average total in Thunder games this season is 227.5, 1.0 point fewer than Wednesday's over/under of 228.5. The 233.1 points per game average in Pacers games this season is 4.6 more than this game's over/under. Shai Gilgeous-Alexander points prop Points prop: OU 33.5 OU 33.5 Pick: Over (Projecting 33.9 points) Over (Projecting 33.9 points) Shai Gilgeous-Alexander has put up 32.7 points per game in the 2024-25 season, 0.8 points fewer than Wednesday's over/under. In 75 games this season with a points prop total, Gilgeous-Alexander has hit the over 36 times. Thunder vs. Pacers game info
