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.
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