The Miami Dolphins are undertaking significant financial adjustments to manage their salary cap situation, initially $38M over the $255M cap. The team plans to cut two veterans with a post-June 1 designation, reducing the overage to $4.2M, and further cuts to non-essential veterans to go under the cap by $7.6M. The release of Emmanuel Ogbah, who had 6.5 sacks over the last two seasons, notably reduced the Dolphins' cap overage to $25M. This move, along with a league-wide salary cap increase, effectively halved their deficit overnight. Additional planned cuts, including a potential post-June 1 release of Xavien Howard, which would save $18.5M, are projected to bring Miami roughly $6-7M from being cap compliant, less than a month away from the start of the 2024 league year.
Dolphins moving on from Emmanuel Ogbah and Xavien Howard Here’s who will be Miami’s highest-paid players in 2024 Let’s talk about that and the salary cap https://t.co/7B5EDf0G1z
Simply put - after the news of Emmanuel Ogbah and Xavien Howard being cut - the Miami Dolphins are roughly $6-7 million from being cap compliant- less then a month away from the start of the 2024 league year
With the $13.7 million for Emmanuel Ogbah coming off the books right now & should it be, which I would assume is a post June 1 designation in terms of cap savings, $18.5 million will be freed for Miami from Xavien Howard. They are approximately $6M over the cap in theory here
With the $13.7 million for Emmanuel Ogbah coming off the books right now & should it be, which I would assume is a post June 1 designation in terms of cap savings, $18.5 million will be freed from Miami from Xavien Howard. They are approximately $6M over the cap in theory here
Miami is likely to release Xavien Howard as a post-June 1 cut. Miami will take on $7.4M in dead money in 2024 and $15.7M in 2025. They will get $18M in cap savings, but that will only come after June 1st. https://t.co/8cVntLS8gu
The Miami Dolphins, at approximately $25M in the red after the pending Emmanuel Ogbah release, can save another $14M in a blink of an eye with a backup QB a special teamer/depth CB, a 3rd RB and a depth LB.
With Emmanuel Ogbah getting cut, the Dolphins now are just $25 million over the salary cap They essentially cut their negative cap number in half overnight with this move, as well as the league wide increase.
With Emmanuel Ogbah getting cut, the Dolphins now are just $25 million over the salary. They essentially cut that number in half overnight with this move, as well as the league wide increase
With the Emmanuel Ogbah getting cut, the Dolphins now are just $25 million over the salary. They essentially cut that number in half overnight with this move, as well as the league wide increase
Dolphins plan to release Emmanuel Ogbah today, per @AdamSchefter Played in 24 games and had 6.5 sacks the last two seasons https://t.co/EGtcSv93bN
The Dolphins are approximately $38M over the cap, with the new number set at around $255M. 2 veteran cuts (Post June 1 designation) will make that $4.2M OVER 4 more non-essential veteran cuts put Miami UNDER the cap by $7.6M. This is before any veteran restructuring.