A player released primarily because their salary cap hit is too large relative to their production or the team's available cap space, rather than because of poor performance alone.
A cap casualty is a player who is released not necessarily because they are a bad player, but because their contract has become untenable relative to the team's salary cap situation. This typically happens when a player's cap hit escalates in the later years of a backloaded contract, or when a team needs to clear significant cap space to sign other players or stay under the salary cap ceiling. Cap casualties often represent good value for other teams. Because these players are released due to financial reasons rather than declining ability, they are frequently productive veterans who can be signed at a market-rate contract that is lower than their previous deal. The free agent market after the initial wave of cuts each March is often filled with cap casualties who quickly find new homes. Teams can use various strategies to avoid cap casualties, including restructuring contracts, converting salary to bonus, or negotiating pay cuts. However, when a player's dead money is low relative to their cap hit, releasing them becomes the most efficient path to cap relief. The decision ultimately comes down to whether the cap savings from releasing the player outweigh the on-field production they would provide.
Category: Cap Strategies. Part of the StickToTheModel NFL Encyclopedia.