The calendar now reads June 2nd which is significant in the NFL. Welcome to the other side of June 1st.
In the NFL when players are released it is sometimes done with a post-June 1st designation.
A refresher on what exactly that means:
In the NFL’s accounting rules, any move involving dead cap that happens after June 1 is split into two seasons; the current upcoming season keeps that year’s dead cap number and the following season absorbs all of the future seasons’ dead cap. In the previous example, you have three seasons of $2 million each, but if you release him on June 2nd, the original $2 million million goes to the first season and the subsequent $4 million goes to the following season in order to not cripple your team’s cap position late in the process.