Devin McCourty signed a one-year, $1.165 million contract with the Patriots on Wednesday.
The move is expected to create $5.035 million in cap space and push $6.2 million in dead money to 2024 “presuming the retirement is officially processed after June 1,” according to ESPN’s Field Yates.
According to Spotrac, McCourty’s contract was scheduled to count as $9.7 million in dead money for 2023 before the Patriots made this move.
Yates noted that the Saints made a similar move when Drew Brees retired.
McCourty still plans to retire.