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Analysis: Exploring the financial ramifications of the reported waiving of Malik McDowell

As of early Tuesday afternoon, a report that the Seahawks would soon waive defensive lineman Malik McDowell remained just that — a report — with McDowell remaining on the team’s roster.

But that could change at any minute, according to Ian Rapoport of the NFL Network — the league’s official media arm — who stated Monday Seattle is expected to soon part ways with McDowell.

That leads to the obvious question of what the financial ramifications of his waiving could be for Seattle.

For some help on this I talked to former NFL agent Joel Corry, who now writes about salary cap issues for CBSSports.