Packers have just over $3 million in salary cap space
The Green Bay Packers‘ focus in free agency has been to re-sign their own players where possible.
Despite losing center Corey Linsley and running back Jamaal Williams, the Packers have been able to re-sign running back Aaron Jones, cornerback Kevin King, and tight end Marcedes Lewis.
Green Bay needed to create cap space to make these moves happen. With limited room available, the Packers are still yet to sign a free agent from another team. Maybe they eventually will, maybe they won’t.
But if they plan to do so, they’ll need to create even more cap room. According to Over The Cap, the Packers have $3.22 million remaining in cap room. Considering they will still need to sign a draft class and will want some cap space to carry into the regular season, they don’t have much to work with. It’s worth noting Marcedes Lewis’ contract hasn’t yet been included in the calculations.
The team has done a good job of structuring new contracts to have a smaller impact on this year’s cap number. Aaron Jones, for example, has a cap hit of just $4.48 million this season despite signing a four-year deal worth $48 million.
Kevin King signed a one-year deal worth $6 million, but Green Bay has been able to keep his cap hit down. King’s 2021 cap hit is only $1.94 million. For a starting cornerback, that’s an incredibly affordable deal.
There’s no doubt the Packers could benefit from adding more talent to the roster in free agency, but to do so they’ll need to be creative to make some more cap room. Contract extensions or restructures can help free up more cap room. They will need to make a couple of moves anyway, even if they don’t sign any more free agents.
The Packers currently sit just over $3 million under the salary cap. That doesn’t give them much flexibility when it comes to signing players.