Green Bay Packers Post Free Agency Salary Cap Update

The Green Bay Packers made 3 outside additions in free agency and have re-signed a few of their own. Here is what their current salary cap situation looks like.

By now we are all well aware that the Green Bay Packers just don’t have the same spending power this offseason that they did a year ago.

After spending $182 million on four players in 2019, that’s obviously going to eat up some cap space in 2020. On top of that, next offseason David Bakhtiari, Kenny Clark, Aaron Jones, Corey Linsley, and Kevin King are free agents. Which means Green Bay needs to make sure that they leave a good chunk of cap space available for 2021, so they are able to sign as many of those players as possible.

However, even with the restrictions, the Packers were still able to make three outside signings at arguably their three biggest positions of need. They just weren’t flashy like we saw a year ago.

Of course, the three players that I’m referring to are Christian Kirksey who signed a two year – $13 million deal. Rick Wagner would agree to two years and $11 million. While Devin Funchess was signed to a one year contract for $2.5 million.

All very modest deals that certainly don’t break the bank, but if they are able to play up to their potential, then the contracts will look like absolute steals.

Additionally, the Packers would bring back a few of their own unrestricted free agents by re-signing Marcedes Lewis, Tyler Ervin, and Will Redmond to cheap deals. Along with their entire exclusive rights free agent class.

So now that the free agency dust has settled and at least for the time being, Green Bay is done making any signings, where are they sitting when it comes to their salary cap situation.

Well, fortunately, our friend, CPA, and salary cap aficionado Ken Ingalls has been keeping tabs and here is where the Green Bay Packers currently stand by his calculations:

https://twitter.com/KenIngalls/status/1243981110163509248

Alright, so let’s break this down. According to Ken, the Packers have $11,005,714 in available cap space after the top-51 total salaries. Not bad and more than I think some will assume they have. However, as Ken points out in his spreadsheet, not all of that money is spendable.

He also factors in salaries for the incoming draft class, the practice squad, the 52nd and 53rd players on the roster, and in-season spending. In total, by Ken’s estimations that is $12,651,296 that the Packers should have set aside. Meaning, they are actually in the hole $1,645,582 in terms of spendable cap space.

Now with that said, keep in mind that these are Ken’s calculations and how much money the Packers actually set aside may slightly vary, but you get the idea and it’s a good reminder of the extra costs that have to be factored in.

Also, the Packers can free up more cap space if needed by offering a contract extension to Kenny Clark or David Bakhtiari, for example, which will lessen their cap hits in 2020. Or as many have pointed out, moving on from Lane Taylor will save Green Bay roughly $4 million in cap space.

While the free agency frenzy has been quite calm for a few weeks now and the Packers don’t have much room for spending, it doesn’t mean that Green Bay is done making additions. They will likely see how the draft plays out and then make any additional signings to help round out the roster if needed. In fact, Tramon Williams is a prime example of a player that they could still bring in.

So although at this point our main focus is on the draft and that is where Green Bay is going to add any major impact players, keep your eyes open for any post-draft signings, as well as where the Packers currently stand with their salary cap situation.