The Green Bay Packers made it official on Tuesday, announcing the release of veteran linebacker Nick Perry.
Perry recorded a career-low 1.5 sacks in nine games last season and ended the season on injured reserve for the third time in his seven seasons with the Packers.
Perry was scheduled to collect a $4.8 million roster bonus on March 15th, which the Packers are now off the hook for.
Perry’s $11 million salary this year, as well as the final two years of his contract, are now eliminated. But the Packers are responsible for his pro-rated signing bonus of $7.4 million. It means they realize a $3.6 million gain in salary cap space for the upcoming season. [Read more…]