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I know there's been talk about using the Post-June 1 cut option for players like Atkins.
Field Yates posted on Twitter yesterday about exactly how it works.

With the new league year upon us, teams can use a post-June 1 designation when releasing a player. This spreads the dead money over two seasons & affords more cap space, which is useful with the lower salary cap.

However, that cap space won’t be available to use until June 2.

— Field Yates (@FieldYates) March 17, 2021

So basically, if the Bengals chose to use this for Atkins, Atkins could go sign with another team, but the Bengals would not be able to use the freed up cap space until June 2. Also, the Bengals would not have been permitted to release Atkins with Post-June 1 designation until today, the official start to the league year.

Yea, the post-June 1 gets thrown around as an option a lot but its real use is providing cap for training camp cuts/injuries/extensions/etc not so much FA.

(03-18-2021, 10:49 AM)Au165 Wrote: [ -> ]Yea, the post-June 1 gets thrown around as an option a lot but its real use is providing cap for training camp cuts/injuries/extensions/etc not so much FA.

I suppose if you were originally planning to reserve 10 million for injury signings/etc., now you don't have to reserve that money if you know you would be getting it after June 2nd. I dunno if the Bengals FO thinks about it that way though. I suspect they just want to keep Geno through the end of his contract even if it means that some of the years we overpay him for what he has left.