Specifics on Post-June 1 Cut

[*ochocincos*]

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.