Cap Savings: $9,468,750

Dead Money: $3,250,000

Amongst the detritus of a lost season for the Green Bay Packers, Randall Cobb wasn't horrendous in 2017. He managed 0.28 Target NEP per target, which ranked 47th among the 112 qualifying wide receivers. However, it can't be ignored that his form hasn't been good for at least three years, and he's on a pretty hefty contract.

Cobb's yards per reception fell for the third consecutive season, bottoming out at a career low 9.9 in 2017. His yards per game was under 50.0 for the second straight year. The Packers can recoup a little more money if they were to cut Jordy Nelson instead, but Nelson retains a strong chemistry with quarterback Aaron Rodgers. It is not beyond the realms of possibility that both are released, especially with Rodgers needing a new deal after 2019, but Rodgers has got to have someone else other than Davante Adams to throw to, so it makes sense that Green Bay would move on from just one of Cobb or Nelson.