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How much cap space are Dolphins saving with release of Tyreek Hill, plus 3 other veterans?

The Miami Dolphins are making a lot of roster moves this offseason already, with the release of four veterans on Monday, February 16th. Tyreek Hill, Bradley Chubb, James Daniels, and Nick Westbrook-Ikhine are all now free agents.

This string of roster moves is just the beginning, as the Tua Tagovailoa decision is a massive one on the horizon for the Dolphins. But, with the moves they've made thus far, the Dolphins are saving a lot of cap space.

But, how much are they actually saving? According to NFL Network's Tom Pelissero, the Dolphins are reportedly set to save over $50 million in cap space and over $60 million in total money this offseason.

Dolphins already saving over $50M in cap after Hill, Chubb cuts

"Releasing Tyreek Hill, Bradley Chubb, James Daniels, and Nick Westbrook-Ikhine clears $66.98 million and over $56 million in 2026 cap space," Pelissero reports. "One or more could be held until March 11 for additional cap savings. Roster reset underway in Miami."

The release of these four veterans, including two multi-time Pro Bowlers in Hill and Chubb, will save the Dolphins $56 million in cap space for the upcoming 2026 season.

Not only are the Dolphins now cap compliant with these roster moves, but they will be capable of cutting Tagovailoa now without being significantly in the red.

Pelissero does mention the Dolphins can hold onto one of these players to save some extra cap space down the road, which could involve a post-June 1st designation.

More: Dolphins predicted to pick top WR of Fernando Mendoza in 2026 NFL Draft

Such a move would spread out the dead cap hit over two seasons, which would allow the Dolphins to save more money in the short term by borrowing from the future.

But, even without doing that, they're already saving $56 million in cap space for the 2026 season with these roster moves.

Jon-Eric Sullivan's roster transformation is underway, and he's not holding back from making tough decisions. Tagovailoa is next in line for his future to be decided, and based on these four cuts, Tagovailoa is not likely to return to the Dolphins in 2026.

More moves are coming for the Dolphins, and more cap savings might be on the horizon as well. It's going to be a busy offseason for Miami's front office, and they've already done four huge moves, saving $56 million in cap space for the 2026 NFL season.

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