If you want to move on from Myles Garrett, you need to deal with his increased dead cap charge for 2026 as well as the salary cap cost of the 12th pick they acquire. This will be much more a focus on remaining cap compliant than spending a particular cash amount with my normal pieces.
If we work on the basis Joel Bitonio retires (no decision at time of writing), they restructure Ward fully, Post June 1st cut Teller and Njoku while cutting Conklin from the team. After the draft picks are taken into account, this gives them a salary cap number of around $12m. So that means around $60m of cash spend.
I have taken off a little part of the wiggle room they would have from Hickman and others as you need around $5m as a contingency fund during the season as injuries happen and the practice squad cost.
Here is the roster broken down into what would be a current player and what would be a free agent or draft pick.
Quarterback - Sanders, Gabriel, Watson
Running Back - Judkins, Sampsons, Sanders
Wide Receiver - Jeudy, Tillman, Bond, Corley, (Draft/FA), (Draft/FA)
Tight End - Fannin, (Draft/FA), (Draft/FA)
Tackle - Howard, Jones, Leveston, (Draft/FA)
Guard - Zinter, (Draft/FA), (Draft/FA), (Draft/FA)
Center - Wyple, (Draft/FA)
Edge - Wright, McGuire, (Draft/FA), (Draft/FA), (Draft/FA)
Defensive Tackle - Collins, Graham, Hall, Huntington, (Draft/FA)
Linebacker - Schwesinger, Reid, (Draft/FA), (Draft/FA), (Draft/FA)
Cornerback - Ward, Campbell, Harden, (Draft/FA), (Draft/FA)
Safety - Delpit, Hickman, McMillon, (Draft/FA), (Draft/FA)
Special Teams - Szmyt, Sunahara, (Draft/FA)
There are 21 players listed as (Draft/FA), so if ten are covered by draft picks that means 11 free agents to find with the $60m of cash.
They could certainly put together a roster, it just would be lacking top end talent in free agency additions. You would be gambling on upside players like Teven Jenkins opposed to proven starters like a Joel Bitonio as an example.
Some potential names:
TE Charlie Kolar, $3m
T Braxton Jones, $5m
G Teven Jenkins, $5m
LB Quincy Williams, $5m
P Corey Bojorquez, $3m