Brian Gutekunst Nate Hobbs
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ESPN's Rob Demovsky reported general manager Brian Gutekunst and the Green Bay Packers released cornerback Nate Hobbs with a post-June 1 designation on Tuesday.
The Green Bay Packers saw cornerback Nate Hobbs as a starting cornerback when they signed him to a $48 million contract. But after just one season, the cornerback’s tenure in Green Bay is coming to an end.
ESPN’s Rob Demovsky reported the Packers are releasing Hobbs on Tuesday. The team is designating the move as a post-June 1 release, which maximizes the team’s cap savings.
According to OvertheCap, the Packers will have about $8.84 million in cap savings with the Hobbs cut. That will become available in June.
The Packers will incur a $4 million dead cap hit with the move. However, if the team had released Hobbs with a pre-June 1 cut, there would have been a $12 million dead cap hit and savings of under $1 million against the cap.
Hobbs started his first five games with the Packers last season. During that stretch, he posted 19 combined tackles with one pass defense.
But he missed Week 1 and four other games in the middle of the season because of knee injuries. After returning a second time from a knee issue, Hobbs landed on injured reserve at the end of December.
In 11 games overall with the Packers, Hobbs registered 27 combined tackles, including two for loss, with two pass defenses.