From people much smart than me (who were quick to tell me as much too!), Washington saves $14.7M in cap space by releasing Smith. His remaining bonus proration is $8.6M (not $10.8M) b/c of the insurance policy payment from his leg injury. His 2021 cap number is $23.3M, not $24.4M

— Nicki Jhabvala (@NickiJhabvala) March 1, 2021