The Miami Dolphins have allowed CB Jalen Ramsey to explore a trade this spring, despite extending the 30-year-old this past September. Ramsey’s contract currently has 4 years, $91.8M remaining, including a fully guaranteed $25.1M through 2025. Of that, $4M has already been paid out by way of a March roster bonus, setting up his tradeable contract to look like:
2025: $21.1M
2026: $21M
2027: $21.7M
2028: $24M
The dead cap structure on the deal makes a trade before June 1st complicated, as the Dolphins would stand to take on $29.2M, a $12.5M cap loss. If the trade is processed after 6/1, that $29.2M would be split as $10.7M in 2025, $18.5M in 2026, representing a $5.9M cap savings for the upcoming season. All of this dead cap derives from previously paid out signing/roster bonus.
The acquiring team would essentially be taking on a 1 year, $21.1M contract, with the remaining three years setup as a pay-as-you-go structure. Ramsey checked in as the #10 rated cornerback in 2024 according to PFF.