Any player dropped before the trade deadline still has part of his contract count against the cap in the following manner: Current year: 90%, Next year: 60%, All future years after: 30%.
If the player is dropped after the trade deadline, then the hit to the cap changes to 75%, 50%, 25%, respectively.
The hit against the cap is rounded up to the nearest $100,000.
You may not bid on a player that you have released for a period of 30 days. If you resign a player, their original contract is restored.
Any player released under a prospect contract will not cause a hit to the cap.