(1/3) Q: Cap implications of Chung trade/release?
A: A Chung trade/release before 6/2 would result in $3,866,667 dead money. Since his cap hit is $6,058,333 removing Chung increases Patriots cap space by $1,516,666 if we presume a player w/ a $675 salary takes his place in Top 51

(2/3) A post 6/1 trade/release would result in $2,633,333 dead money in 2020 presuming Chung earns his 100K offseason workout bonus. A post 6/1 trade/release would increase Patriots cap space by $2.815M if we presume a player w/ a $610K salary takes his place in the Top 51

(3/3) An Chung trade/release after 6/1 also results in $1,333,334 dead money on the 2021 cap while creating $2.6M in cap space in 2021. No Top 51 effect since there are not yet 51 players on 2021 roster.