It's a big date for the Packers and Jaire Alexander, and it might bring them one step closer to making a major decision

June 2 is a big date for the Green Bay Packers. Unlike last year, when the team finally gained cap space from post-June 1 designation releases, this time around the Packers don't have immediate salary cap implications on this date. However, it's a significant checkpoint for Jaire Alexander's situation.

Starting on June 2, the acceleration of future prorations doesn't happen until the following year. It means that a trade or release now would create a much better financial outlook for this season.

Had Alexander been cut or traded before, the Packers would handle $17.043 million in dead money, all in 2025, and the cap savings this season would be $7.593 million. From now on, the dead money is split: $7.518 million this year and $9.525 million in 2026, which means the cap savings in 2025 go up to $17.117 million. Green Bay would also clear up $17.493 million next year and $2.005 million in 2027 by trading or releasing the cornerback.

Possibilities

The fact that it's now easier for the Packers to execute a move to part ways with Jaire Alexander doesn't necessarily mean they will do it. Right now, it seems like both sides are closer to finding an agreement for the former All-Pro player to stay in Green Bay.

Any adjustment would likely include a base salary paycut, and the cornerback would probably receive some type of incentives tied to playing time to recoup part of the money back.

Alexander is under contract for two more seasons, but none of his remaining salary is guaranteed. He's slated to make $17.5 million in 2025 and $19.5 million in 2026, although it's unlikely that he will see the entirety of his salary. The cornerback missed 34 of his last 68 games in the NFL — mostly because of several injuries.

Earlier this offseason, the Packers were open to trading Jaire. However, all interested teams required a paycut as well, and Alexander would rather be cut than take a paycut to be traded. Without a resolution, general manager Brian Gutekunst has decided to wait.

"We invested a lot in Jaire and want to make sure, if he's not gonna be on our football team helping us win games, that we get something back for that investment," Gutekunst said back in March. "So we'll see where it goes."

When Alexander is available on the field, he is still a high-level cornerback. And the Packers haven't added much to the position this offseason. Yes, they signed Nate Hobbs in free agency and drafted Micah Robinson in the seventh round, but the roster also lost Eric Stokes, Corey Ballentine, and Robert Rochell in free agency.

Next checkpoints

Jaire Alexander hasn't attended Packers OTAs, which are voluntary. The next big date in regards to his situation with the Packers is June 10, when Green Bay kicks off its mandatory minicamp. The team can't prohibit him from attending, and the injury risk makes the situation more complicated. Training camp starts on July 23.

The final date for a resolution is September 6, the eve of Week 1 game against the Detroit Lions. If the cornerback plays in the regular season, since he has more than four accrued seasons in the NFL, his base salary becomes fully guaranteed.