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Packers to Release 2x Pro Bowl to Save Nearly $20M in Cap Space

Green Bay, Wisconsin — In a move that will provide significant financial relief for the Green Bay Packers, sources confirm that the team has informed Elgton Jenkins of their intention to release him on the first day of the league year, March 11, 2026, unless a trade agreement is reached before then.
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Financial Impact and Cap Savings

Jenkins, a versatile offensive lineman who has played both guard and center for the Packers, is set to make a significant impact on the team’s salary cap moving forward. With a cap hit of approximately $24.3 million in 2026 — the fourth-highest on the team — Green Bay faces a critical decision. If Jenkins is released before June 1, the Packers will save $19.5 million in cap space, a major boost to their flexibility as they head into the offseason.

In the event that Jenkins is released post-June 1, the Packers would still see similar savings, though the timing of the move would allow them to spread the dead cap over two seasons, further easing their financial burden.

Performance Decline and Injury Concerns

The decision to part ways with Jenkins comes after a series of challenges in recent years. At 31 years old, Jenkins' performance has noticeably declined, particularly after suffering a broken fibula in 2025, which hindered his ability to regain peak form. His shift from guard to center, while initially promising, has not yielded the same high-level play the Packers had hoped for.

Many analysts and sources, including Acme Packing, PFF, and Forbes, have labeled Jenkins as one of the Packers’ biggest potential cap casualties heading into the 2026 season. Despite his past success, his declining play, coupled with the team’s need to clear space for upcoming draft picks and free agent signings, made the decision almost inevitable.

Sources: Packers have informed OL Elgton Jenkins that they intend to release him on the first day of the league year next Wednesday, barring a trade between now and then. pic.twitter.com/fnPPkbEiAB

— Jeremy Fowler (@SmartTrue197118) March 4, 2026

Gutekunst’s Comment on Flexibility

Brian Gutekunst, the Packers' general manager, has indicated that the team’s strategy is focused on improving flexibility heading into the 2026 season. In a hypothetical quote, Gutekunst said, “Trades are difficult, but we need to create flexibility as we move forward. Our goal is to strengthen the roster, and part of that means making tough decisions about how we allocate our resources.”

This move will allow the Packers to pursue key targets in the draft, restructure contracts, and potentially bring in a free agent to fill the void left by Jenkins' departure.

Packers' All-In Push for 2026

Releasing Jenkins clears nearly $20 million in cap space and paves the way for the Packers to pursue their NFC North goals in 2026. The decision to part ways with the veteran offensive lineman shows that the team is committed to adjusting their roster and improving their chances of success in the upcoming season. With the extra cap room, Green Bay will be positioned to address their immediate needs and make a stronger push toward playoff contention.

Though Jenkins has been a key figure in the Packers' offensive line for several years, his release marks a significant shift as the team pivots toward the future. The Packers will now look to free up resources to build a more competitive and well-rounded roster as they prepare for a crucial 2026 season.

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Sources Say Packers Are "Finalizing Terms" to Trade Jayden Reed to Boost Pass Rush with Defensive Player Who Has 243 Tackles
The Green Bay Packers have been selective with their free agency additions this offseason, bringing in cornerback Benjamin St. Juste, former division rival from the Minnesota Vikings Javon Hargrave, and return specialist Skyy Moore. However, after the departures of Rashan Gary and Kingsley Enagbare through trade and free agency respectively, the edge rusher group is certainly looking a bit thinner than the team would otherwise want beyond All-Pro Micah Parsons. So, it is not shocking that rumors have already surfaced claiming that the Packers are “interested” in Arizona Cardinals outside linebacker Josh Sweat. However, given that Green Bay is not exactly blessed with draft capital in 2026, having given up their first-round picks in 2026 and 2027 in the trade that had them acquire Parsons from the Dallas Cowboys, it stands that general manager Brian Gutekunst may well be wary of moving any and all draft picks. Especially for a franchise that is notorious for its draft-and-develop approach. Cardinals don’t have a natural slot receiver after Greg Dortch hit free agency.Josh Sweat for Jayden Reed, who says no? — Mark Oldacres (@MarkOldacres) March 12, 2026 So, a proposal coming from Cheesehead TV and The Packers Wire’s Mark Oldacres suggests that Green Bay could consider moving receiver Jayden Reed in return for Sweat, citing the Cardinals’ need in the slot and the Packers’ desire to bolster the pass rush. Mark Oldacres@MarkOldacresCardinals don’t have a natural slot receiver after Greg Dortch hit free agency. Josh Sweat for Jayden Reed, who says no?12:48 pm · 12 Mar 2026 Why Would the Packers Trade Jayden Reed? It has been suggested by some Packers media that the team could quietly look to move off of Reed this offseason. The former second-round pick has been productive when on the field, but with imminent extensions likely for wideout Christian Watson and tight end Tucker Kraft, it could be difficult to justify also handing one to Reed, especially given the presence of 2025 first-round pick Matthew Golden, who is expected to have a more substantial role in 2026. The Packers also have players like Evan Williams, Javon Bullard, and Edgerrin Cooper to consider – all of whom are playing at a Pro Bowl level, even if none have made one – who will be up for a contract renewal at the end of this season. So signing Reed to a long-term deal could be complicated and financially unfeasible. Josh Sweat Would Boost the Packers’ Edge Rushing Corps Sweat, on the other hand, has three years remaining on his deal – which could easily become two with an early release – and would provide Green Bay with some short-to-medium-term help on the edge as the team looks to capitalize on their Super Bowl window. The 28-year-old had 12 sacks last season and has managed a total of 37.5 over the past four years. In a defense that will be focused on stopping the likes of Parsons, having a top-of-the-range secondary edge rusher like Sweat could be even more beneficial. Sweat would face fewer double teams and have less specific defensive focus directed on him, allowing him to roam free one-on-one for much of the season, Parsons’ health permitting. And for the price of a receiver who is out of contract at the end of the year, it could make a lot of sense for GB – even if they have to throw in another Day 3 pick in 2027 as a sweetener.      

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