https://www.profootballnetwork.com/teddy-bridgewater-contract-breakdown-salary-bonuses/
Due to the $10 million in guaranteed salary remaining on Teddy Bridgewater’s contract in 2021, cutting him is not really an option. With the extra $5 million in prorated signing bonus accelerating onto the cap, Bridgewater would leave $20 million in dead money with the Panthers. Designating Bridgewater as a post-June 1 cut would save $5 million after that date. However, that saving is relatively insignificant and does not help the Panthers significantly in free agency.
The Panthers could free up over $10 million by trading Bridgewater
If the Panthers were to trade Teddy Bridgewater and his contract, they could save an extra $10 million against the cap. The guaranteed salary in Bridgewater’s contract would move over to the team acquiring him. Therefore, all the Panthers would be left with is $10 million in dead money.
Trading Bridgewater would save around $13 million on his projected cap hit of just under $23 million.