What's interesting is examining the "dead" money on the salary cap. That's cap expenditures that are allotted to players no longer on the roster. The Packers are in good shape in that regard, especially when compared to Indianapolis, which has has more than $37 million in dead money, according to the Indianapolis Star.
Nick Collins, who was released because of a career-threatening neck injury and remains out of action, counts $2,300,775 against this year's cap.
The ghost of Justin Harrell lingers, but only for this final year. The 2007 first-round bust, who played in just 14 regular-season games, was released in the offseason following the 2010 season. Out of the league ever since, Harrell counts $530,000 against the cap.
Charlie Peprah, who was cut before the start of camp, counts $129,650.
That adds up to more than $4.86 million. Here is more "dead" money on the Packers' cap, though this is not a complete list and does not include the thousand-here and couple-thousand-there given to this year's undrafted free agents who didn't make the team.
— Free-agent flop Anthony Hargrove was a no-risk signing. He counts $4,495 against the cap. That's the same figure for Daniel Muir.
— Mike McCabe was given an injury settlement of $112,412.
— Duane Bennett was given an $80,294 injury settlement. Ditto for his former Minnesota teammate, Eric Lair.
— Ray Dominguez was given a $50,824 injury settlement.
— Shaky Smithson was given an injury settlement of $48,176.
— DeMarco Cosby was given a $32,188 injury settlement.
— Vic So'oto was given an injury settlement of $26,622.
— Jaymes Brooks, who was released off the PUP list, counts $17,558.82.
— Brandon Underwood, who had more legal problems in Green Bay than quality snaps on the field, it seems, counts $25,550.
— Don't forget about 2011 sixth-round pick Ricky Elmore, who didn't make the team. His prorated bonus counts $66,177 on this year's cap.
— Another 2011 draft pick, Caleb Schlauderaff, was traded to the Jets at the end of camp but counts $79,350 against the cap.
— Quinn Johnson, who was traded to Tennessee at the end of camp last summer, counts $48,071 against the cap.
— Nick McDonald played in the Super Bowl for the Patriots last season but still counts $1,334 on the Packers' cap.
— This isn't really dead money, but the two 2012 draft picks who were released, B.J. Coleman and Andrew Datko, have prorated signing bonuses of $11,474. Coleman, Datko and the other six on the practice squad players have cap values of $96,900.
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Bill Huber is publisher of Packer Report magazine and PackerReport.com and has written for Packer Report since 1997. E-mail him at firstname.lastname@example.org, or leave him a question in Packer Report's subscribers-only Packers Pro Club forum. Find Bill on Twitter at twitter.com/PackerReport.