The biggest question regarding Cody Parkey wasn’t if he’d be released, but when. According to NFL Network’s Ian Rapoport, the “when” will be at the beginning of the new league year on March 13.
https://twitter.com/RapSheet/status/1099078342974885888
Parkey will still be paid the $3.5 million in remaining guaranteed money on his contract. The Bears guaranteed Parkey $9 million in his four-year, $15 million deal signed last year, and will not net any cap savings by releasing Parkey. The Bears can use a June 1 designation on Parkey to release him on March 13 without costing them any cap space (without using that collectively bargained designation, the Bears would owe an additional $1.