the Los Angeles Chargers are releasing veteran wide receiver Mike Williams. According to reliable league sources.
The release of Williams is bound to save the Chargers a substantial $20 million in cap space, as indicated by Over the Cap reports.
𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Mike Williams to be released by the Chargers, per @RapSheet pic.twitter.com/KDB46BE4Y0
— Dov Kleiman (@NFL_DovKleiman) March 13, 2024
The team has thus drifted through compliance ahead of the new league year, set to start Wednesday at 1 p.m. PT.
In light of the release, the Chargers have successfully agreed on terms for three free-agent signings.
The confirmed names include Gus Edwards, Will Dissly, and Alohi Gilman. However, the team still needs to clear an additional $9 million to accommodate these new contracts within their cap sheet.
The mandate to clear this cap space must be fulfilled before the contracts are processed, hinting towards more moves on the Chargers’ agenda.
Key players like edge rushers Joey Bosa, Khalil Mack, and wideout Keenan Allen need to brace for $30-plus million cap hits for 2024.
This will require making some hard decisions and possibly more significant releases.
Mike Williams’s release concludes a seven-year contract with the Chargers, which saw him swiftly rise as a formidable force within the team after being picked as No.7 in the 2017 NFL Draft.
Williams had an unforgettable career year in 2021 with robust figures to his credit- 1,146 receiving yards and nine touchdowns.
As a sign of recognition, he was also awarded a hefty three-year, $60 million extension.
