Net, from what I can find if cut prior to June 1, there is a $700K cap hit. After June the Packers save $700K but costs them 1.4 million in 07.
Ideally. The Packers would trade him. Unfortunately, other teams would be reluctant to take on a 2.1 mil salary for his lack of production. Ferguson is paid more than Driver.
Ferguson, as a rookie 2nd round pick entered one game as kick returner.
2nd year caught 22 passes for 293 yards. 3rd year 38 catches and 520 yards. 4th 24 catches 367 yards. This year 27 for 366 yards to date.
So for 5 seasons Ferguson has 111 catches for 1536 yards.
Walker had 89 for for 1382 yards in 04 for 1/4 the price. Murphy going down in week 4 had a better rookie season than Ferguson.
It will be hard to get a conditional 7th rounder with his price tag.
The receiver spot is a big ? with Walker and Murphy likely not 100%. Driver is aging. Who knows what Gardner will do. Free agency and draft??
I think Turd Ferguson gets one more chance as Hunt did to make the team. His attitude and play better pick up. He will likely compete with Chatman for the #5 or 6 WR spot. Despite his salary he is costing the Packers only $700K in cap to play for 06.
Cutting him in 07 saves money. Finding better players will get him out the door sooner.