@StreetHawk is my POC for all cap questions
Hit up Spotrac and see. I can't foresee Denver being able to trade Russ, thus they will be on the hook for all of the guaranteed money.
On straight cut, he's going to run Denver $85 mill. So, it can be like $30-35 mill in 2024 then $50-55 mill in 2025.
His base salary of $17 mill for 2024 along with his option bonus of $22 mill is guaranteed. And his 2025 base salary of $37 mill would become guaranteed in the first week of the 2024 league year in March 2024.
So, cutting him early means that they eat the $39 mill in cash that they owe him. Plus, $30 mill in unallocated signing bonus of the $50 mill he got. That's $69 mill. He got $20 mill option bonus in 2023, which would have $16 mill left on it to allocate to Denver's cap, which is how we arrive at the $85 mill amount of dead cap space if they cut Wilson.
I can't see a team trading for Russ unless he redoes his contract so that the 2025 base salary doesn't become fully guaranteed. It's worse than Carr's which only activated for the upcoming season. Russ would activate a year in advance.
For reference, Rams are eating $76 mill in dead cap space in 2023 for Ramsey, Robinson, Floyd, Wager, etc.
Denver current has $1.4 mill in dead cap for 2024 year. But, Denver will have its work cut out since they are also $14 mill over the salary cap with Russ expected to count $35.4 mill. Which would stay roughly that number if they did the dead cap over 2 years in 2024 and 2025. But, that's $50 mill give or take in dead money in 2025.
* Edit. Spotrac shows a 2025 cut would cost Denver $49.6 mill on Russ which contradicts the $37 mill in 2025 base salary being guaranteed on the 5th day of the 2024 league year. Maybe they meant 2025 league year for that, otherwise, they should be adding the $37 mill onto the $49.6 mill dead cap making it like $86 mill.