As the Miami Dolphins prepare for the 2026 NFL season, they are facing an unprecedented dead cap total of $182.8 million. This figure marks the highest in league history, surpassing the previous records held by the New Orleans Saints, New York Jets, and San Francisco 49ers, who each exceeded $100 million in dead cap in 2025.
This significant dead cap amount is a strategic decision by the Dolphins' new leadership, including head coach Jeff Hafley and general manager Jon-Eric Sullivan, who took over this offseason. Faced with a roster of aging players and underperforming contracts, the new regime opted to release several high-profile players instead of continuing with an unremarkable roster.
The players contributing to the dead cap total include quarterback Tua Tagovailoa at $55.4 million, wide receiver Tyreek Hill at $28.25 million, and wide receiver Jaylen Waddle at $23.23 million. Additionally, defensive back Jalen Ramsey carries a $20.87 million cap hit, while other notable players such as Minkah Fitzpatrick and Bradley Chubb also contribute significant amounts.
Despite the current financial burden, the Dolphins' strategy is aimed at facilitating a quicker rebuild. Looking ahead, Miami is projected to have over $104 million in cap space for the 2027 season, although they will still have $56.86 million tied up in dead cap.
This figure may increase, but the team hopes to improve its position, particularly if they secure a top draft pick in the upcoming NFL Draft.
