It’s only been two days since we talked about the Dolphins–Jalen Ramsey trade situation, but what a two days it has been. We insinuated in our most recent post that a trade could be on hold until after June 1 for cap reasons, and a lot of signs appear to be pointing in that direction. 
The reasoning for this is fairly clear. Were the Dolphins to trade their star cornerback before June 1, the team would eat $25.21MM in dead money with Ramsey still taking up $8.55MM of cap space. If the team makes the trade after June 1, that dead money figure reduces to $6.75MM with the team also getting $9.92MM of salary cap relief.
As if to mark June 1 as a finish line, Ramsey simply posted, “5…” on his X account yesterday, likely indicating the number of days until Miami will be willing to trade him. In a string of posts today, Ramsey reiterated that targeted date, telling his followers to “finish the week strong.” He also indicated that things have “ended” and that “a new chapter awaits.”
Head coaches of two teams offered quotes today on the situation, as well. Miami’s Mike McDaniel made it clear today that his focus is on the players who are at the team’s facilities — Ramsey doesn’t appear to have any intentions of attending any offseason activities with the Dolphins. McDaniel said that he’s “very excited to coach a team” and that he’s “just worried about the players on the field today,” per Barry Jackson of the Miami Herald.
The Rams have been heavily linked as a team that could reunite with Ramsey, and head coach Sean McVay was the other coach to comment on the situation today. According to ESPN’s Sarah Barshop, McVay told reporters that “there hasn’t been any meaningful, tangible dialogue as of late…but that can always change pretty quickly.” “Quickly” could end up being as soon as June 1.
In a mailbag Q&A, Albert Breer of Sports Illustrated addressed what a realistic return could look like in a Ramsey trade. Miami has plenty of incentive to get Ramsey’s salary off their books, but that probably doesn’t mean they’ll be willing to discount him too much. While teams acquiring the veteran defender will theoretically be getting three years of control, those years come with cash payouts of $21MM in 2026, $21.7MM in 2027, and $24MM in 2028.
In those final three years, Ramsey will be playing at 32, 33, and 34 years old. Breer points out that, should Ramsey’s age finally catch up to him and affect his abilities to play cornerback, there are people who believe he can transition into a top-tier safety. Even the highest-paid safeties, though, aren’t averaging $21.7MM and $24MM per year today, and the highest-paid safety over 30 years old is only averaging $6.5MM per season.
Breer speculates that this could mean that we’ll see whichever team acquires him cut the veteran after his first season with the team in order to get out of his current contract and potentially work towards a newer, cheaper one. It’s looking likely that we’ll get to find out exactly which team will have that opportunity in 5…4…