Teams were allowed to use a June designation on players previously cut. The Bills did so with Fitzpatrick, who carried a bloated $10 million cap hit this year. By using the designation, Buffalo was able to split the cap charge into $3 million this season and $7 million in 2014.
The Bills already had solid cap room, but the move essentially frees up another $7 million this year for Buffalo to use in other areas. For example, the cap savings should definitely increase the chances of Buffalo working out a long-term extension with Pro Bowl safety Jairus Byrd this summer. Byrd is unhappy with the one-year franchise tag and is seeking long-term security. He's Buffalo's best defensive player and the Bills have plenty of cap room. It makes a lot of sense for both parties to work out an extension.