Buccaneers Release P Michael Koenen, Free Up $3.25M In Cap Space

The Tampa Bay Buccaneers are releasingย P Michael Koenen, according to numerous reports Tuesday morning.

This comes after the Buccaneers signedย Jake Schum to a contract in recent days.

Koenen, 33, has two years remaining on his six-year, $19.5 million contract that includedย $6.5 million guaranteed. He would have made base salaries ofย $3.25 million over the next two years.

According to OverTheCap.com, releasingย Koenen will free upย $3,250,000 in cap space while creating noย dead money.

In 2014, Koenen appeared all 16 games for the Buccaneers and total 2,969 yards punting and 33 touchbacks.ย Pro Football Focus had him rated as the No. 37ย punterย ย out of 38 qualifying players last year.

 

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