At 2:20 pm on day 4 of free agency official word has come out from the Oakland Raiders that Kamerion Wimbley is released before his contract became official tomorrow and the Raiders would have been obligated to pay out the remaining terms of the astronomical contract awarded him last year by the late Al Davis days before the lockout.
This puts the Raiders in the neighborhood of some $15 million below the cap, and that number can still improve should Tyvon Branch come to terms with the Raiders for a deal more favorable for the current cap situation than would come with his signing the franchise tag.
The reactions from fans are mixed, but most agree the contract was far too high a price to pay for what Wimbley brought to the table.
Stay tuned for updates as they occur as the Nation awaits its first acquisition of the 2012 free agency period to happen.
UPDATE: tweets from the usual suspects we can trust coming in about signings of CB Ron Bartell and G Mike Brisiel in ink, with first hints indicating a cap hit to the tune of some $7 million combined, or almost half of the estimated available funds. Check back for official word and figures once announced.