As of September 2, 2019, Overthecap is listing the Packers with $9.912M in cap space for 2019.  Click here to see for yourself.  Sportrac suggests that the Packers have $9.951M in cap space. When I input the data for both sites into a spreadsheet and made a few minor adjustments, I calculated the Packers' cap space at $9.997M.

Some good news is that neither site is using the Rule of 51 to reach its result.  The layout of both sites looks like they are counting just the top 51 contracts but the numbers in my spreadsheet clearly indicate that both sites counted all 53 contracts, 10 practice squad contracts, dead money, plus IR and PUP obligations.

There is more good news: the Packers' cap space number should increase when the injured reserve situation gets resolved.  The Packers have the following players on IR:  

Note that Johnson, Tyson, and Bolton as UDFAs have split contracts that reduced their base pay to the minimum allowed while they are on the IR: $378K for Bolton and $408K for Johnson and Tyson (since the latter two have two credited seasons).  St. Brown as a later round pick also has a split contract but the base salary must have been negotiated since it is not the minimum allowed. Spriggs, as a second round pick, does not have a split contract. 

It appears that the Packers will keep St. Brown on IR all year and have him return in 2020.  His cap situation probably will not change.  However, I expect the Packers to release Spriggs, Johnson, Tyson and Bolton when they can pass a physical, or release the latter three by means of an injury settlement.

Spriggs will earn $66.6K for every week of the regular season he is still on the IR.  There is no way to know how long that might be.  As an example, if he can pass a physical and thus be released after 5 weeks, he would earn $333K but the Packers would then get a cap savings of $799K ($1,132,404 minus $333,060).  Bolton and Johnson both earn $24K per week.  If they both can pass a physical after five weeks, they would get paid about $111K and the Packers would receive cap savings of $297K each.  It is roughly the same for Bolton.  Since there are unknowns, I cannot calculate the Packers expected future cap savings: it could be $1M to $1.6M unless the injuries are worse than reported.

For now, I agree with Overthecap and Sportrac that the Packers will have about $9.9M in cap space after the season starts.  That does not figure in the signing of B.J. Goodson since his contract numbers are unknown at this time, or the release of James Crawford.  I would guess that those personnel moves will not affect the cap much.

I also note that $7.91M of the $9.9M cap space comes from the release of Mike Daniels.  Otherwise, the Packers would be down to $1.99M in cap space.  Yes, the Packers needed Mike Daniels' cap savings.

Quite a few people have entered CHTV's Weekly Pick Em but there is plenty of room for more!  It is run through ESPN.  If you wish to participate, you must sign up and submit your picks by this Thursday, September 5, 2019, before the start of the first regular season game.  Click here for the article with instructions on how to join.