Callahan going down opens a Risto sized hole in their cap
It opens a Point extension sized hole in their cap.
And they still have to be cap compliant prior to the start of the season. They can go over for now, but I would be Callahan on LTIR is going to be shipped somewhere -- who am I kidding, league-run Arizona probably already has him on their web page -- for a swap of picks prior to the start of the season.