2. The Chargers can free up money by other means
The LA Chargers are going to have to free up a decent chunk of cash this offseason in order to accomplish what the team wants to accomplish. While this may seem like an impossible feat now, the team certainly has the means to free up enough cap space without cutting Allen.
The Chargers' best friend right now is cutting other players and restructuring other contracts. By doing this, the Bolts can create not only the necessary cap space to pay its draft class, but to pay 2-3 lesser free agents as well.
As far as cuts go, the Chargers can cut Matt Feiler and Dustin Hopkins (with a post-June 1 designation for Hopkins) to free up $8.78 million in cap space. Both of these cuts are relatively straightforward and almost certainly will happen with the position the team is in.
As far as restructures go, there are three players who jump off the page: Sebastian Joseph-Day, Joey Bosa and Corey Linsley. All three players have very friendly situations at the back end of their contracts and are surefire bets to play at a high level for the rest of their contracts.
The Chargers would free up $24.1 million by restructuring these players, bringing the total savings up to just under $32.9 million. If the Chargers really need to free up more space, they could cut Gerald Everett to free up $4.25 million or could try and trade him for late-round draft capital to free up $5.75 million.
By just doing the cuts and restructures, the Chargers would have approximately $9.5 million to spend after paying the draft class. That could be enough to re-sign Drue Tranquill and Trey Pipkins. An Everett cut would grow that number to approximately $13.75 million with a trade growing that number to $15.25 million.