Dead money is the term that describes players still being paid even though they no longer are on the team making payments to them. I would imagine that is a very commonly used word in Allen Park. Pat Kirwan of NFL.com looked at how much dead money there was in the NFL, and the article was somewhat surprising. Get this, 10% of the Lions' salary cap is dead money going towards wide receivers, but that isn't the only position.
Ahh yes, Matt Millen's work at its finest. I can only hope Calvin Johnson is as good as advertised, otherwise it'll just sting more and more to know that this all was a waste. I understand there will be dead money since players come and go so often, but with Matt Millen and the Lions, it is far too common, and really does hurt in the long run.