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Conjecture about Mixon’s status focused on the fact that cutting him with a post-June 1 designation would provide the team with over $10 million in cap space and that of saying that Mixon would remain on the roster for the regular season.
Releasing him with a post-June 1 designation would split his remaining $5.5 million cap charge evenly between 2023 and 2024.
Source: https://profootballtalk.nbcsports.com/2023/01/30/joe-mixon-didnt-get-much-work-on-sunday/
They could save $13.41 million with a post-June 1 release, though they wouldn't be able to use the cap space during free agency and would still have dead money from Thielen on their books through 2024.