If OTC is correct; and, if he's a post-June cut (assuming that's the case) the Packers get a robust $17M of 2025 cap relief, with only $7.5M of Dead-$ ... presumably more Dead-$ in 2026.
I would not anticipate a team putting-in a waiver-claim, and taking-on Alexander's current contract but there are some dopey and desperate teams out there; and, over half the League has more than $25M of cap space at the moment.
Makes for a more interesting June. See some free agents signings ... like Nick Chubb, with Houston.
Some bargains but a few may cash-in