[RamWraith]

The is what Howard has to say on Faulk's numbers

As it regards the salary cap, it is unknown at this time whether Faulk will file his retirement papers with the league immediately or wait until after June 1. Announcing a retirement does not officially put the player off the roster. That occurs when the player officially retires through the league office.
On the roster, he currently counts $3.045 million against the salary cap. That includes $820,000 base salary, a $225,000 roster bonus and $2 million in prorated signing bonus.
It is believed the Rams paid Faulk the roster bonus a few weeks ago. Assuming that is the case, if Faulk retires on or before June 1, he will count $4.225 million against the cap this year and nothing in 2008. If he waits until after June 1, he would count $3.045 million through June 1 and then $2.225 million this year and $2 million in 2008.

I will be at the league meeting in Phoenix, and hope to find out how this will be handled.