Question about NFL contracts?

If a team cuts a player with a contract, does the team still owe the player the rest of the contract? For instance, if the player still had 3 years left on his contract, does the team have to pay him the balance of the 3 years? I hear sports analysts always talking about how if a player is cut his money still goes... show more If a team cuts a player with a contract, does the team still owe the player the rest of the contract? For instance, if the player still had 3 years left on his contract, does the team have to pay him the balance of the 3 years? I hear sports analysts always talking about how if a player is cut his money still goes against the salary cap. If a player gets cut, then another team picks him up, is he then getting paid by 2 teams?
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