1st, some people think they can still dump players for FA upgrades before the 27 man cut. This is incorrect. All trades will take place after the cut.

2nd, after the cut to 27, you can trade eight guys away for eight FA picks if you so choose.

The only thing that matters is that you end up with a total of 35 when combining players and picks.

Its not in the rule book, but its the way things have worked the last few years.