According to NFL Media's Tom Pelissero, the transactions will create $6 million in cap space. Guy, 33, spent seven seasons with the Patriots, playing 110 games and accumulating 379 tackles and 10.5 sacks. He has also played for the Colts, Chargers, and Ravens. Phillips, 31, played for New England for the past four seasons, participating in 67 games and recording 284 tackles, six interceptions, and 16 passes defensed.