Remember that $ number that we are over the cap is a 53 man roster minus 13-14 free agents. We have to sign that many players just to get a full roster. Cutting more players just means that many more to sign.
Unless I a am missing something(quite possible)....
We have 10 UFA'S AND 4 RFA'S . If you go here http://www.panthers....eam/roster.html there is 73 players listed including those who are free agents. So even if we let every free agent walk then we'd still have 59 players on the roster not including draft picks.
So if we retain let's say 4 of our free agents total and sign 5 free agents from other teams and have 5 draft picks make the team then we are right back up to 73. So that means 20 would have to be cut or moved to practice squad if any are eligible.