Jump to content


Photo
- - - - -

Gross restructured


  • Please log in to reply
175 replies to this topic

#31 CarolinaAllDay

CarolinaAllDay

    NY Panther's Fan

  • HUDDLER
  • PipPipPipPipPipPip
  • 1,059 posts

Posted 27 March 2013 - 11:31 AM

Sweet Baby Jesus Lets Sign Derrelle Revis

#32 PantherKyle

PantherKyle

    MEMBER

  • HUDDLER
  • PipPipPipPip
  • 192 posts

Posted 27 March 2013 - 11:33 AM

How much cap room do we have in total now?

#33 panther4life

panther4life

    Senior Member

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 4,461 posts

Posted 27 March 2013 - 11:33 AM

Restructures as in took less money or converted base to a bonus? or a combination of both?

Base salary reduced, but no mention of if or how much was converted to bonus. There is no way he simply agreed to 1/8 the salary this season.

On the surface that looks like a pretty sizable pay cut. Thank you indeed Mr. Gross.


I'll wait to see how it all comes out before I get too excited though.

Yeah I don't think he just voluntary taking 7 million less, its probably converted into a bonus.

Reed said his base salary was reduced to those figures not his cap hit. Most all his cap space was salary with little signing bonus. They likely added 1 or 2 years to the contract and converted salary to signing bonus. That will reduce his cap hit by several million but potentially create dead cap space on the back end. We did not save all that money and he didn't just take a huge cut. Get real people.


These guys get it, pay attention to them.

#34 csx

csx

    Senior Member

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 6,371 posts

Posted 27 March 2013 - 11:34 AM

How much cap room do we have in total now?

It depends on how much was converted to bonus.

#35 Cam2Ligit2Quit

Cam2Ligit2Quit

    MEMBER

  • HUDDLER
  • PipPipPipPip
  • 246 posts

Posted 27 March 2013 - 11:35 AM

Base salary reduced, but no mention of if or how much was converted to bonus. There is no way he simply agreed to 1/8 the salary this season.

does not matter we have cap money Now.. does not matter how much Jerry has to pay under the table...

#36 csx

csx

    Senior Member

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 6,371 posts

Posted 27 March 2013 - 11:36 AM

does not matter we have cap money Now.. does not matter how much Jerry has to pay under the table...

Yes, it does. There is no such thing as under the table.

It will help, yes.

#37 Gallagher

Gallagher

    Never Doubt Davis

  • HUDDLER
  • PipPipPipPipPipPip
  • 1,133 posts
  • LocationLos Angeles, CA

Posted 27 March 2013 - 11:36 AM

Reed said his base salary was reduced to those figures not his cap hit. Most all his cap space was salary with little signing bonus. They likely added 1 or 2 years to the contract and converted salary to signing bonus. That will reduce his cap hit by several million but potentially create dead cap space on the back end. We did not save all that money and he didn't just take a huge cut. Get real people.


Yeah, but he'll probably retire, get cut, traded or restructure again before those later years that we are pushing his cap hit towards. He is 32 after all.

Check out what someone on twitter said about it: Nick Mensio@NickMensio
All those extra years on Gross' deal in the NFLPA system are just dummy years to bring the 2013 cap hit down, then, it appears. #Panthers

#38 0115

0115

    MEMBER

  • HUDDLER
  • PipPipPipPip
  • 530 posts

Posted 27 March 2013 - 11:36 AM

Why so srs? Most of the people here have been waiting for gettlegear get in motion with the contract

#39 CarolinaPanthers8789

CarolinaPanthers8789

    Alexander SEMIN!!! FTW

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 19,967 posts
  • LocationNorth Carolina/Virginia

Posted 27 March 2013 - 11:37 AM

It looks like it's just a loop hole in order for the Panthers to address needs this season. Gross will still get his money and the Panthers will still have to address te cap problem, it will just be down the road.

#40 MrBubba

MrBubba

    Senior Member

  • HUDDLER
  • PipPipPipPipPipPip
  • 1,405 posts

Posted 27 March 2013 - 11:38 AM

Posted Image

#41 0115

0115

    MEMBER

  • HUDDLER
  • PipPipPipPip
  • 530 posts

Posted 27 March 2013 - 11:39 AM

Spoiler


Your image is broken.

#42 PiratePanther189

PiratePanther189

    Senior Member

  • HUDDLER
  • PipPipPipPip
  • 817 posts

Posted 27 March 2013 - 11:39 AM

Wish I could tweet at the guy and thank him or something. Remarkably admirable.

#43 CarolinaPanthers8789

CarolinaPanthers8789

    Alexander SEMIN!!! FTW

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 19,967 posts
  • LocationNorth Carolina/Virginia

Posted 27 March 2013 - 11:40 AM

It's a smart move by Gettleman because it might allow the Panthers to compete for the playoffs this year and in turn save Rivera's job being that they could technically afford a semi big name free agent, it would just have to be on a one year contract.

#44 Doc Holiday

Doc Holiday

    NON FACETE NOBIS CALCITRARE VESTRVM PERINAEVM

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 3,755 posts

Posted 27 March 2013 - 11:40 AM

I wouldn't even consider that "re-structure". He just took a massive pay cut. This is great. WE HAVE CAP ROOM!!!

he didn't take a pay cut, it's probably an combination extension/more signing bonus which means he gets paid more now but the team can spread the cap hit over more years thus lowering his number.

It's basically a win win

#45 BeasonBeastingBacks

BeasonBeastingBacks

    Farewell Sweet Prince

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 2,838 posts

Posted 27 March 2013 - 11:40 AM

looks like we're saving close to 3 mil, on the flip side his deal is voidable next year. OL here we come!


0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

Contact Us: info@carolinahuddle.com - IP Content Design by Joshua Tree / TitansReport.