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Beason trade saves 705k in cap room

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Posted

Saves a lot more than that.

 He is going to make $6.5 million next year.  Very Nice trade Gettleman

 

 

 

 2014: $6.5 million, 2015: $7.5 million, 2016: $8.75 million, 2017: Free Agent

I believe that you are wrong. They re-structured him and it voided the rest of the contract. He was supposed to be FA after this year

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Posted

I believe that you are wrong. They re-structured him and it voided the rest of the contract. He was supposed to be FA after this year

 

You're right I am wrong his cap hit would have been 10.75 in 2014.  Which makes the trade even better!

 

http://espn.go.com/blog/nfcsouth/post/_/id/49313/details-on-jon-beasons-restructured-deal

 

Details on Jon Beason's restructured deal
July, 26, 2013
Jul 26
4:25
PM ET
By Pat Yasinskas | ESPN.com
10469.jpg
Beason
I just got a glance at the details of the contract Carolina Panthers linebacker Jon Beason restructured earlier this week.

It’s pretty simple. Beason took a significant pay cut and didn’t recoup any of it with up front money.

Under the new deal, Beason’s base salary for this year dropped from $5.25 million to $1 million, which is fully guaranteed. That drops Beason’s cap figure for this year from $9.5 million to $6.1 million. Beason can recoup $1.75 million if he is active for all 16 games.

The rest of Beason’s contract, which runs through 2016, remained untouched. That means there’s a good chance Beason will have to restructure again next year because his 2014 cap figure is $10.75 million.

The Panthers now are $12.8 million under this year’s cap.

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Posted

Base salary is 6.5 but his signing bonus is prorated so he is due 4.0 million also next season. 

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Posted

Base salary is 6.5 but his signing bonus is prorated so he is due 4.0 million also next season. 

 

First of all, the base salary is not guaranteed. Second, his prorated bonus charges still hit us. He's already been paid that money and it is just an accounting figure right now. Unfortunately, it is a figure we can't just make go away by trading or cutting him.

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Posted

Here's a site that breaks down his contract. I'll copy and paste the data but I doubt it will be user friendly so I'll include the link as well

CONTRACT:6 yr(s) / $52,929,554 SIGNING BONUS $20,000,000 AVERAGE SALARY $8,821,592 GUARANTEED:$20,000,000 FREE AGENT:2015 / Unrestricted

YEAR BASE S. BONUS MISC. CAP HIT DEAD

2011 1,040,000 4,600,000 - 5,640,000 20,000,000

2012 2,639,554 4,000,000 250,000 6,889,554 16,000,000

2013 1,000,000 4,000,000 1,187,500 6,187,500 13,250,000

2014 6,500,000 4,000,000 - 10,500,000 8,000,000

2015 7,500,000 4,000,000 - 11,500,000 -

2016 8,750,000 - - 8,750,000 -

2015 UFA

http://www.spotrac.com/nfl/carolina-panthers/jon-beason/

In summary it doesn't look like we save any money

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Posted

Base salary is 6.5 but his signing bonus is prorated so he is due 4.0 million also next season.

Actually you're totally wrong about his restructure!

http://www.derp/2013/8/20/4640822/jon-beason-contract-void-carolina-panthers

Confusion mounted Tuesday morning as information emerged surrounding Jon Beason's restructured deal, which happened shortly before the Panthers joined for training camp in late-July. Now we have a better idea, as this season will likely be Beason's last in Carolina. His contract will be made void before the beginning of next season. Joel Corry was the first to report the details of the deal, which will go into effect in February of 2014.

The Panthers and Beason are two sides moving in opposite directions. Carolina have committed fully to Luke Kuechly being their future at middle linebacker, and while Beason will play on the weakside in 2013, it doesn't play to his strengths as a player. This allows him to move past the Panthers, and gamble that his performance this year will sell his ability on the open market.

I knew I wasn't trippin

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Posted

Actually you're totally wrong about his restructure!

http://www.derp/2013/8/20/4640822/jon-beason-contract-void-carolina-panthers

I knew I wasn't trippin

 

Just as an FYI, that site is not reliable at all when it comes to salary/contract info.

 

I remember when they had a front page article about how Hurney was such a genius because he heavily front-loaded CJ's contract. They even thought we had taken a $30 million-plus cap hit in year one because of his signing bonus. None of that was even remotely close to reality.

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Posted

Just as an FYI, that site is not reliable at all when it comes to salary/contract info.

 

I remember when they had a front page article about how Hurney was such a genius because he heavily front-loaded CJ's contract. They even thought we had taken a $30 million-plus cap hit in year one because of his signing bonus. None of that was even remotely close to reality.

Oh I know, it James Dator's site. It pained me very very much to even link his garbage but I can't find it anywhere else.

(Which could mean its not legit) but I remember reading threads about this earlier this summer. People had the legit #s through the NFL contract site or what not

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Posted

Only one guy reported that.  We still save 4 mil. his dead space money was supposed to be 8 mil.  we might have to eat his signing bonus.

Rgr that. Tracking... Just weird

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Posted

So what did we get for him?

Tickets to letterman.

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Posted

Remember he also had a game bonus. 1.75 mil he would get if he was active all 16 games. I'm guessing that's voided now.

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