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panther4life

Beason trade saves 705k in cap room

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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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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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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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Since you've obviously already looked at his details, can you fill me in on how much dead money we're talking about?

 

I'm guessing it has to be pretty substantial based on his old contract/signing bonus.

 

5,250,000 in dead money. restructuring the contract voided 8M of the dead money (If I am reading it right)

 

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

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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.

 

Bonuses like that don't always impact the cap until it actually happens. It depends on whether or not it was considered as "likely to be earned".

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Bonuses like that don't always impact the cap until it actually happens. It depends on whether or not it was considered as "likely to be earned".

Either way it's 1.75 mil we are off the hook for now.

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I guess it was a move that needed to be done, sad day but going to Goodwill this AM to donate my Beason jersey.

Why would you get rid of his jersey?

Jesus, I don't understand some people. . .

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Wish Beason the best, but his extension got the worst return on investment of any Hurney gave out. 

 

*cough* Jake Delhomme *cough*

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