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SMH at this contract!

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I know it's well known about Stewarts deal being a killer towards our cap, but reading this and seeing every detail is just astonishing how fuggin dumb Hurney must of been, I mean every possible stipulation he could of put in to fug us he did lol, sooner we get these big contracts and dead money off our books the better our franchise will be, Gettleman says he walked into a good job, he walked into a mess, getting Stewart to restructure this offseason is a must, 15 games in two years doesn't deserve this contract.

When do the Panthers restructure or part ways with Jonathan Stewart?

It didn’t make sense for the Carolina Panthers to sign Jonathan Stewart to a five-year, $36.5 million contract extension (including $23 million guaranteed and worth a maximum of $41.5 million through salary escalators) in 2012 after paying DeAngelo Williams like a workhorse running back a year earlier. The structure of Stewart’s contract will prevent the Panthers from releasing him in 2014.

Stewart's contract appears to have been a big mistake.
Stewart has a $6.785 million option bonus due on the 10th day of the 2014 league year (March 20) to extend his contract an additional year so it runs through the 2017 season. There is an equivalent non-exercise fee due the following day if the Panthers don’t exercise their option for the extra year. Paying the option bonus or non-exercise fee will reduce Stewart’s fully guaranteed $8.285 million 2014 base salary (without an offset) to a fully guaranteed $1.5 million (without an offset). His 2014 cap number is $5,496,250 with exercise of the option. If Stewart is released before the option bonus is payable, the Panthers will have a 2014 cap charge (or dead money) of $18.185 million for him. The $18.185 million includes Stewart’s $8.285 million 2014 guaranteed base salary and $2.5 million 2015 base salary guarantee, which would accelerate onto Carolina’s 2014 cap upon release. Giving Stewart a post-June 1 designation would keep the $5.1 million of signing bonus proration associated with the remaining years of his deal from accelerating into 2014. The Panthers would have $13.085 million of dead money because of Stewart’s departure.

There would be a $7,996,250 2014 cap charge for Stewart if he is released after June 1 with exercise of the option primarily because of his base salary reduction. The Panthers would also have $10,188,750 of dead money for him in 2015. The dead money is usually the same if a player receives a post-June 1 designation or is released after June 1. The different amounts with Stewart are due to the option bonus and non-exercise fee.

Stewart has an $8,496,250 2015 cap number if the option is exercised. The Panthers will gain $2 million of cap room by releasing Stewart in 2015 with post-June 1 treatment (assumes the option was exercised). There would be $6,496,250 of 2015 dead money and $6,192,500 of dead money in 2016.
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Posted · Report post

He will never be healthy again. Absolute high priced dead weight. 

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Posted · Report post

and my day was going so good.............

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It only gets worse the next few years. There's virtually no chance he is going anywhere soon.

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I really wish we could get him to take an injury settlement, but that's not gonna happen.

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He needs to retire

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Didn't mean to depress anyone guys, I never knew the whole ins and outs of his deal so looked it up, Hurney must of been drunk drawing this up! No wonder were fugged for cap space and this is just Stewarts contract! guaranteed money, dead money, bonuses, options, every detail in the deal is not good for us.

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He needs to retire

 

Unfortunately, he has millions upon millions of reasons not to retire.

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To quote Gettleman, "Lord willing and the creek don't rise, two years [and we're out of this fugging cap hell that my dipsh!t predecessor put us in.]"

 

 

anything we win before then is pre-dynasty gravy.

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Posted · Report post

We gotta hold out some hope he gets serviceable again. Hes still young.

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i wish JR would slip him a couple mil under the table in exchange for a voluntary pay cut/restructure/retirement

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We gotta hold out some hope he gets serviceable again. Hes still young.


Yep. Stewart is tough as nails too. We gotta hope he makes a comeback.

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