Step 1, designate Godfrey a June 1st cut. I have no idea why Hurney gave him that fat contract. He was never that great to begin with and now he's coming off a major injury. Nobody is gonna miss this guy. Cap savings: +$5,100,000
Next up, extend Olsen for 2 years, while prorating his current salary. Cap savings: +$5,691,250
Finally, restructure Charles Johnson (or straight paycut if you can get him to agree to it). Normally I'm not a fan of pushing cap hits down the road but these three moves combined actually give the Panthers about $3 million more cap space in 2015 and an added ~$5 million in 2016. CJ's restructure gives us an added +$5,263,333 in 2014, bringing the final to...
Total added cap space: $16,054,583
The new projected cap will also give us roughly an extra $7 million compared to last year.