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Thomas Davis restructures to create $3.25M in new cap space


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#1 PantherFeez

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Posted 24 February 2014 - 02:41 PM

http://blogs.charlot...nthers-nfl.html

 

 

Under the terms of the restructured contract, Davis received a $5 million bonus for signing the $16.5 million contract -- a figure that includes $1 million salaries for each of the three voidable seasons from 2016-2018.


Davis' base salary this year decreases from $2.75 million to the veteran's minimum of $950,000. Davis' cap number dips from $6.82 million to $3.57 million for a savings of $3.25 million.
 

Davis' base jumps to $7.5 million in 2014, with a cap figure of $10 million.

 



#2 Jackofalltrades

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Posted 24 February 2014 - 02:42 PM

And so it begins.

Thank you DG and TD.

#3 Mr. Scot

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Posted 24 February 2014 - 02:42 PM

Probably hear more news like this in upcoming days.

#4 joemac

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Posted 24 February 2014 - 02:45 PM

Yeah but next year he counts 10 mil towards the cap. Is that really any better?

#5 frash.exe

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Posted 24 February 2014 - 02:45 PM

Thank you based Davis

#6 TheRed

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Posted 24 February 2014 - 02:46 PM

The first of several I would imagine.

 

I like the short term benefits, and getting more cap space obviously, but the next few years are only looking worse right now.



#7 chknwing

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Posted 24 February 2014 - 02:47 PM

Yeah but next year he counts 10 mil towards the cap. Is that really any better?

 

not when he retires



#8 @bonafidebanter

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Posted 24 February 2014 - 02:47 PM

Nice! 



#9 CarolinaNCSU

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Posted 24 February 2014 - 02:51 PM

Yikes to that 10 million cap hit...but hey, it's TD. 



#10 csx

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Posted 24 February 2014 - 02:57 PM

Davis' base salary this year decreases from $2.75 million to the veteran's minimum of $950,000. Davis' cap number dips from $6.82 million to $3.57 million for a savings of $3.25 million.
 

Davis' base jumps to $7.5 million in 2014, with a cap figure of $10 million.

 

Is that supposed to say 2015?




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