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Deangelo Williams Restructures Contract

May 15 2013 07:33 AM SCP Carolina Panthers
Carolina Panthers running back Deangelo Williams has restructured his contract. This move saves the Panthers 3.2 million in cap space this and next season. There has been much speculation so far this off season that Williams would be released. This move settles that question. The Deangelo Williams / Jonathan Stewart Tandem will remain in tact for at least another season.

Williams was entering the third season of a five-year, $43 million contract and was scheduled to earn $5 million in cash with an $8.2 million salary cap number for 2013. Williams will still receive $5 million in cash this year, but the deal has been restructured in a way that reduces his cap number to $5 million, a cap savings of $3.2 million that leaves the team $8.46 million under their adjusted 2013 salary cap number of $126.232 million.
Williams was scheduled to earn $4.75 million in non-guaranteed base salary with a $250,000 workout bonus this season. Under the renegotiated contract, Williams' base salary was lowered to $850,000 and his workout bonus reduced to $150,000. The remaining $4 million was converted to a signing bonus, which will be prorated against the Panthers' cap at $800,000 per season through 2017.
The real cash savings for the Panthers occurs in 2014 and 2015. Full Article


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Deangelo Williams Carolina Panthers runningback

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195 Comments

:: before

Basically he stays 3 more seasons (counting this one) and retires in 2016. We save like a billion dollars in cap space next season and the one after that.

 

His salary reflects a lesser role, we keep a solid back, everyone is happy.

He simply made Deangelo an offer he couldn't refuse...

 

.. also I'm wondering if the Barner pick was a strategy to convince DWill to restructure?

It def gave Gettle leverage and prob made DWill and his agent paranoid as hell

Everyone on here is saying gettle magic, I really think it is a more of a great move by D Will  and shows that he really wants to be a Panther. Any moron could see something had to be done with his contract, but it would not be possible if D Will did not want to be here. I'm glad gettleman finished this, but any person would have done the same thing. Kind of GM 1.1 lite stuff.

I wish Gettleman would drive over to Raleigh and slap Rutherford in his stupid fuging face.    fug you Rutherford, take some god damn notes on how to GM. 

 

Oh right, back on topic.   Saving 3.2 this year and 8 over the next 2..   winning!      

 

Interesting this occurred only a day after it has been hinted we are interested in Woodson.... 

Greg Hardy come get yo money....

 

Or Woodson for that matter.  Long term makes much more sense to lock up Greg before he has a monster season in his contract year....

Fug yes!

Bout that barner pick now...

Love barner but i guess he will only be a scat back assuming dwill and stew stay healthy

Everyone on here is saying gettle magic, I really think it is a more of a great move by D Will and shows that he really wants to be a Panther. Any moron could see something had to be done with his contract, but it would not be possible if D Will did not want to be here. I'm glad gettleman finished this, but any person would have done the same thing. Kind of GM 1.1 lite stuff.


Problem is GM 1.1 lite abilities have been lacking...we have been on free AOL cd-Rom GM style till Gettles.

He is now perfect trade bait!

 

Win for everyone as he would have been cut and wouldn't have made nearly as much on the open market. He is now a viable trade option for teams looking for a RB....NE send us your 3rd....if he stays he is somewhat more affordable than he was before.

 

 

.. also I'm wondering if the Barner pick was a strategy to convince DWill to restructure?

It def gave Gettle leverage and prob made DWill and his agent paranoid as hell

yeah, agreed. i think the barner pick up may have been the thing to seal the deal. 

yeah, agreed. i think the barner pick up may have been the thing to seal the deal. 

 

He does give us the needed depth when one goes down. Same with Klein?

Hell, if all our 5th and 6th round picks do is give us the leverage to shave millions off our cap for the next few years they were picks well spent.  That's more productive than 98% of 5th and 6th round picks turn out to be.

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Way Truth Life
May 15 2013 08:09 AM

Win/Win 

 

Panthers didn't want to cut or lose DeAngelo and DeAngelo would never have received that kind of pay in this RB market if he was released.

 

:goodjob:

yeah, agreed. i think the barner pick up may have been the thing to seal the deal.


Yeah i know this is kind of far fetched but after that beason interview where he said Deangelo is the worst tipper and would be happy to be called that it would make sense that it would take some drastic like drafting barner to make dwill restructure

Hell, if all our 5th and 6th round picks do is give us the leverage to shave millions off our cap for the next few years they were picks well spent.  That's more productive than 98% of 5th and 6th round picks turn out to be.

good point and good strategy if that is what we were doing.

 

barner and klein make williams and beason expendable. that's not to say they are as good or better, but both are and will be solid players who would be able to get the job done....and save us money to improve other areas.

 

i expect beason's contract to be re-done soon. 

.. also I'm wondering if the Barner pick was a strategy to convince DWill to restructure?

It def gave Gettle leverage and prob made DWill and his agent paranoid as hell


I think you are on to something. This restructure might not have happened if it wasn't for that draft pick for Barner. It let DeAngelo and his agent know everyone is replaceable and DeAngelo's agent knows he would not have gotten this kind of money on the open market. It also lets us know the pressure was on DeAngelo and his agent for a while. Gettleman added to that pressure when he made that noncommittal comment to the media concerning DeAngelo.

That my huddle friends was Gettleman being gangsta !!
.

So let me get this straight, did DeAngelo just take a paycut?

And the crowd goes wild
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Way Truth Life
May 15 2013 08:14 AM

Everyone on here is saying gettle magic, I really think it is a more of a great move by D Will  and shows that he really wants to be a Panther. Any moron could see something had to be done with his contract, but it would not be possible if D Will did not want to be here. I'm glad gettleman finished this, but any person would have done the same thing. Kind of GM 1.1 lite stuff.

DeAngelo had no choice.  Get cut and lose millions in a market that allows vets to retire rather than pay them, especially RB vets or restructure and take the money on the table and retire a Panther.

We could sign woodson for a one year AND extend Hardy next season, if they deem Woodson worthy.

good point and good strategy if that is what we were doing.

barner and klein make williams and beason expendable. that's not to say they are as good or better, but both are and will be solid players who would be able to get the job done....and save us money to improve other areas.

i expect beason's contract to be re-done soon.


Agreed.
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Way Truth Life
May 15 2013 08:18 AM

This news literally made my week.....I hated the thought of losing this guy.

He is now perfect trade bait!

 

Win for everyone as he would have been cut and wouldn't have made nearly as much on the open market. He is now a viable trade option for teams looking for a RB....NE send us your 3rd....if he stays he is somewhat more affordable than he was before.

Not before next year.  I guess you missed the part about his dead cap space goes from 9.6 to over 14 million if he is not on the roster in 2013. He will be here this year no matter what. 

We could sign woodson for a one year AND extend Hardy next season, if they deem Woodson worthy.

 

Yes in theory, but you run the risk of Hardy having a ridiculous season in a contract year and hitting the open market....

So let me get this straight, did DeAngelo just take a paycut?

yes, but he also ensured himself a job for the next few years at the same time. 

 

this wasn't some hurney type restructuring where you just push all the money back so you don't have to pay now but have to pay.  lot more later....this was a legit move to make the cap situation better now and in the future while locking up a very good RB for several years or providing some quality trade bait (which dwill's new contract does).

 

this just has 'win' written all over it.