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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

What Gettleman has done is allow Barner to get adjusted to the NFL by using him in situations suited to his strength and not having to rely on him to carry  half the load with Stewart.  It also gives us depth if one of our horses go lame.

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. 

oye...good point there.

 

i guess he's retiring a panther. I'll take it.

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.

 

Man it feels good to have a real GM. This is great news.

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. 

 

thank you for the clarification

i don't think he took a pay cut this year.  They converted his salary this year and next year into a signing bonus and added 2 years onto the contract for proration purposes. It was hard to tell if they cut it in 2015 given all the numbers thrown around. But I bet he retires in 2015 if not sooner.

double post.

Oh ok yeah, VERY COOL (bobby bottleservice voice)

Good. No way he could of played with his old number this year.

Very good news...get to keep him and create the same amount of rooms June 1 cut would have made. This was the best case scenario

 

see? all that arguing over nothing. as i said before, DG knows what hes doing.

i don't think he took a pay cut this year. They converted his salary this year and next year into a signing bonus and added 2 years onto the contract for proration purposes. It was hard to tell if they cut it in 2015 given all the numbers thrown around. But I bet he retires in 2015 if not sooner.

I expect him to retire at the end of 2015.

Great news we get to keep d will a world class rb and save a good bit of cap, if beason restructures this will be a epic off-season.

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Some hard math going on there. Did he take a pay cut, or is the reduced money turned into workout bonus and the longer term garanteed?

Excellent news, I wonder what incentive was used to leverage, because with how his contract was he didn't have to do anything and still get paid

DWill is a stand up guy.  Something most of us already knew.  We have a team full of unselfish players that truly just want to win.  This could be a sign of something special.  Now lets not waste his measure of good faith and go out there and win something! 

Yeah, poor scheme and blocking are on DLo, the guy who had a 5.0 ypc coming into last season.

 

 

Saves 3.2 million this and next season..Gettle Magic!!

Also another win is we do not have to rid ourselves of a veteran playmaker..just hope Deangelo comes ready to play by week 1 instead of week 6.

 

Good deal.

 

We've adjusted his pay, now hopefully Shula can revert the offense back to a style that fits Williams and he can return to the type of runner he has shown he can be.

We bigger worries than a Greg Hardy extension....with hopefully a better front 7 this year hopefully it means Hardy does less and we gain some leverage in talks
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Who Said What?
May 15 2013 08:40 AM

Great news we get to keep d will a world class rb and save a good bit of cap, if beason restructures this will be a epic off-season.

 

This has been an awesome offseason.  Beason will not restructure and Gettleman should not ask him to do it.  If he falls flat this year, you can cut him or trade him and save more money.

We bigger worries than a Greg Hardy extension....with hopefully a better front 7 this year hopefully it means Hardy does less and we gain some leverage in talks

 

The addition of Star and Short will break all hell loose for Hardy if you ask me.

This has been a pretty good off-season. Hopefully another FA for the secondary and OL with the freed up money.

Great move.

Can't say i agree that a late round draft pick have any influence on it at all.

Maybe in a perfect world. Which there us no such thing.

We bigger worries than a Greg Hardy extension....with hopefully a better front 7 this year hopefully it means Hardy does less and we gain some leverage in talks

 

 

That, or with others drawing more attention Hardy goes off for 15+ sacks and demands Charles Johnson money. 

Very good news indeed!!!

 

Anyone else think that when Gettleman said Deangelo was on the roster "right now" it was more a leverage play to get this done?

This has been an awesome offseason.  Beason will not restructure and Gettleman should not ask him to do it.  If he falls flat this year, you can cut him or trade him and save more money.

 

agreed only if he was considering staying around would he restructure but if he falls flat unfortunately he will be good as gone next season.  I think we have one more splash left to make in the off season who knows

Kudos to Dwill