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Everything you need to know about our cap, potential cuts and free agents.

Feb 07 2013 10:30 AM panther4life Carolina Panthers
First of all here are the best links available to help you understand our cap situation and rules.

http://www.eaglescap...alyzingCBA.html (faq on the rules)

http://www.askthecom...laryCap/faq.asp (another faq on the rules)

http://www.spotrac.c...nthers/cap-hit/ (Our cap hits and access to details on every players contract..Click on specific player's full contract to see future cap hits and signing bonus money still counting against the cap in future years)

http://espn.go.com/n...ct-cap-strategy (Every teams updated cap space, except for Giants who have already begun making cuts).

Heres some things you need to know.

Signing bonus- This is guaranteed money players receive as soon as their contract is signed. This money can be and often is spread over the course of a player contracts for up to 5 years. This means the player already has the money but the hit against the cap is spread out. If we cut a player we are no longer responsible for their base salary and owe them nothing. The only deterrent to cutting a player with a large signing bonus is we still have to take the hit against the cap of whatever guaranteed money has not already been accounted for against the cap.

Base Salary- This is the yearly money a player will receive if still on the team, this money and their amortized signing bonus, plus any other workout bonus accounts for our total cap hit.

Dead Money- This refers to money that counts against the cap from players who were cut before their signing bonus has been fully accounted for against the cap.

June 1st cuts- Teams can divide up the remaining dead money or unaccounted for against the cap signing bonus money from players cut over the current year and the next.
*As we did with Wharton last year the new CBA allows for a team to cut up to 2 players before June 1st and still be designated as a June 1st cut, hence allowing a team to spread the hit over 2 years without officially having to wait until June to do so.

March 12th- This is our first deadline to be under the cap(first day of the league year and start of free agency). When we cut down to 53 in September we will have to make sure we are under the cap again.

131.8 Million- This is the amount we are currently have committed to the 2013 cap. The cap is right at 121 Million for 2013.

4,526,462- The amount of the dead money already hitting our cap for 2013. Most of this came from 2 players, Mare(2 Million) and Wharton(1.8 million)

4.5-5 million- The amount our rookie class should roughly count against our cap. (Brockers the 14th overall last year counted 2.164 Million against the rams cap last year, Mychal Kendricks the 46th overall pick last year count just over 1 million against the eagles cap last year thats roughly 3.75 million to our 2 first rounders, plus we'll have a few other picks counting less as well)

Easiest way to calculate for yourself- Go to the spotrac website referenced above. Look at the cap hits and how much remaining signing bonus money we have spread out on each player by clicking on their name. IF you cut that player ignore their base salary and just use the signing bonus money as a cap hit. Choose to spread it out over 1 or 2 years. Keep in mind spreading it out over 2 years can be very helpful but just creates more dead money down the road.


Ways to save without using June 1st rule and piling up dead money for 2014 as well
Cutting Gross would save us 10.7 Million
Cutting Gamble would save us 8.95 million
Cutting Ron Edwards would save us 2.5 million
Cutting Gary Williams would save us 1.125 Million
Cutting Hangartner would save 1.575
Cutting Nakumara would save $967,000


*We could cut other players but if won't save us close to a million no point in fooling with them right now.

**Gross and Gamble should be very easy to restructure as their contracts are almost up and have very little leverage because their remaining signing bonus money to hit the cap is very small(1 Million for Gross and 2 million for Gamble).

Players that would have to be a june 1st cut to save us money this year and by default next year too, but will cause dead money to be on the books in 2014.
Cutting Beason would have an immediate savings of 3.5 million this year and 6.75 million next year.

Cutting Deangleo would have an immediate savings us of 3.4 million in 13 and 4.4 million in 2014. Cutting D-will will also create another 4.6 million in dead money for 2014, because he has a total of 9.6 million in signing bonus scheduled to hit the cap over the next 3 years.

Further reading on Beason situation.
Something has to be done here because not only does he have a large cap hit for 13(9.5 million) it goes up to 10.75 in 2014 and 11.75 in 2015. Since he has 12 million in signing bonus money scheduled to hit the books over the next 3 years( 4 million a year) if we cut him now it would require an immediate hit of the full 12 million. That is more than his current cap hit of 9.5 million if we keep him. Therefore if were going to cut him it makes more sense to do it as a june 1st cut if looking for the cap relief for this year. However if Gettleman can get us under the cap without making him a june 1st cut 2014 will have a much better outlook as we won't have 6 million in dead money already committed to the books.

Further reading on Deangleo Williams situation.

Cutting D-will will also create another 4.6 million in dead money for 2014, because he has a total of 9.6 million in signing bonus scheduled to hit the cap over the next 3 years. If we can bite the bullet on him for this year and hold off on cutting him until next year it would be much more ideal from a fiscal sense. If we cut him next year we can do it before June 1st and still save 2.8 million without carrying over dead money into 2015.

1 other wildcard here would be James Anderson but much like Deangleo if you look at his contract it makes much more sense to wait another year on him .http://www.spotrac.com/nfl/carolina-panthers/james-anderson.

In summary it looks nice and pretty to cut Gamble and Gross but because they have little signing bonus money yet to hit the cap, it provides us a good leverage in negotiating a restructure or small extension. On the flip side someone like Beason who has 12 million in signing bonus money yet to hit our cap has the upper hand on us in regards to not renegotiating if does not want to. I just think much like Wharton, Beason's time is up because we have drafted his much cheaper replacement.

Heres our 2013 Unrestricted Free Agents
Dwan Edwards
Jordan Senn
Antwan Applewhite
Captain Munnerlyn
Louis Murphy
Sherrod Martin
Ben Hartstock
Gary Barnidge
Mike Pollack
Derek Anderson

Restricted Free Agents
Jason Phillips
Nate Ness
Richie Brockel
Andre Neblett

**also something to keep in mind is that Hardy will be a free agent next year and Cam the following year. Both these players are on pace to demand larger contracts so we need to cut back on the trend of doing june 1st cuts and carrying "dead money" over as much as possible so we can retain them.

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175 Comments

:: before


We are going into 2013 with a downgraded coaching staff and roster.

Thats all you really need to know. lol

We are going into 2013 with a downgraded coaching staff and roster.

Thats all you really need to know. lol


Roster....maybe. We'll see.

Coaching staff - other than the uncertainty of Shula (whether he has learned and grown as an OC), our Coaching staff has upgraded at almost every new hire.

I agree with all your cap numbers except for Nakamura's. Pat Y in his ESPN article a month or so ago said the Panthers could save $1.8m by cutting him:



http://espn.go.com/b...e-cap-situation

Trying to figure out what the discrepancy is. Of course, wouldn't be surprised if Pat Y is just flat out wrong.


He also references $136M committed vs $131M above. That $5M is a huge difference.
I still don't know why we paid Beason BEFORE that injury was worked out.

He also references $136M committed vs $131M above. That $5M is a huge difference.


I believe the $136m is a rounded number that was before accounting for the cap carryover of roughly ~4m.

Coaching staff has upgraded at almost every new hire.



Yeah, except for arguably the second most important and crucial coaching spot on the team. That has been downgraded a good deal. Winning!

I believe the $136m is a rounded number that was before accounting for the cap carryover of roughly ~4m.


Ahhh. Gotcha.
Heres my personal proposal on how we should create room to sign the rookies, resign a few vets and add some depth in free agency. All in all I say we need roughly 25 million to meet this goal.

Ok so heres my immediate cuts(non june 1st designations).

Gamble- saves 8.95 million
Ron Edwards- saves 2.5 million
Gary Williams- saves 1.25 million
Nakumara- saves 967,000

these moves here would save us a total of 13.677 million with roughly another 12 million still needed for the rookies, re-signing's and adding some free agents for depth.

I would also part ways with Beason as a june 1st cut and that would save an additional 3.5 million. Now that leaves us 8.5 million short of our overall goal.

Next up on the list is Gross. I'd get him to restructure. Because if we cut him he gets zip, 0, zilch. Then has to go find a new team and see what they are willing to pay him. Last year Eric Winston got a 4 year 22 million dollar deal with the chiefs. That leads me to believe we can get Gross on about a 3 year 16 million deal roughly. If we structure it right we can save about 6 million off his cap figure of 10.7 million.

That leaves us 2.5 million over where we need to be. I'd look to someone like Deangelo Williams to restructure or face being cut. As I alluded to earlier cutting him is not ideal right now from a fiscal sense when thinking about the future but it would save us 3.4 against the cap if we did it as a June 1st cut. So he could restructure and save us the necessary money or get cut. I'd prefer the restructure route for now but if push comes to shove then we can cut him.

Ok so if my hypothetical scenario plays out then the following players will either be replaced by another vet or a rookie draft pick.

under contract currently
Gamble,Gary Williams,Beason,Nakumara,Ron Edwards and possibly a few other lower tier backups not because of money but because of talent or inability to get on field such as Gettis.

Free agents we let walk
Applewhite, Louis Murphy,Mike Pollack, Gary Barndige,Sherrod Martin, Ben Hartstock,Derek Anderson,Richie Brockel.

Free agents we retain
Dwan Edwards,Jason Phillips, Captain, and Nate Ness.


This will leave us looking for help at DT,WR,0-line depth,Secondary depth/vet leadership,backup QB AND TE via the draft and bargain bin of free agency.
Great post op
That's depressing

Heres my personal proposal on how we should create room to sign the rookies, resign a vets and add some depth in free agency. All in all I say we need roughly 25 million to meet this goal.

Ok so heres my immediate cuts(none june 1st designations).

Gamble- saves 8.95 million
Ron Edwards- saves 2.5 million
Gary Williams- saves 1.25 million
Nakumara- saves 967,000

these moves here would save us a total of 13.677 million with roughly another 12 million still needed for the rookies, re-signing's and adding some free agents for depth.

I would also part ways with Beason as a june 1st cut and that would save an additional 3.5 million. Now that leaves us 8.5 million short of our overall goal.

Next up on the list is Gross. I'd get him to restructure. Because if we cut him he gets zip, 0, zilch. Then has to go find a new team and see what they are willing to pay him. Last year Eric Winston got a 4 year 22 million dollar deal with the chiefs. That leads me to believe we can get Gross on about a 3 year 16 million deal roughly. If we structure it right we can save about 6 million off his cap figure of 10.7 million.

That leaves us 2.5 million over where we need to be. I'd look to someone like Deangelo Williams to restructure or face being cut. As I alluded to earlier cutting him is not ideal right now from a fiscal sense when thinking about the future but it would save us 3.4 against the cap if we did it as a June 1st cut. So he could easier restructure and save us the necessary money or get cut. I'd prefer the restructure route for now but if push comes to shove then can cut him.

Ok so if my hypothetical scenario plays out then the following players will either be replaced by another vet or a rookie draft pick.

under contract currently
Gamble,Gary Williams,Beason,Nakumara,Ron Edwards and possibly a few other lower tier backups not because of money but because of talent or inability to get on field such as Gettis.

Free agents we let walk
Applewhite, Louis Murphy,Mike Pollack, Gary Barndige,Sherrod Martin, Ben Hartstock,Derek Anderson,Richie Brockel.

Free agents we retain
Dwan Edwards,Jason Phillips, Captain, and Nate Ness.


This will leave us looking for help at DT,WR,0-line depth,Secondary depth/vet leadership,backup QB AND TE via the draft and bargain bin of free agency.



Pretty reasonable plan. I've also heard some discussion of us being able to basically "Opt out" of the Deangelo Williams deal like the Eagles can with Vick. Has there been anymore reporting on that, or is that something that Gannt or somebody just made up?

We are going into 2013 with a downgraded coaching staff and roster.

Thats all you really need to know. lol


It may not be as bad as you think. Beason won't sting so much if we cut him, thanks to Luke. We have some promising young guys who can step up in place of Gamble if we cut him. Ron Edwards can't be missed too much as he was always just a stop gap and only played 1 year.

Then pending where go in the draft and cheap vets we will have an upgrade at DT,WR,O-line depth and possibly FS(Whether thats Campbell improving and keeping the starting job or draft pick or better vet than Nakumara and Martin out there.)

As far as the coaching staff goes, I wanted Rivera gone as much as anyone but that ship has sailed and all we can do is hope that its starting to click for him in year 3. Also Shula is a wildcard but its not like Chud did us any favors with his horrid play calling last year.

Pretty reasonable plan. I've also heard some discussion of us being able to basically "Opt out" of the Deangelo Williams deal like the Eagles can with Vick. Has there been anymore reporting on that, or is that something that Gannt or somebody just made up?


In 2014 we can bow out of the D-will deal,save money and not carry over dead money into 2015.
Great post. Good job man.

Pretty sad state of affairs honestly.

Where are all those stupid "Hurney Magic" threads now?
Don't forget, $3.75 mil of Beason's 2013 salary is also guaranteed and will hit the cap, cut or not.

It may not be as bad as you think.



Man I hope not. Will enjoy being wrong.
So how much would we save this season if Beason is a June 1st cut?

Yeah, except for arguably the second most important and crucial coaching spot on the team. That has been downgraded a good deal. Winning!

Chud sucked. Shula sucks. Not exactly a downgrade.

Chud is Mike Shanahan. A bad OC who lucked into a freak QB....nothing more.

Chud sucked. Shula sucks. Not exactly a downgrade.

Chud is Mike Shanahan. A bad OC who lucked into a freak QB....nothing more.


Shanahan got Jake Plummer and Brian Griese to Pro-bowls. I think most people would consider him prettay, prettay, good. Hell, Chud won 10 games with Derek Anderson. Both those guys are pretty good if inconsistent sometimes.
So with a new GM in place, does it look like it'll only take a couple of offseasons to be rid of most of these horrible Hurney contracts? Seems like if we go with your suggestions, we'll be in decent cap shape by the time we need to pay Cam and Hardy. Does that seem accurate?

So how much would we save this season if Beason is a June 1st cut?


3.5 Million, apparently but it also puts dead money into 2014, which isn't ideal.

I still don't know why we paid Beason BEFORE that injury was worked out.


Because JR was hell bent on showing everybody that he wasn't cheap. That spending spree was caused by butt-hurt after constantly hearing how cheap he was in 2010 and during the lockout. He said as much in Spartanburg at training camp. He said, and I quote loosely, "they aren't callin' me cheap now." Well, we are paying for those bad decisions today.

Shanahan got Jake Plummer and Brian Griese to Pro-bowls. I think most people would consider him prettay, prettay, good. Hell, Chud won 10 games with Derek Anderson. Both those guys are pretty good if inconsistent sometimes.


Oops.

Kyle not Mike. I was talking about the son OC praised this year as a mad scientist. He sucks....just like Chud.

Oops.

Kyle not Mike. I was talking about the son OC praised this year as a mad scientist. He sucks....just like Chud.


Ah, alright. I thought you were calling Mike a chump which is pretty unfair because he's a lot of things: a jerk, a bully, the same color as Fanta, and possibly a communist.

But he's a pretty good offensive mind. I think Chud is pretty good, but understand the frustration.
Nice work P4L. Kudos :)