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Jordan Gross restructured

Mar 27 2013 11:14 AM YoungPanthers89 Carolina Panthers
@SteveReedAP
BREAKING: Panthers OT Jordan Gross has agreed to a restructured contract. Base salary reduced from $8.7M to $1M in '13, $6.7M to $1M in '14.



@SteveReedAP4m
I'm not sure at this point if years were added on to the contract, but that would make sense. Hope to know more soon.


That'll help.

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:: before


nah. much more important stuff to do.


Yeah, but this is a good start
Gross is a standup guy but this wasn't a favor he was doing for us. It was a business decision that was best for him and the team.

Gross took a paycut because he wants to stay with the Panthers and would not get more money on the open market. It's that simple.

I too am very happy with Gettleman and how he's handled the Cap and player decisions.
Lets sign a couple veterans now, branch and an OG then BPA in the draft!!!!!
With all this savings we should have enough money to build a statue of him.........The plaque would read The Ultimate Team Player .
It's funny how some people were worried about the cap because of the Gettleman hire. And he's proved to be a genius compared to Hurney (who was considered a cap guy).
Basically he saved us somewhere between 3-7 million in cap space. Likely closer to 3 I think.

He signed an extension that can be voided by the player next year, the deal had a 4.5 mill bonus.

We prorated that bonus over the 4 years like so

This year 3.5
2014 500k
2015 500k
2016 0

So his salary cap "hit" this year went from 10 million to 4.5.

Or something like that :D

Lets sign a couple veterans now, branch and an OG then BPA in the draft!!!!!

BPA or a swing for the fences type pick.

all this predraft work gettleman has been doing is opening up all kinds of doors.
Game on...we're getting roughly 7 million in cap space.....lets go shopping.
Oh, screw it.

YES! Hooray for Saint Jordan Gross. He's the ultimte team player who not only deserveds a statue but will probably use what little money we forced him to take to feed starving children. (I heard he wanted to play for free but Jerry wouldn't allow it.)

To recap the Jordan Gross deal. He's working under what is basically a 1-yr, $5.5M deal. Saves money under cap, but will be FA next year.


https://twitter.com/SteveReedAP/status/316970799229718529
This is probably Gross' last year in the league, hopefully we'll make it a good one.
glad it turned out to be be 7mil. if we dont use Dwill as a june 1st cut we should:

1.5mil 1year-NT
1.5mil 1year-RG
4mil-Draft
If Yasinskas has it right, it's 6.8 million off this year's cap and 4.8 million off next year.

Almost 12 million saved in one fell swoop.

https://twitter.com/...970799229718529
This is probably Gross' last year in the league, hopefully we'll make it a good one.


LOL. Gettleman is the master of the one year deal.
So which is it? A 3 year contract extension or a reworked 1 year deal? Because if it's just a one year deal it doesn't make sense that he would restructure or even help the team out at all. Then it doesn't make sense from the Panther side because it hurts them more next year then if he would've stayed on his original contract.


Where before cutting him next year would've saved the team around 8 million with a very small cap hit, now he doesn't really save the team anything at all next year and the team has a cap hit close to 6 million.
There are moves in the works then. Kinda interested in seeing where this goes.
This is insanely awesome, if i'm comprehending what has been said on this page.

If Yasinskas has it right, it's 6.8 million off this year's cap and 4.8 million off next year.

Almost 12 million saved in one fell swoop.




I hate to say it, but Yas almost has to be right. Otherwise it's a questionable move for the Panthers.
Fans wonder why players hold out. NFL contracts offer little security unless money is guaranteed.
So many numbers being thrown around...I wonder if this causes any outstanding bonuses pre-extension to be amortized over the new contract length.

Yas seems to think otherwise, the 4.9 cap hit he listed comes from the now $1 million base + $1 million signing bonus from previous deal + $2 million option bonus from previous deal + $0.9 million amortized from signing bonus on new deal.

If my math is right...Gross' earnings this season drop from $8.7 million to $5.5 million, certainly commendable. All the while creating $6.8 million (11.7-4.9) in cap space this year.
Very nice of Mr. Gross.. but it's all about that Gettlemagic. We're already so much better off than we were last year it's crazy. Can't say I miss Hurney.

We should be talking to Beason and Williams next.


much harder to do with those two...

Can't just throw guaranteed money at them to fix things....
What a great feeling to have at least a competent GM.

It's funny how some people were worried about the cap because of the Gettleman hire. And he's proved to be a genius compared to Hurney (who was considered a cap guy).


in fairness....restructuring Gross and cutting Gamble are the type no brainers that Pat Y and Person could figure out.

So many numbers being thrown around...I wonder if this causes any outstanding bonuses pre-extension to be amortized over the new contract length.

Yas seems to think otherwise, the 4.9 cap hit he listed comes from the now $1 million base + $1 million signing bonus from previous deal + $2 million option bonus from previous deal + $0.9 million amortized from signing bonus on new deal.

If my math is right...Gross' earnings this season drop from $8.7 million to $5.5 million, certainly commendable. All the while creating $6.8 million (11.7-4.9) in cap space this year.


and leaves us without a LT in 2014. I would assume this is Gross' way of saying one more year and I'm done.
so with this 7 million is that counting the 4 million or so we get June 1st from Anderson?

is this 6.8mil for this year or both years combined?

Joel Corry@corryjoel 2m
@CMFeed Three voidable years ('15-'17) were added so Gross' $4.5M signing bonus counts $900k on the cap each year.