Panthers cut James Anderson

That was his base salary. Also would have earned 100k as a workout bonus taking his salary to 3 million. Add in the prorated signing bonus of 1.4 million per year and the actual cap hit was 4.4 million.

The cost to cut him was 4.2 million in dead money. We can split it over 2 years or take it all at once.

so again i ask how much cap room does it saves us. but arent you the guy who said we were 8mil under when we were only under 3. something when olsen and kalil resturctured???

He's a solid player, he was just overpaid. I wish him the best of luck

Is this just me?

$7M bonus means $1.4M a year.
3 years left on the contract:
2013 base salary: $2.9M

That would mean we actually lose $1.5M against 2013 years cap?

Even if the bonus is spread over 4 years it is a $600K loss?

What am I missing?

He did have 1.4 x 3 left cap hit wise in signing bonus money. Thats 4.2 million total.(this is now dead money)

He had a base salary of 2.9 million and a 100k workout bonus taking it to 3 million total in salary plus the 1.4 million in signing bonus allocation for a total of 4.4 million.

So as an immediate hit it saves us $200k (4.4. cap hit - 4.2 dead money) or as a June 1st cut we can split the 4.2 over 2 years. If split evenly thats a savings of 2.1 million this year and 2.1 million dead next year.

so again i ask how much cap room does it saves us. but arent you the guy who said we were 8mil under when we were only under 3. something when olsen and kalil resturctured???

Never said that, and you don't have to take my word for it. Go read the cba or tweet Gantt or something.

Never said that, and you don't have to take my word for it. Go read the cba or tweet Gantt or something.

i believe you did but i could be mistaken. i was just looking for the quick answer. so long story short if he is designated as a june 1st cut we save 2mil in cap space after june 1st and 200k now. is this correct?

hahahah....right again....told yall that panthers needed to draft a olb......lol i might be an insider.......

they needed to get better at that position with emergence of tight ends(tonyg and jimmyg) that can catch. also they sucked vs the run badly.

olb have to be able to run and cover.

they need to get younger at the position.

Person says (tweets) that Anderson found out this morning when he was told to come in for a physical.

He did have 1.4 x 3 left cap hit wise in signing bonus money. Thats 4.2 million total.(this is now dead money)

He had a base salary of 2.9 million and a 100k workout bonus taking it to 3 million total in salary plus the 1.4 million in signing bonus allocation for a total of 4.4 million.

So as an immediate hit it saves us $200k (4.4. cap hit - 4.2 dead money) or as a June 1st cut we can split the 4.2 over 2 years. If split evenly thats a savings of 2.1 million this year and 2.1 million dead next year.

True, I forgot to include the bonuses on this years salary. Than it makes a lot more sense.

Thanks.

i believe you did but i could be mistaken. i was just looking for the quick answer. so long story short if he is designated as a june 1st cut we save 2mil in cap space after june 1st and 200k now. is this correct?

Yes and Yas just put it up on his nfcsouth espn blog as well too. Same exact thing I said if you want an official source.

Person says (tweets) that Anderson found out this morning when he was told to come in for a physical.

i wonder what else happened this morning

Someone now needs to step up their Google Hangout game with the fans in a BIG way.

i got to be honest though...i would have took him over senn though.....

Next order of business:

"Hello, Garry Williams? this is Dave Gettlemen..."
"Hello Jeff Hangartner? Dave Gettlemen here...."

So now do we go young and draft in the 4th, 5th or do we go after a veteran like Spikes, Harrison or even bring back Connor?

I bet he isn't a June 1 cut and this is just more of Gettleman fixing the "mess".

I bet he isn't a June 1 cut and this is just more of Gettleman fixing the "mess".

Agreed. I think he's decided to just take his lumps this year. He isn't tied to Rivera and if releasing a bunch of guys will cripple our cap this year, but set it up for the future, what does he care?

So why the heck wouldn't we make him a June 1 cut if there is no cap savings for cutting him now?

I can understand it, take the lumps now and start fresh going forward. I like that we don't pay premiums for mediocrity anymore.

Next order of business:

"Hello, Garry Williams? this is Dave Gettlemen..."
"Hello Jeff Hangartner? Dave Gettlemen here...."

Was just going to start a thread on this. Technically I think the next move will be announcing a Gross restructure then cutting 1 or both of those guys.

They are the last 2 logical cuts that could be made. I only forsee one going. Do we keep Hangman who can play guard and center or Williams who can play guard and tackle?

My money says Hangman goes and Willliams stays.

Davis appears to be recovered, and I for one think Beasons injury's this season were overplayed as an excuse to put him on IR because he wasn't 100% from the Achilles yet.

I hope so. But this move do make me guess if Gettleman and Rivera knows a bit more to Beason's health. Wonder if Beason is doing well in his rehab.

So why the heck wouldn't we make him a June 1 cut if there is no cap savings for cutting him now?

I thought you could designate a limited number of early cuts as June 1st cuts. Is there something to suggest they did not do this?

I thought you could designate a limited number of early cuts as June 1st cuts. Is there something to suggest they did not do this?

Ah hopefully so.

So why the heck wouldn't we make him a June 1 cut if there is no cap savings for cutting him now?

We need the cap next year with Hardy etc so no need to have 2 plus mil in dead money next year.

Damn. I'm surprised.

I can understand it, take the lumps now and start fresh going forward. I like that we don't pay premiums for mediocrity anymore.

Exactly.

Either way this is a solid move.