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TylerVagyler

Per Person: Panthers are restructuring multiple contracts

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If you understand contracts and cap figures better than I do, correct my logic.  I got this from Rotoworld:

 

SMITTY--

4/10/2012: Signed a four-year, $37.75 million contract. The deal contains $16.8 million guaranteed, including a $10 million signing bonus and each of Smith's first three base salaries. 2014: $4 million (+ $3 million option bonus), 2015: $7 million, 2016: $9 million (Option Year), 2017: Free Agent

 

My assumptions:  Cutting him now means we don't pay the bonus and he would cost us about $6 million in dead money each of the next 2 years---if a June 1 cut.  I am assuming that he was paid $4 million of the guaranteed money in 2013, leaving about $12+ left.

 

If I am correct, cutting him costs us $6 million each of the next 2 years and keeping him costs us $7 million over the next 2 years, since 2016 is an option year.  I do not see the value in cutting him if my logic is accurate.

 

I do not see where we have much wiggle room or negotiating power.

 

 

 

 

 

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Steve's production vs. Cap number does not look good for the Panthers. On the other hand when playoff time rolled around Steve was ready. Steve was dominant on a bum leg. Steve Smith's playoff numbers make Hall Of Famers hang their head in shame. We need him in the building. We need him in this City.

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Steve's production vs. Cap number does not look good for the Panthers. On the other hand when playoff time rolled around Steve was ready. Steve was dominant on a bum leg. Steve Smith's playoff numbers make Hall Of Famers hang their head in shame. We need him in the building. We need him in this City.

 

No, it really doesn't look good.

Gettlemen is going to make the tough decisions without emotions.  I would love to see Smitty move inside.

 

I read somewhere that Smitty's percentage of plays has been declining each year over the last three or so.  As good as he is for us, it was embarrassing how bad we were without him.

 

WR is going to be interesting this year.   I expect a TE and a WR in the draft, a free agent in March.  Throw in McNutt and King, and I think Gettlemen will feel that we have upgraded.

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If you understand contracts and cap figures better than I do, correct my logic. I got this from Rotoworld:

SMITTY--

4/10/2012: Signed a four-year, $37.75 million contract. The deal contains $16.8 million guaranteed, including a $10 million signing bonus and each of Smith's first three base salaries. 2014: $4 million (+ $3 million option bonus), 2015: $7 million, 2016: $9 million (Option Year), 2017: Free Agent

My assumptions: Cutting him now means we don't pay the bonus and he would cost us about $6 million in dead money each of the next 2 years---if a June 1 cut. I am assuming that he was paid $4 million of the guaranteed money in 2013, leaving about $12+ left.

If I am correct, cutting him costs us $6 million each of the next 2 years and keeping him costs us $7 million over the next 2 years, since 2016 is an option year. I do not see the value in cutting him if my logic is accurate.

I do not see where we have much wiggle room or negotiating power.

One he hasn't gotten the guaranteed salary, it's still paid the same way as regular salary except he gets the money even if he's cut.

The option bonus and option season are tied together. If the Panthers give him the bonus then he gets the 2016 season. If he doesn't get the option, the he has a non exercise fee of 3 million.

If he gets the fee then the 2016 year is voided and his cap hit goes up 500k in the next two seasons.

Cutting him saves 1 million this season, 4-6 million next season and 10 million in 2016.

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One he hasn't gotten the guaranteed salary, it's still paid the same way as regular salary except he gets the money even if he's cut.

The option bonus and option season are tied together. If the Panthers give him the bonus then he gets the 2016 season. If he doesn't get the option, the he has a non exercise fee of 3 million.

If he gets the fee then the 2016 year is voided and his cap hit goes up 500k in the next two seasons.

Cutting him saves 1 million this season, 4-6 million next season and 10 million in 2016.

 

THANK YOU>

I have to think that Gettlemen gives SS an ultimatum.  I don't think SS is going to give up that much.  Wow. 

 

The good news?  Cutting Smitty could save Hardy and make signing Cam easier.  It is smart, but hard to imagine.

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Smitty been thinking about retirement for the past 2 years anyway... if he's cut (exactly what he wants) he will retire a Panther.  Smitty does not want to get a pay cut, if he is cut, he got steady income for next 2 years.  Think about what Gamble did.

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The good news? Cutting Smitty could save Hardy

Yes guys, let's cut Steve Smith so we can sign Greg Hardy, lol.

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Yes guys, let's cut Steve Smith so we can sign Greg Hardy, lol.

How about cut him if he doesn't agree to the offered pay cut????? Not because it helps but just because the team needs him to play ball and if he isn't willing it's the only option.

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How about cut him because he doesn't agree to the offered pay cut????? Not because it helps but just because the team needs him to play ball and if isn't willing it's the only option

Please link me to the confirmed source that says he refused to take a pay cut.

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Please link me to the confirmed source that says he refused to take a pay cut.

 

Never said he had, I said if he wasn't willing to play ball.   IF being the key word in the sentence. 

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Never said he had, I said if he wasn't willing to play ball. IF being the key word in the sentence.

There's been nothing so far to remotely indicate anything of the sort.

How about we wait, and see before saying ridiculous things?

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There's been nothing so far to remotely indicate anything of the sort.

How about we wait, and see before saying ridiculous things?

 

It's not ridiculous. The fact that some have such a hard time believing it is the ridiculous part of this. It's common sense by looking at his contract that the Panther's don't want anything to do with his option bonus or the non-exercise fee. 

 

Rivera has already said that his role is going to be diminished, so he clearly isn't worth his contract over the next three seasons. So Paycut or Cut. Football common sense dictates that he takes a pay cut or is no longer a Panther. 

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I've already accepted Hardy is not coming back. We have holes to fill on our team. We need to build a complete team before we even think about signing Hardy back.

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