Greg Hardy advance

[DaCityKats]

 

The Panthers have agreed to pay RE Greg Hardy a $1.3 million salary advance in order to get him to participate in the offseason program.

Hardy will get paid weekly throughout the offseason under the minor contract restructuring. The $1.3 million represents roughly ten percent of his $13.116 million base salary for 2014 under the franchise tag. The Panthers and Hardy have until July 15 to reach a long-term deal.

 

i wonder what this says about contract talks.

[bigskypanthersguy]

i wonder what this says about contract talks.

 

If it doesn't look like they can get something done, I really hope they trade him for the best offer they can get. 

[CashNewton22]

Probably that they're ongoing?

[Peppers90 NC]

I dont think Hardy will accept a contract less than CJ's for the mere fact I'm sure he believes in his mind he is better than him, or at least just as good.  I would be more surprised to see a deal reached than i would a trade.  Only way I can see him accepting it is if he tests FA next year, and doesnt get offered as much, but not until then.  Would love to be wrong btw.

[mc52beast]

All I can say is with all his talk and the money he's being paid, he better have one monster of a year... I'm talking about leading the league in sacks.

[Moose87Banks]

He'll be fine you guys are reading too much into this.

[panthers55]

Offseason workouts are not mandatory and there have been football players who are hurt while participating.  So I can understand that he might not want to do them without some payment.  He knows that come the Fall he will be getting almost 1 million a game and his pay under his old contract was not that great compared to what he is getting now.  I don't think it means that things are not working out or that Hardy is being a butt.  The fact they worked things out could be good news.

[CelibatePimp]

With all the big money people are getting in the league, Greg will want to get the maximum he can get. I doubt he stays next season.

[Argus Plexus]

Just insurance in case a deal or trade cant be made.

[panthers55]

We can give him a CJ contract as long as we don't guarantee most of it.  I remember when Haynesworth got a 100 million contract and in the end only received 40 million of it.

[El Chingon]

When Panthers defensive end Greg Hardypounced on his one-year, $13.1 million franchise tender, he left open the possibility of staying away from voluntary offseason workouts for leverage in talks toward a long-term deal.

He won’t be staying away, and the Panthers have given him $1.3 million reasons to show up.

Per a league source, the Panthers and Hardy have agreed to formula pursuant to which Hardy can earn an advance of $1.3 million by showing up for the full offseason program.  Hardy will get paid by the week throughout the offseason program.

Absent such an arrangement, Hardy wouldn’t have gotten any of his $13.1 million until September.  So he can make roughly 10 percent of his 2014 salary now, simply by doing that which he already had an incentive to do — prepare to have a monster season in advance of hitting the market.  (Unless, of course, the Panthers choose to tag him again in 2015, at $15.72 million.)

For a guy who completed a slotted sixth-round contract, $1.3 million matches the most he has made in any of his four NFL seasons.

It’s technically a restructuring of Hardy’s contract.  A second restructuring will be permitted only if the cap number goes down or stays the same, which won’t be an issued if/when a long-term deal is negotiated.  Typically, franchise players see their cap numbers drop when a long-term deal is signed, thanks to the proration of signing bonus money.

Hardy and the Panthers have until July 15 to strike a long-term contract.  Otherwise, he will play in 2014 under the one-year franchise tender.

The deal makes plenty of sense.  The Panthers will have him present for the offseason program, Hardy will be preparing for the season, he’ll get a nice chunk of money now in order to do so, and he’s ultimately protected against any injury that could happen in the offseason because his full $13.1 million salary is guaranteed.

http://profootballtalk.nbcsports.com/2014/04/28/greg-hardy-will-get-up-to-1-3-million-advance-for-participating-in-offseason-program/

[CarolinaNCSU]

If Hardy balls out this year, CJ gets cut and Hardy takes on a CJ level contract if he's willing to stay. It's going to suck losing Big Money (if it happens), but there's too much cap savings there to pay both of them. Give me the younger guy. 

[4Corners]

We can give him a CJ contract as long as we don't guarantee most of it.  I remember when Haynesworth got a 100 million contract and in the end only received 40 million of it.

 

How much of that $40 million do you think Fat Albert has left? #purpledrank

[neverlosethefeeling]

If we were going to attempt to trade Hardy then why would we be advancing his salary? WIth no advance, if a trade succeeds at some point later in the off-season then his next team would be responsible for his full contract. But if we're paying him 1.3 now, that money wouldn't be reimbursed to us or credited to our cap if he's traded, right? That 1.3 million would, in essence, be dead money. So, all that is to say that Hardy's either playing this year under the tag or we'll reach a long term deal. A trade now doesn't make a lot of sense to me.