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Charles Godfrey Takes Large PAYCUT

jamos14

By jamos14,
in Carolina Panthers

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jdpanther5 Newbie

jdpanther5

Posted
Posted

Restructure is not the same as an outright pay cut. Players do not lose money, they get more of it upfront.

No indication (yet) as to whether anything was converted into a signing bonus, we'll see though.

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bleys Newbie

bleys

Posted
Posted

That's how much he can earn back total, per game would be insane.

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came back to edit that after rereading..  yes, that would be insane.. ;)

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PantherBrew Newbie

PantherBrew

Posted
Posted

This looks like a pay cut.  

 

Godfrey had zero leverage in the deal.  Gettlemen isn't stupid.  

 

He basically is a veteran minimum free agent signing. 

 

Good move.  Better than just cutting him IMO.  

 

Could still end up a starter.  He was very much improved before he got hurt. 

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Doc Holiday Grand Master

Doc Holiday

Posted
Posted

Restructure is not the same as an outright pay cut. Players do not lose money, they get more of it upfront.

Godfrey, unlike most restructures was in a very weak position. he could have cut him and saved about the same, we pretty much told him, restructure or be cut.

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TheRed Newbie

TheRed

Posted
Posted

http://wp.me/p14QSB-9tsu

PFT says Paycut

The latest is safety Charles Godfrey. According to Field Yates of ESPN.com, Godfrey has taken a massive pay cut, dropping his base salary from $5 million to $750,000. He can still make $1.7 million of it back in per-game bonuses.

 

Well that changes everything. I'm certainly good with that. We've got enough money tied up in the future.

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TheRed Newbie

TheRed

Posted
Posted

Godfrey, unlike most restructures was in a very weak position. he could have cut him and saved about the same, we pretty much told him, restructure or be cut.

 

I did not realize it was a pay cut. First it was listed in the thread as a restructure.

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