Big Money restructures

[Captain Morgan]

Joe Person ‏@josephperson  2m

#Panthers restructure Charles Johnson's contract, clear $5.2 million in cap space. http://www.charlotteobserver.com/2014/09/07/5157945/carolina-panthers-restructure.html#.VA2UFxYedBM …

[toldozer]

Bye bye Greg. Here's hoping hardy has 30 sacks this season

[0115]

what does this mean?

[PantherWake]

Cam money

[Montie_0123]

I did not see this coming but I'm happy he's doing this.

Sent from my iPhone using CarolinaHuddle

[2jakefansinva]

weird actually having a GM..........doing his job

[PandaPancake]

Joe Person ‏@josephperson 2m

#Panthers restructure Charles Johnson's contract, clear $5.2 million in cap space. http://www.charlotteobserver.com/2014/09/07/5157945/carolina-panthers-restructure.html#.VA2UFxYedBM …

Much like Person you're 12 hours late with this posting that happened last night

[the_philosopher]

what does this mean?

 

I don't claim to really understand salary cap stuff, but here goes: I think you can rollover unused salary cap space from one season to the next. So that would mean we now get an extra $5.2 million over the standard cap to spend next year on Cam's contract.

[stirs]

We were already under the cap, so people are right to smell a rat.

 

Hardy come down to the offer we made him?

Cam getting his extension?

OT trade in the works?

 

something seems to be up

[lindseyj14]

I don't claim to really understand salary cap stuff, but here goes: I think you can rollover unused salary cap space from one season to the next. So that would mean we now get an extra $5.2 million over the standard cap to spend next year on Cam's contract.

Cam is under contract next season for around $14mil (5th year option). When he gets an extension it will start in 2016, not next year.

[MadHatter]

Cam is under contract next season for around $14mil (5th year option). When he gets an extension it will start in 2016, not next year.

 

Not necessarily....depends on how the contract extension is written.

 

It can replace the current contract...thus starting immediately.

 

Or, it can be written to begin next year (after the 5th year option).

 

I have seen them both ways.

[lindseyj14]

Much like Person you're 12 hours late with this posting that happened last night

Wrong again, as usual.

Joe Person is the one who broke this story last night via the Charlotte Observer.

[PantherHomer]

I do have a basic understanding of this.  Without getting super complicated it goes like this.  He gets salary and bonus/guaranteed money.  Salary money only happens if he is on the roster.  Bonus/guaranteed happens no matter what.  They converted some of next years money into guaranteed money spread out over the remainder of his contract.  That drops CJ's cap # down next year.  

[PantherHomer]

Here are the details.

http://www.spotrac.com/nfl/carolina-panthers/