Updated cap space 3-10

[panther4life]

Before any outside free agent Cap hit's come into play (Kalil for example) we have $25,904,012 in cap space.Even with some very fancy accounting his 2017 cap hit is likely to be around 9-10 million. For reference Luke signed a a 5 year 61 million dollar deal with 34 million guaranteed. His first year cap hit was 12.7 million on a fairly similar deal. 

So after his cap hit that should leave us roughly 16-18 million left. Ignoring the rookie class for now, thats all we have left to play with. We can always sign Short long term, extend Ryan Kalil, cut Dickson,Stewart, or Gano to free up more room if necessary as well.

Thats actually plenty of money to sign just about whoever else we would like that still remains in free agency.

Links used for this information:

 https://www.nflpa.com/public-salary-cap-report

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

http://overthecap.com/salary-cap/carolina-panthers/

Right now the NFLPA has our current cap space at $25,904,012

This includes 70 players under contract. The same amount listed on the panthers.com roster. The panthers have not added Kalil,Shepard or any other UFA signed yet.

So this is before any outside free agent signing's cap hits. So bad news is from that $25,904,012 we will have to deduct Kalil, Shepard or any other outside free agent we may sign.

For accounting purpose's the NFL only counts the top 51 contract's. We have a handful of players who are scheduled to make $540,000. So every time we sign someone to a higher amount we shed $540,000 from one of those players. 

Example, if we sign a player to a deal where their cap hit will be 1 million, the net effect on our cap space will be the 1 million - $540,000 no longer counting against us for a net cap hit of $460,000 for accounting purposes only.

Our rookie class is scheduled to have cap hit's totaling 7.777 Million assuming we don't move around. However the 4th rounders and below would fall below the threshold of having a top 51 cap hit. This means the rookie class will only cost us a net of about 4.9 Million total. 

Quick recap: After Kalil deal, cap space should be around 16-18 Million. Rookie class eventually will count 4.9 Million against us as well. Don't get caught up in that yet as there is still plenty of ways to free up more than enough to pay them. 

 

 

 

 

 

[Shocker]

Thanks for the stats dog!

[X-Clown on 1]

Don't forget DG like to keep $6 to $8 mil in reserves for injury related FA signings.  So essentially we don't have a ton to work with.

[PhillyB]

nice work.

[top dawg]

Nice accounting! 

[KDawg004]

Not to mention if Peppers and Captain accept the deals we offered them. And I'm still holding out hope for a signing at SS. So we're going to be tight.

[Ja Rhule]

7 minutes ago, X-Clown on 1 said:

Don't forget DG like to keep $6 to $8 mil in reserves for injury related FA signings.  So essentially we don't have a ton to work with.

I always find this kind of assumptions funny.  We can restructure just 3 players and have over $50M in cap space if we wanted too.

[Captain Morgan]

I think Getty prefers to keep 4 or 5 million for emergencies, but I could be wrong.

[Fox007]

Yea i'd be stunned if Dickson remains on the team...

Id find a new cheaper kicker too.

[X-Clown on 1]

12 minutes ago, ARSEN said:

I always find this kind of assumptions funny.  We can restructure just 3 players and have over $50M in cap space if we wanted too.

You can't just wave a magic wand and restructure contracts and poof, here's more money.  Both sides have to agree to the restructuring, and usually it involves converting salary into a signing bonus spread out over the contract, and it almost always involves back loading contracts.  This is why Hurney killed us for years -- he had to keep creating cap space by mortgaging our future.  DG's ability to control the cap is by far my favorite attribute of his.

[carpanfan96]

Could also cut Andy Lee and save nearly 4m in space. Extend Star and save 4-5 m in space. Same with Ryan Kalil. Cut Stewart and Dickson and save quite a bit more as well. 

[Ja Rhule]

2 minutes ago, X-Clown on 1 said:

You can't just wave a magic wand and restructure contracts and poof, here's more money.  Both sides have to agree to the restructuring, and usually it involves converting salary into a signing bonus spread out over the contract, and it almost always involves back loading contracts.  This is why Hurney killed us for years -- he had to keep creating cap space by mortgaging our future.  DG's ability to control the cap is by far my favorite attribute of his.

What kind of an idiot would say no to more guaranteed money?  We have only handful of players on big payrolls.  Very easy to manage plus both highest earners Cam and Luke can always be resign to new deals.

[panther4life]

45 minutes ago, stbugs said:

FYI, depending on draft/FA, we could easily get another $16M in cap space with no restructuring, just cuts.

You nailed it. I know you don't need the education but for other huddlers who like to learn, here is the formula. 

Go here http://www.spotrac.com/nfl/carolina-panthers/cap/

Take the 17 cap hit and subtract the dead money listed to the left of it. That gives you your savings for the 17 year. If you want to maximize savings you can take half the dead money and roll it into 18 if you designate as post june 1st. 

Down sides to Post June 1st destinations. Cant receive the benefit of any of the savings until after June 1st and your mortgaging next years cap. However this washes out anyway since you can roll over any unused cap into the next year.

If you are still confused about what dead money is, it's the remaining portion of "guaranteed money" that has not already been counted against the cap. 

For example: Let's say player x signs for 5 years, 50 million with a 20 million dollar signing bonus. The player gets that 20 milliion in cash up front. But instead of making teams take that hit up front they NFL allows you to spread it over (up to) 5 years. So that signing bonus would count 4 million against the cap for 5 years. If the player is cut after year 2 thats 4 million X 3 years unaccounted for that would be dead money. In this case 3 X 4 million is 12 million. As june 1st cut you can split the dead money over 2 years. As a regular cut you ear the 12 million all at once. 

So for any player, you can take any unallocated against the cap, guaranteed money and subtract from their current cap hit. This will tell you if a player is worth cutting for the savings. In some instances the dead money is much higher than the current cap hit, making it worthless to cut the player that year. See Jonathan Stewart's contract every year before this one lol.

I'll start on some of the players who we would stand the most to gain by cutting them. 

Heres what I have Post June 1st cuts.

Stewart. 6.5 Million, requires rolling 1.75 in dead money in to 2018 cap as well.

Oher 4 Million, requires rolling 1.5 in dead money into 2018 as well.

Gano 3.475 , requires rolling 375k in dead money into 2018 as well.

Dickson 2.38 Million, requires rolling 333k in dead money into 18 as well.

Maximum savings by cutting these guys = 16.355 Million but we roll 3.958 in dead money into 2018.

If we take the hit all at once with no dead money in 18 we can save

4.75 on Stewart

2.5 on Oher

3.1 on Gano

2.05 on Dickson.

Maximum savings of 12.4 with no dead money in 2018.

However Oher is tricky. Until he clears concussion protocol and passes a physical we can not cut him outright. We can reach an injury settlement with him but that would diminish our savings. The injury settlement would be the number of weeks expected before he can return healthy times a per game check. This would then be dead money if an agreement is reached on top of the 3 million we already would have to incur from unaccounted for guaranteed money.

 

[DaveThePanther2008]

54 minutes ago, panther4life said:

Before any outside free agent Cap hit's come into play (Kalil for example) we have $25,904,012 in cap space.Even with some very fancy accounting his 2017 cap hit is likely to be around 9-10 million. For reference Luke signed a a 5 year 61 million dollar deal with 34 million guaranteed. His first year cap hit was 12.7 million on a fairly similar deal. 

So after his cap hit that should leave us roughly 16-18 million left. Ignoring the rookie class for now, thats all we have left to play with. We can always sign Short long term, extend Ryan Kalil, cut Dickson,Stewart, or Gano to free up more room if necessary as well.

Thats actually plenty of money to sign just about whoever else we would like that still remains in free agency.

Links used for this information:

 https://www.nflpa.com/public-salary-cap-report

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

http://overthecap.com/salary-cap/carolina-panthers/

Right now the NFLPA has our current cap space at $25,904,012

This includes 70 players under contract. The same amount listed on the panthers.com roster. The panthers have not added Kalil,Shepard or any other UFA signed yet.

So this is before any outside free agent signing's cap hits. So bad news is from that $25,904,012 we will have to deduct Kalil, Shepard or any other outside free agent we may sign.

For accounting purpose's the NFL only counts the top 51 contract's. We have a handful of players who are scheduled to make $540,000. So every time we sign someone to a higher amount we shed $540,000 from one of those players. 

Example, if we sign a player to a deal where their cap hit will be 1 million, the net effect on our cap space will be the 1 million - $540,000 no longer counting against us for a net cap hit of $460,000 for accounting purposes only.

Our rookie class is scheduled to have cap hit's totaling 7.777 Million assuming we don't move around. However the 4th rounders and below would fall below the threshold of having a top 51 cap hit. This means the rookie class will only cost us a net of about 4.9 Million total. 

Quick recap: After Kalil deal, cap space should be around 16-18 Million. Rookie class eventually will count 4.9 Million against us as well. Don't get caught up in that yet as there is still plenty of ways to free up more than enough to pay them. 

 

 

 

 

 

So appreciative that we have guys like you that keep track of this stuff.  Especially the way they manipulate these deals.