Ian Thomas getting Restructure

[KillerKat]

Strike 1 for Morgan.

[TheSpecialJuan]

55 minutes ago, Evil Hurney said:

Yup. Guessing Ian chose the pay cut over finding out if anyone else would give him more than vet min in FA.

Exactly 

[TheSpecialJuan]

https://x.com/jason_otc/status/1766895220082287052?s=46&t=xeIgh_-Vr2aKxBkBJdfnKA
 

[Jackie Lee]

 

[RumHam]

Im going to write a check to my dumpster outside

[WhoKnows]

1 hour ago, mrcompletely11 said:

is he taking a cut or renegotiating the terms moving money to the back end? 

Who cares. This same thing was mentioned before. Oh, he’s taking a little less. That wasn’t true before because we paid him more new money that we could have saved.

Seeing this pisses me off. We gave him a big deal he didn’t deserve and because of restructuring we are giving him every cent when he deserved nothing and somehow it helped us ignore the strong TE draft class last year because we had Hurst, Thomas and Tremble, murderer’s row of NFL TEs.

Somewhere in New Orleans, Tampa and Atlanta, three DCs just updated their notes to not cover TEs when they play Carolina.

[WhoKnows]

24 minutes ago, Jackie Lee said:

 

Lol, this is why that dawg poo means nothing to me unless we actually start winning. Plenty of people ran with it in here but it’s no more than a slogan like the rest. Ian Thomas has never shown any type of toughness.

[45catfan]

34 minutes ago, TheSpecialJuan said:

https://x.com/jason_otc/status/1766895220082287052?s=46&t=xeIgh_-Vr2aKxBkBJdfnKA
 

If this is true, they took him all the way down to his base salary, no bonuses.

[WhoKnows]

1 minute ago, 45catfan said:

If this is true, they took him all the way down to his base salary, no bonuses.

And yet, we’d still pay him almost $2M for 2024.

[45catfan]

1 minute ago, WhoKnows said:

And yet, we’d still pay him almost $2M for 2024.

We'd take that amount in dead cap if we cut him. Call it a wash and with one less hole to fill.

[TheSpecialJuan]

3 minutes ago, 45catfan said:

We'd take that amount in dead cap if we cut him. Call it a wash and with one less hole to fill.

It’s a smart move people on here too dumb to realize it 

[WhoKnows]

7 minutes ago, 45catfan said:

We'd take that amount in dead cap if we cut him. Call it a wash and with one less hole to fill.

It’s not a wash. Dead cap is dead cap. It’s pro-rated bonuses that already happened but haven’t hit the cap. The salary is “new money”, which means we probably spread the dead cap into 2025. So instead of just eating the dead cap, we will end up using another $2M (probably more, there has to be another restructure bonus to spread the cap). Last time we did this, Ian got his $1.6M that “he lost/we saved” in a restructure bonus. He didn’t really lose anything last time, we just pushed more into 2023/2024. Now we are likely pushing to void years in 2025+.

We would have save more total last time by just cutting him but we would have had to put all the dead cap into 2023 and well, we did have a better roster than 2022 so better off signing Hurst with the cap we saved in 2023 because we are this close to contending.

Edited March 10 by WhoKnows

[panthers55]

5 minutes ago, WhoKnows said:

It’s not a wash. Dead cap is dead cap. It’s pro-rated bonuses that already happened but haven’t hit the cap. The salary is “new money”, which means we probably spread the dead cap into 2025. So instead of just eating the dead cap, we will end up using another $2M (probably more, there has to be another restructure bonus to spread the cap). Last time we did this, Ian got his $2.4M that “he lost/we saved” in a restructure bonus. He didn’t really lose anything last time, we just pushed more into 2023/2024. Now we are likely pushing to void years in 2025+.

Have you seen the terms. Until then why keep going with speculation. With a new GM and new cap manager, bringing up the past may not portend the furure. I read a pay cut but no mention yet of any signing bonus to kick money down the road. And this is all part of tagging Burns and still having cap room to acquire free agents. Plenty of time to bitch when the facts unfold.

[panthers55]

1 hour ago, KillerKat said:

Strike 1 for Morgan.

Actually so far it looks a successful protect the plate, make contact single over the middle with 2 strikes on him.