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Kalil Restructures: saves 2.2 mil

firstdayfan

By firstdayfan,
in Carolina Panthers

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Frank Hollywood Newbie

Frank Hollywood

Posted
Posted

If Person's numbers are correct, cutting Gamble would now get the Panthers under the cap (though not by much)

Making monetary sense of Panthers' moves

Not quite. Although Gamble has a cap hit of 10.9 mil, we'd only save about 9 mil by cutting him I believe. I could be wrong, but I believe he still gets his signing bonus as it is fully guaranteed.

We're nearly there though!

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Frank Hollywood Newbie

Frank Hollywood

Posted
Posted

Still a lot of space needed. still close to 7 million over cap and we also need a extra 12 million for free agency, rookie signings and some space during the season for injuries. Johnson needs to restructure.

I took a peek at Johnson's contract and it may be the ugliest of them all.

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

He has 32 mil guaranteed. His signing bonus and other bonuses equal 6.25 mil a year in 2013, 2014 and 2015. What's worse, his salary goes from 6.75, 8.75 and 9.75 respectively, whcih equals a 13, 15 and 16 mil cap hit. We can't threaten to cut him or else we take a 19 million cap hit. We obviously can't trade him (even though we need him, at least having these over his head is leverage) In fact, he wanted to leave to ATL, but the only reason he stayed was because of this fat paycheck.

In other words he's got us by the balls and will have no incentive to take a lesser cut.

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R0CKnR0LLA Experienced

R0CKnR0LLA

Posted
Posted

Am I reading this right? He cut his base salary by FOUR million and we give him a FIVE million signing bonus instead? If so, that's a terrible move. A base salary to signing bonus restructure designed to push cat hits into the future is beneficial to the player in EVERY way. There's absolutely no downside from their point of view. You shouldn't ever have to increase what they're being payed for them to accept that type of restructure.

I'm hoping this isn't being reported accurately. Base salary to signing bonus restructures are very simple and common in the NFL. It's probably the easiest and most straight forward type of restructure you can do. I sure as hell hope Gettleman can do those without getting hustled, he hasn't even gotten to the hard part of the job yet.

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2jakefansinva Newbie

2jakefansinva

Posted
Posted

Am I reading this right? He cut his base salary by FOUR million and we give him a FIVE million signing bonus instead? If so, that's a terrible move. A base salary to signing bonus restructure designed to push cat hits into the future is beneficial to the player in EVERY way. There's absolutely no downside from their point of view. You shouldn't ever have to increase what they're being payed for them to accept that type of restructure.

I'm hoping this isn't being reported accurately. Base salary to signing bonus restructures are very simple and common in the NFL. It's probably the easiest and most straight forward type of restructure you can do. I sure as hell hope Gettleman can do those without getting hustled, he hasn't even gotten to the hard part of the job yet.

also in order to do a "signing bonus" restructure........ JR must pay the $5 mil. immediately.

this little nugget (lack of cash onhand) prevents some teams from pulling this maneuver.

I also believe what fools some people is when the term "cap savings" is used.

the player might be helping the team with their cap number.....................

but he ain't giving up "cash" to do it. He just gets his money faster.

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