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Gross restructured

YoungPanthers89

By YoungPanthers89,
in Carolina Panthers

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TheRumGone Grand Master

TheRumGone

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If the contract is voidable by the player and the player chooses to do so, what do the rules say about the cap hit in the player-voided year? Any?

Just from the term "player-voided" it seems that there wouldn't be any cap hit. If the employee voids a contract of the employer, it appears there wouldn't be any money going to the employee, hence no cap hit. I could be totally wrong though.

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rayzor Grand Master

rayzor

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Happy he's done this now, but why not several weeks ago? Could have picked up Sean Smith, Michael Huff, or another decent FAs. This was the one year FA contracts weren't completely out of hand at the positions we needed, now most are gone.

probably because this doesn't actually work out in his favor and it took a lot more work to make it happen.

the important thing is that it got worked out and we probably wouldn't have picked up those guys anyway.

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panther4life Community Regular

panther4life

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And then there's this from Yas The Carolina Panthers have restructured the contract of left tackle Jordan Gross and given the veteran left tackle a three-year contract extension.

"According to numbers obtained by ESPN.com, Gross’s contract, which had been set to expire after the 2014 season, now runs through 2017. Gross was given a $4.5 million signing bonus to make up for a cut from $8.7 million to $1 million in base salary this year.

The restructure drops Gross’ salary-cap figure for this year from $11.7 million to $4.9 million.

The new deal also drops Gross’ 2014 cap figure from $10.7 million to $5.9 million.

In each year from 2014 through 2017, Gross will earn $1 million in base salary and he’s scheduled to receive a $2 million roster bonus in 2014. His cap figure is $1.9 million for each of the final three years of the deal.

Gross always has been known as a team player. This deal only enhances that reputation as Gross is helping the Panthers get out of cap trouble now and in the future."

http://espn.go.com/blog/nfcsouth

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rayzor Grand Master

rayzor

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Though his base salary goes to $1 million for 2013, Gross will still receive a salary of $5.5 million, according to former player agent Joel Corry. Gross is the second-longest tenured Panther in the locker room and holds the franchise record for most career starts with the team (151).

The Panthers were between $1 to $2 million under the cap before Gross took his cut. The move takes Gross' cap figure for 2013 from $11.7 million to $4 million and gives the Panthers nearly $7 million more in cap room.

http://blogs.charlotte.com/panthers/2013/03/jordan-gross-restructures-deal-to-help-panthers-with-cap-space.html?utm_source=dlvr.it&utm_medium=twitter

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soo we now have $7mil in cap room?

looks like we're not done in FA after all. OL and maybe DT coming up.

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