Beason trade saves 705k in cap room

[Snake]

I really wish nicks was in this trade.

[TheRed]

I can't believe this really happened. I glanced at that thread and thought it was just a baseless rumor.

 

I'm shocked. Actually kind of pissed. I know it had to happen sooner or later though. Ohwell...

[TruCatzFan]

glad I didn't buy his jersey a couple years ago!

I already have a Black one. When they go on sale tomorrow ill be sure t get me a nice Teal one to go with my collection!

[4Corners]

I already have a Black one. When they go on sale tomorrow ill be sure t get me a nice Teal one to go with my collection!

 

I'll be at the Rams game in a couple weeks. Beason jerseys on sale like a mofo I bet, Send me some $$ and your address I'll get you one. No BS. 

[TruCatzFan]

I'll be at the Rams game in a couple weeks. Beason jerseys on sale like a mofo I bet, Send me some $$ and your address I'll get you one. No BS.

Nah, I'll go the safe route and order them online where I know they are official.

Thanks though

[pantherclaw]

I'd absolutely love to get a Beason jersey.

Still.

I'll check with my guy tomorrow.

[DaveThePanther2008]

Good Luck Jon,   You were a class act here and I am sad to see you go.

 

Now hopefully Gettleman will use that pick and pull a gem.

[pantherclaw]

According to the observer, the savings is $1.5 million.

[panthers90]

Where does it say that? (Unless it's in the Joe Person "article" which I chose not to read)

[Squirrel]

Saves a lot more than that.

 He is going to make $6.5 million next year.  Very Nice trade Gettleman

 

 

 

 2014: $6.5 million, 2015: $7.5 million, 2016: $8.75 million, 2017: Free Agent

[TruCatzFan]

Saves a lot more than that.

 He is going to make $6.5 million next year.  Very Nice trade Gettleman

 

 

 

 2014: $6.5 million, 2015: $7.5 million, 2016: $8.75 million, 2017: Free Agent

I believe that you are wrong. They re-structured him and it voided the rest of the contract. He was supposed to be FA after this year

[Squirrel]

I believe that you are wrong. They re-structured him and it voided the rest of the contract. He was supposed to be FA after this year

 

You're right I am wrong his cap hit would have been 10.75 in 2014.  Which makes the trade even better!

 

http://espn.go.com/blog/nfcsouth/post/_/id/49313/details-on-jon-beasons-restructured-deal

 

Details on Jon Beason's restructured deal

July, 26, 2013

Jul 26

4:25

PM ET

By Pat Yasinskas | ESPN.com

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Beason

I just got a glance at the details of the contract Carolina Panthers linebacker Jon Beason restructured earlier this week.

It’s pretty simple. Beason took a significant pay cut and didn’t recoup any of it with up front money.

Under the new deal, Beason’s base salary for this year dropped from $5.25 million to $1 million, which is fully guaranteed. That drops Beason’s cap figure for this year from $9.5 million to $6.1 million. Beason can recoup $1.75 million if he is active for all 16 games.

The rest of Beason’s contract, which runs through 2016, remained untouched. That means there’s a good chance Beason will have to restructure again next year because his 2014 cap figure is $10.75 million.

The Panthers now are $12.8 million under this year’s cap.

[Squirrel]

Base salary is 6.5 but his signing bonus is prorated so he is due 4.0 million also next season. 

[Marguide]

Base salary is 6.5 but his signing bonus is prorated so he is due 4.0 million also next season. 

 

First of all, the base salary is not guaranteed. Second, his prorated bonus charges still hit us. He's already been paid that money and it is just an accounting figure right now. Unfortunately, it is a figure we can't just make go away by trading or cutting him.