Beason trade saves 705k in cap room

[TruCatzFan]

Here's a site that breaks down his contract. I'll copy and paste the data but I doubt it will be user friendly so I'll include the link as well

CONTRACT:6 yr(s) / $52,929,554 SIGNING BONUS $20,000,000 AVERAGE SALARY $8,821,592 GUARANTEED:$20,000,000 FREE AGENT:2015 / Unrestricted

YEAR BASE S. BONUS MISC. CAP HIT DEAD

2011 1,040,000 4,600,000 - 5,640,000 20,000,000

2012 2,639,554 4,000,000 250,000 6,889,554 16,000,000

2013 1,000,000 4,000,000 1,187,500 6,187,500 13,250,000

2014 6,500,000 4,000,000 - 10,500,000 8,000,000

2015 7,500,000 4,000,000 - 11,500,000 -

2016 8,750,000 - - 8,750,000 -

2015 UFA

http://www.spotrac.com/nfl/carolina-panthers/jon-beason/

In summary it doesn't look like we save any money

[TruCatzFan]

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

Actually you're totally wrong about his restructure!

http://www.derp/2013/8/20/4640822/jon-beason-contract-void-carolina-panthers

Confusion mounted Tuesday morning as information emerged surrounding Jon Beason's restructured deal, which happened shortly before the Panthers joined for training camp in late-July. Now we have a better idea, as this season will likely be Beason's last in Carolina. His contract will be made void before the beginning of next season. Joel Corry was the first to report the details of the deal, which will go into effect in February of 2014.

The Panthers and Beason are two sides moving in opposite directions. Carolina have committed fully to Luke Kuechly being their future at middle linebacker, and while Beason will play on the weakside in 2013, it doesn't play to his strengths as a player. This allows him to move past the Panthers, and gamble that his performance this year will sell his ability on the open market.

I knew I wasn't trippin

[Marguide]

Actually you're totally wrong about his restructure!

http://www.derp/2013/8/20/4640822/jon-beason-contract-void-carolina-panthers

I knew I wasn't trippin

 

Just as an FYI, that site is not reliable at all when it comes to salary/contract info.

 

I remember when they had a front page article about how Hurney was such a genius because he heavily front-loaded CJ's contract. They even thought we had taken a $30 million-plus cap hit in year one because of his signing bonus. None of that was even remotely close to reality.

[TruCatzFan]

Just as an FYI, that site is not reliable at all when it comes to salary/contract info.

 

I remember when they had a front page article about how Hurney was such a genius because he heavily front-loaded CJ's contract. They even thought we had taken a $30 million-plus cap hit in year one because of his signing bonus. None of that was even remotely close to reality.

Oh I know, it James Dator's site. It pained me very very much to even link his garbage but I can't find it anywhere else.

(Which could mean its not legit) but I remember reading threads about this earlier this summer. People had the legit #s through the NFL contract site or what not

[Squirrel]

Actually you're totally wrong about his restructure!

http://www.derp/2013/8/20/4640822/jon-beason-contract-void-carolina-panthers

I knew I wasn't trippin

 

 

Only one guy reported that.  We still save 4 mil. his dead space money was supposed to be 8 mil.  we might have to eat his signing bonus.

[TruCatzFan]

Only one guy reported that.  We still save 4 mil. his dead space money was supposed to be 8 mil.  we might have to eat his signing bonus.

Rgr that. Tracking... Just weird

[FattyFatFat]

So what did we get for him?

Tickets to letterman.

[Frank Hollywood]

Remember he also had a game bonus. 1.75 mil he would get if he was active all 16 games. I'm guessing that's voided now.

[Panther53521]

Since you've obviously already looked at his details, can you fill me in on how much dead money we're talking about?

 

I'm guessing it has to be pretty substantial based on his old contract/signing bonus.

 

5,250,000 in dead money. restructuring the contract voided 8M of the dead money (If I am reading it right)

 

http://www.spotrac.com/nfl/carolina-panthers/jon-beason/

[Marguide]

Remember he also had a game bonus. 1.75 mil he would get if he was active all 16 games. I'm guessing that's voided now.

 

Bonuses like that don't always impact the cap until it actually happens. It depends on whether or not it was considered as "likely to be earned".

[Frank Hollywood]

Bonuses like that don't always impact the cap until it actually happens. It depends on whether or not it was considered as "likely to be earned".

Either way it's 1.75 mil we are off the hook for now.

[Delhommey]

I'm glad we've finally got a GM that does business with player moves, not personal favors.

[TyHillPanthers]

I guess it was a move that needed to be done, sad day but going to Goodwill this AM to donate my Beason jersey.

[fieryprophet]

I guess it was a move that needed to be done, sad day but going to Goodwill this AM to donate my Beason jersey.

Why would you get rid of his jersey?

Jesus, I don't understand some people. . .