Kalil and Stewart Restructure

[TylerVagyler]

 

Brian McIntyre ‏@brian_mcintyre  14m

Panthers center Ryan Kalil did restructure his contract. $4.75M base salary reduced to $855k, remainder converted to signing bonus.

 

Brian McIntyre ‏@brian_mcintyre  13m

Kalil had a $10.4M cap number. New number is $7.284. Panthers save $3.116M in 2014 cap space.

 

Brian McIntyre ‏@brian_mcintyre  10m

Panthers RB Jonathan Stewart tweaked his deal, as well. $1.5M base reduced to $785k. Remainder ($715k) was added to his $6.785M option bonus

 

Brian McIntyre ‏@brian_mcintyre  9m

So Stewart gets $7.5M signing bonus, prorated over 5 years. Renegotiation lowers 2014 cap number by $911,250

 

 

I haven't seen this anywhere but it looks like Gettleman has been busy.

 

[SuperJTheGreat]

CUT STEW #2014

[PantherMan89]

Great news. Pie for posting

[Jackofalltrades]

I <3 Gettlemen and team players.

[cbully]

gotta feeling GH is staying!

[R0CKnR0LLA]

7.5 million signing bonus to Stewart

 

 

lol wut

[Rules&Regulations]

Does this affect our ability to cut Stew next year without a huge dead money hit?

[rainwater]

I <3 Gettlemen and team players.

 

Neither of those restructures resulted in the player getting less money.  It is funny how fans think the players giving up money in these situations.

[therealmjl]

Nice

[R0CKnR0LLA]

Does this affect our ability to cut Stew next year without a huge dead money hit?

 

adds more dead money

 

that's basically what restructuring does, frees up cap space the current year, adds bonus money (dead money if cut) to future years

[therealmjl]

GMan is putting in work.

[Jackofalltrades]

Neither of those restructures resulted in the player getting less money. It is funny how fans think the players giving up money in these situations.

I realize that but it still says something to me that guys would rework previously agreed upon contracts to help out, even if it benefits them directly.

[updownsigma]

Yeah not sure if a move that saves less than $1M in cap space this year and makes it harder to cut Stewart in the future is the right one...

[R0CKnR0LLA]

Neither of those restructures resulted in the player getting less money.  It is funny how fans think the players giving up money in these situations.

 

this, a restructure actually benefits the player in every way, there's literally zero downside for them

 

they get the same money but it's now guaranteed and paid upfront rather than over the course of a season. also increases the dead money hit if they're cut in the future so they have better leverage on future negotiations and a better chance to stick around for the life of the contract