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We Have More Cap Space Than You Think

Carolina Crazy V2

By Carolina Crazy V2,
in Carolina Panthers

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Carolina Crazy V2 Newbie

Carolina Crazy V2

Posted
Posted

Financially, this has been a tough offseason for the Panthers. We've had our backs pressed against the salary cap and have watched some pretty alluring free agents sign elsewhere time after time. Fear not, however. Gettleman is setting us up to have a nice bit of cap room. 

 

Currently, the NFL Salary Cap is $133.0M. We have $6.0M in 2013 Cap Rollover and lost $0.3M in adjustments. 

 

This means our adjusted Salary Cap is $138.7M. For comparison's sake, New Orleans' adjusted Cap is $132.8M. 

 

We are currently carrying $17.8M in dead money—thanks Jon Beason ($8.0M), Jordan Gross ($5.6M), and James Anderson ($2.8M), but most importantly Marty Hurney. 

 

We are also carrying approximately $134.2M in salary among our top 51 contracts—what counts against the cap. I say approximately because I estimated DeCoud's cap hit based on his average salary. 

 

This all calculates out to $4.5M in Cap Space. If we cut Godfrey post-June 1 (looking more and more likely), we will have $9.6M in Cap Space. 

 

Resigning Hardy long-term would likely give us ~$12.5M in 2014 Cap Space. 

 

$12.5M in Cap Space sounds very nice right now. It would give us plenty of room to sign our rookies and begin looking forward to extending Cam. 

 

Cheers. 

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TANTRIC-NINJA Community Regular

TANTRIC-NINJA

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Although I do like the post and like the logic any Huddler posting about "Cap Space" is read with a giant block of salt..

In reference to cap space...we have professionals that are working on it!

When we drop the dead money from Beason, Gross, Anders we will be fine...then when its doable to drop the HB contracts its sweet extentions for Cam and Keuchley...and soon Star..but I think CJ's contract will either be gone or redone by then.

We will not have a lot of cap room after the extentions so expect similar free agencey results i the next 4-5 seasons.

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TANTRIC-NINJA Community Regular

TANTRIC-NINJA

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So we have basically enough to sign our draft picks at the moment. Good.

I am pretty sure there is a rookie alottment seperate from the Cap space. Bc of tiered salaries of where a team pick. Something like that. I would look but you have the internet as well.

Aww shucks here it is anyway...

http://overthecap.com/initial-nfl-rookie-pool-estimates/

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thunderraiden Veteran

thunderraiden

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It ruffles my jimmies every time I'm reminded we have to pay Gross so much to abandon us.

Umm we choose this scenerio. We voided his contract for relief last year. He would probably still be on the team if not for Gettleman voiding his contract. Not saying that as a criticism, just fact.

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