We Have More Cap Space Than You Think

[Thorrez]

Hardy isn't going to get his contract frontloaded. It makes no financial sense. We'll give him guaranteed money, but with the cap rising to the projected levels, his contract will be backloaded and I'd bet on that.

Also, I'm not sure if you realized this, but giving him a frontloaded contract won't make it easier for us to dump him later on. In fact, it would penalize us more so.

By giving him his bulk salary years early, we are going to leave ourselves with little cap carryover, which will deplete our future salary in an equivalent manner to just pushing off his bulk salary until then. If we backload his contract, at least we could cut him and still save a solid bit of unguaranteed money, whereas in the case of a frontloaded contract, that unguaranteed money would already have been spent and still be counting against our cap.

Hardy sits on a $13.7M contact. In one year he will make $16.4M or be free to sign anywhere.

Why would he agree to a deal without a huge signing bonus? What make financial sense for the panthers are not his problem.

It is your proposal to get his cap figure this year to $1M that pushes money forward and creates problems. Not the fact that a contact is front or back loaded.

Plus the only way to do what you propose and have less dead money if he is cut after three years than the $8M a $20M signing bonus would be to pay him $15.5M guaranteed in year two and three. If we want no dead money after the years it is $19.5M.

We can take that $13M hit this year, so it makes no sense not to do so.

The real problem is that I am not so sure Hardy thinks even $12M per year is enough...

[Carolina Crazy V2]

Hardy sits on a $13.7M contact. In one year he will make $16.4M or be free to sign anywhere.

Why would he agree to a deal without a huge signing bonus? What make financial sense for the panthers are not his problem.

It is your proposal to get his cap figure this year to $1M that pushes money forward and creates problems. Not the fact that a contact is front or back loaded.

Plus the only way to do what you propose and have less dead money if he is cut after three years than the $8M a $20M signing bonus would be to pay him $15.5M guaranteed in year two and three. If we want no dead money after the years it is $19.5M.

We can take that $13M hit this year, so it makes no sense not to do so.

The real problem is that I am not so sure Hardy thinks even $12M per year is enough...

 

You don't seem to have understood my post; maybe you should reread it. 

 

 

I'm aware that he will get a huge signing bonus—where did I say we wouldn't give him one?

 

I also didn't expect him to be compensated much less than $10M in his first year; not sure where you got $1M, although I could guess that you're exaggerating to make a point.

 

And a frontloaded contract WOULD create problems, despite your insistence. It would kill our current cap and restrict us in the low-Cap years when we could push that money towards the future, when the Cap will rise substantially and give us breathing room. 

 

I'm also unsure why you're so focused on limiting dead money when we cut him. If we sign him long term and cut him, we are in deep $#*% regardless, so let's expect that he's on the roster throughout the length of his contract. 

[KillerKat]

Yayy let's argue about stuff we're not sure about