We Have More Cap Space Than You Think

[Carolina Crazy V2]

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. 

[TANTRIC-NINJA]

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.

[rodeo]

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

[Ivan The Awesome]

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

[TANTRIC-NINJA]

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/

[El Chingon]

Good stuff.

[R0CKnR0LLA]

NFLPA has us at $2,657,046

 

https://nflplayers.com/reports/RunPublicReport.aspx?report=top51

[thunderraiden]

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.

[CRA]

We still need to add to starters just to get us back "even" to where we were last year.....so our cap situation really isn't good.

We are still down starters at several spots vs last year

[Carolina Crazy V2]

NFLPA has us at $2,657,046

 

https://nflplayers.com/reports/RunPublicReport.aspx?report=top51

 

I would never rely on their info. 

[KillerKat]

Somebody also informed me that if we cut DWill after June 1st that saves us another 2 mil this year.

[CRA]

Somebody also informed me that if we cut DWill after June 1st that saves us another 2 mil this year.

Godfrey and Williams IMO go as June 1.

[KillerKat]

Godfrey and Williams IMO go as June 1.

So we can have up to 14.5 mil after June 1st. Sweet.

[PantherFeez]

Godfrey and Williams IMO go as June 1.

 

We already cut Smitty as a June 1. Limit is 2 June 1st designations per year