Charles Godfrey Takes Large PAYCUT

[t96]

Is this a restructure or a pay cut? Looks like a straight pay cut to me. If so, then that is fuging awesome,.

[Black]

Just in time for free agency!

 

 

Oh...

[jdpanther5]

This reads more like a paycut, I suppose the other option was the door.

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[jamos14]

Doesn't this just hurt us even more in the future? 

 

 

I don't see how, he took a LOT less money. No sign of it being turned into a bonus or pushed back later.

[TheRed]

Just kicking the can down the road.

[jptaylor84]

Great work Gettleman! Hurney would have given him a pay rise if he was stil in town

[Beast_3000]

Field Yates, ESPN NFL Insider reports:

Panthers S Charles Godfrey had his contract reworked, per source: base salary goes from $5M to $750k. He can earn $1.7M back in per game ...

... roster bonuses. Deal creates over $4M in cap space for Panthers right now. Sensible move for team in need of cap flexibility.

Great move by G-man.

Now, what do we do with the money?

Knowing Gettleman we will save this money for mid season pickups and cap carry over for next year. I still think we may bring Travelle back too for close to vet minimum.

[Mr. Scot]

Godfrey is one I'd rather have just seen cut after June 1st.

 

Granted, we need cash, but this isn't my favorite choice to generate it.

[TheRed]

I don't see how, he took a LOT less money. No sign of it being turned into a bonus or pushed back later.

 

Restructure is not the same as an outright pay cut. Players do not lose money, they get more of it upfront.

[*FreeFua*]

http://wp.me/p14QSB-9tsu

PFT says Paycut

The latest is safety Charles Godfrey. According to Field Yates of ESPN.com, Godfrey has taken a massive pay cut, dropping his base salary from $5 million to $750,000. He can still make $1.7 million of it back in per-game bonuses.

[jamos14]

Restructure is not the same as an outright pay cut. Players do not lose money, they get more of it upfront.

 

From the details we have,a paycut is exactly what it is.

[Doc Holiday]

Godfrey got told, restructure or be cut, and that's one of the few rare times a player actually takes a pay cut. 

[4Corners]

One of those take the deal or get cut things I bet.

 

Yeah I would have loved to be a fly on the wall for this convo. Good move from Gettleman. We can take safety off our early board. 

[Jackofalltrades]

Thank you!