Charles Godfrey Takes Large PAYCUT

[TheRed]

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

 

Please edit the title then.

[jdpanther5]

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

No indication (yet) as to whether anything was converted into a signing bonus, we'll see though.

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[bleys]

That's how much he can earn back total, per game would be insane.

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came back to edit that after rereading..  yes, that would be insane.. ;)

[PantherBrew]

This looks like a pay cut.  

 

Godfrey had zero leverage in the deal.  Gettlemen isn't stupid.  

 

He basically is a veteran minimum free agent signing. 

 

Good move.  Better than just cutting him IMO.  

 

Could still end up a starter.  He was very much improved before he got hurt. 

[Doc Holiday]

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

Godfrey, unlike most restructures was in a very weak position. he could have cut him and saved about the same, we pretty much told him, restructure or be cut.

[jamos14]

Please edit the title then.

 

Done

[Jackofalltrades]

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.

I'm fine with it, he knows the D and can help bring along the others.

[Woodie]

 

Field Yates, ESPN NFL Insider reports:

 

 

 

Now, what do we do with the money? 

 

 

Pay our rookies.

 

[PantherWake]

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

 

Oh aight good cause we are gonna need that space to roll over next year to sign Cam.

[TheRed]

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.

 

Well that changes everything. I'm certainly good with that. We've got enough money tied up in the future.

[csx]

nm 

 

[TheRed]

Godfrey, unlike most restructures was in a very weak position. he could have cut him and saved about the same, we pretty much told him, restructure or be cut.

 

I did not realize it was a pay cut. First it was listed in the thread as a restructure.

[KendrickPanther]

I think this is a win win. Godfrey gets to come back and prove he can still play. His salary for 2015 appears to be unchanged so he feels like he can still earn that money.

 

I think this is great. They obviously think he can play. Hopefully they are right.

[TheRed]

It's more of a paycut if you read the details.

 

Read the post above. Thanks for the input.