Charles Godfrey Takes Large PAYCUT

[Mr. Scot]

Recent reports have us at about 1.6-1.7 million before the pay cut, and it will take about 4 million or so to pay our rookies.  So we needed to make a move somewhere to pay them.  This cut alone may pay for them, allowing us to keep our cushion.

 

Found it.  It was Person (link)

 

 

The NFL Players Association site lists the Panthers at $1.7 million below the salary cap. They won’t need much more cap space than that for their draft picks – one of the benefits of picking 28th in every round but the seventh.

Only the top 51 salaries count against the cap. And with what amounts to a slotted salary system for draft picks, it’s possible to project that only the Panthers’ first two or three picks will make enough to crack the top 51.

That said, the Panthers still need wiggle room to sign free agents. Rehabbing safety Charles Godfrey remains the most obvious candidate for a contract restructuring.

 

 

He's quoting the offseason cap rules.  There will be a point further down the road when all salaries count.

 

Jones wrote that we'd need 4-5 million, so one of them is wrong.

[chknwing]

my guess is, its going to take Godfrey awhile before hes 100%. Godfrey knows this, no team is going to sign him right now unless he can be on the field so he wanted to avoid being cut.

[The Huddler]

For those pissed that we still have Godfrey, wtf?

He played well at within Rivera's scheme, and now we are paying him peanuts. Where is your head

[panthers55]

Wouldn't he still be under contract with us, regardless of how he plays?

He is under contract but remember that the only thing that matters is guaranteed money and dead cap space. Cutting him this year would create 5 million in dead cap space which was almost as much as keeping him.  Cutting him next year would create only 3 million in dead cap space which might be doable since his cap goes up to 7 million if we keep him and don't restructure.

 

Godfrey knew that his contract was still in force and that if he shows he can ball that we will have to pay him his salary next year or cut him.  If he shows he can play he will be able to go elsewhere and make decent money. 

[Kakarot]

Hopefully, Godfrey balls out this year so he can earn that money back.

[Mr. Scot]

Voth confirms it's a pay cut (link)

 

 

Charles Godfrey had no leverage. The Panthers safety tore his Achilles in Week 2 last year, he was due a big base salary in 2014, and not many teams are in the market for a guy coming off a torn Achilles.

Godfrey’s only real option was to hope to return to pre-injury form after taking a large pay cut. That expected move officially went through Tuesday.

According to contract numbers on the NFLPA’s website, Godfrey’s 2014 base has been sliced from $5,000,000 to $750,000. And since nothing was added to the remaining two years of his deal, this appears to be a strict pay cut, not a kick-the-can-down-the-road restructure.

 

 

 

[The Huddler]

Hardball baby!!

Gotta love it! The Anti-Hurney

[SOJA]

very happy with this, despite the godfrey hate the guy is a solid player and can play both safety positions as well as nickel back. for 750 k hell yes

[pantherclaw]

Looking forward to Geoffrey playing behind out current front seven.

[PantherPhann89]

It's not a restructure.

Thanks 

[Hammerin'Cameron34]

No we didn't. We had 1.3 in cap space, now this deal puts us at 5.7

 

Interesting. If only we could get a long term deal done with Hardy.

[stirs]

Now we can sign guys cut in training camp or other teams June 1st cuts.

[BerryLoMein]

Payday for the Kraken incoming?!

[AceBoogie]

Great now we can sign...o yea