Panthers about to pick up $10.8 million in cap savings

[TheSpecialJuan]

Luke Kuechly announced his retirement back in January and has been charged at $15.51 million against the Panthers cap. His dead money would have been $11.84 million had his retirement immediately been processed but instead he will count for $4.71 million in 2020 and $7.13 million in 2021. The $10.8 million in savings will give the cap strapped Panthers the room they need this year moving them from around to $3.3 million in cap room to $13.5 million in cap room in 2020

https://overthecap.com/teams-set-to-pick-up-cap-space-on-june-2/

[PantherMan89]

I’m no cap expert but why not take the full hit now? Or do we need this to sign rookies? Just as insurance should we need to sign someone down the road?

[jfra78]

Making room for Clowney?

[panther4life]

25 minutes ago, PantherMan89 said:

I’m no cap expert but why not take the full hit now? Or do we need this to sign rookies? Just as insurance should we need to sign someone down the road?

Just better to have on hand if you can. Anything we don’t use, rolls into next year anyway.

[TheSpecialJuan]

[ClawOn]

I'll spare you the suspense. This isn't news to the front office. 

I know... crazy talk. But maybe, just maybe, there's a plan for the first time in years?

[RASTAN66]

The Firm, doing work.

[PantherPhann89]

5 hours ago, jfra78 said:

Making room for Clowney?

Lol, that won't happen. He'll want that and then some, and then more...

[PantherOnTheProwl1523]

4 hours ago, TheSpecialJuan said:

[Stingray3030]

11 hours ago, jfra78 said:

Making room for Clowney?

Lazy, injury-prone, over-rated - all adds up to overpaid!  No thanks!

[joemac]

11 hours ago, jfra78 said:

Making room for Clowney?

You really want to pay a guy 20+ million a year for around 3 sacks a season?

[45catfan]

12 hours ago, TheSpecialJuan said:

Luke Kuechly announced his retirement back in January and has been charged at $15.51 million against the Panthers cap. His dead money would have been $11.84 million had his retirement immediately been processed but instead he will count for $4.71 million in 2020 and $7.13 million in 2021. The $10.8 million in savings will give the cap strapped Panthers the room they need this year moving them from around to $3.3 million in cap room to $13.5 million in cap room in 2020

https://overthecap.com/teams-set-to-pick-up-cap-space-on-june-2/

So this goes back to another thread, it looks like Luke was willing to hold off processing the paperwork until today.  This is good, he will forever be a Panther.  That is unless crazy Brett Favre scenario comes up and I don't see Luke doing that.

[45catfan]

Luke's retirement paperwork probably has been sitting on Hurney's desk since January (obviously with Luke's permission) considering the cap implications.  

[joemac]

I thought it was understood that Lukes retirement would be a post-June 1 thing from the get go?  For this very reason - to save on the cap?