Shaq Thompson - RESTRUCTURED Contract**

[electricbluecats]

In a rising cap environment it always makes sense to defer cap hits as much as possible so the $$$ takes up a lower % of the cap, it makes the deals cheaper. The catch is you have to make the base salary money guaranteed so you're sacrificing the ability to easily cut/trade a player in return for cap flexibility. A restructure doesn't mean the contract was bad or there's some mistake being correct. All big money contracts are signed knowing you will eventually restructure if you want to keep the player or cut before you hit the large cap hits on the back end on the deal.

Restructuring is perfectly fine as long as you're selective. Shaq is one of the only players that 100% be on the roster this year and won't be cut or traded, so it makes sense. Where you get into trouble is the mess with Paradis last year where he clearly should have been cut but now we're incurring a large cap charge because they thought it was really worth hanging on to him last year and decided to restructure.

[Toomers]

7 minutes ago, SetfreexX said:

I don't think people realize how much cap space we have since we're not paying 25, 30, 35M + for a QB, and if we add a rookie this draft or next, moving ''SOME'' money to 23, and 24 is NOT going to hurt anything.

Shaq’s 5M puts it at 31M. 
 

Take off 3M for Thomas’ first year

5-6M for draft class

3M or more for practice squad

1.5M for 52-53rd players. 
 

  Now it’s back to about 18M. Anyone that goes on IR has to be replaced Need some room to operate during season. For a team with the worst QB situation in the NFL. As well as OL. So how much help is that going to bring when every team with more assets wants these players as well. And how many will want to come play for a lame duck HC that mortgaging the teams future. That’s where the team is at right now. 

[BurnNChinn]

14 minutes ago, SetfreexX said:

I don't think people realize how much cap space we have since we're not paying 25, 30, 35M + for a QB, and if we add a rookie this draft or next, moving ''SOME'' money to 23, and 24 is NOT going to hurt anything.

We was suppose to have apt this year and that’s not the case. It changes when they make dumb moves especially on qbs like they did last two years.

[45catfan]

3 minutes ago, SetfreexX said:

My guy, those are voidable years, we did the same for Reddick -- https://www.spotrac.com/nfl/carolina-panthers/matt-paradis-14618/

So bringing up Paradis in this light doesn't really serve your comment very well.

That is not a restructure -- it's ''fake money'' years to spread out a signing bonus. It's why they are referred to as ''voidable''.

A voidable year is an ‘extra’ year on the length of the contract that the team and the player intend to void. In other words, it is a “dummy” year on the contract that the player will never play or get paid for, and it exists for the sole purpose of lowering the annual cap hit, especially in the first year of the contract.

 

Are you sure voidable years do not affect dead cap?  I get it spreads out signing bonuses to create cap space, but also impacts dead cap during those voided years, no?

[BurnNChinn]

10 minutes ago, 45catfan said:

Per Spotrac: Converted $10.08M of 2022 base salary into signing bonus, clearing $5.04M of cap space with Carolina (CAR)

 

5.04 M lol people think something going to happen with that.

[Pejorative Miscreant]

25 minutes ago, Jon Snow said:

Thankfully it doesn't work like that.  But I'm with you on it not making any sense. I suspect they are pushing the cap hits down the road for some unknown reason. Whatever it is will probably not work out. 

But the post was highly entertaining nonetheless 

[Toomers]

8 minutes ago, SetfreexX said:

My guy, those are voidable years, we did the same for Reddick -- https://www.spotrac.com/nfl/carolina-panthers/matt-paradis-14618/

So bringing up Paradis in this light doesn't really serve your comment very well.

That is not a restructure -- it's ''fake money'' years to spread out a signing bonus. It's why they are referred to as ''voidable''.

A voidable year is an ‘extra’ year on the length of the contract that the team and the player intend to void. In other words, it is a “dummy” year on the contract that the player will never play or get paid for, and it exists for the sole purpose of lowering the annual cap hit, especially in the first year of the contract.

 

That’s because they already paid him that money long ago. The restructuring of Paradis caused them to have to use voidable years to fit him in last year. That’s why he has a cap hit THIS year while not playing here. 

[Toomers]

3 minutes ago, 45catfan said:

Are you sure voidable years do not affect dead cap?  I get it spreads out signing bonuses to create cap space, but also impacts dead cap during those voided years, no?

It’s the same thing. The minute the player is no longer under contract with the team, the full amount hits. Even OTC includes it in dead cap totals now. 

[Carl Spackler]

24 minutes ago, Smithers said:

There’s plenty of good FA OL on the market this year.  Now is the time to grab them.  

The good ones will sign with good teams. The substandard backups chasing a check will Elflein their way here.

[Panthercougar68]

10 minutes ago, BurnNChinn said:

5.04 M lol people think something going to happen with that.

Puts us either 11th or 10th in current cap space…but you do you.

[onmyown]

16 minutes ago, Panthercougar68 said:

It’s like people think the Panthers are gonna just roll over like 2010 John Fox  

Thing is - they are either way.

The difference is, this way cripples the future.

It’s just really hard for fans to envision losing Gilmore, possibly Jackson, and Reddick, seeing Rhule evaluate FA olineman wasting more money on Irv/Elf type signings, starting center is gone (though he wasn’t great, have a single top 100 pick and then marching down to the field with Darnold or Tribuski or a rookie and pulling out a winning season.

I mean it’s a sign when worthwhile players and coach don’t want to come here. 

You’re basically asking Rhule to do much much better with an even worse team than he already had.

It’s not hard to see why fans don’t really thinks that’s possibly or being realistic, and so to fug up the future Hurney style to do it is a bit confusing.

But you’re totally right. Rhule and Tep have fought tooth and nail to avoid a proper, inevitable rebuild and it’s baffeling.

[Hoenheim]

 

[firefox1234]

36 minutes ago, Chad_Cota said:

There is a lot to dislike about this panthers regime, but you can't tell me they are not willing to try. 

They definitely have quite a lot to show for it….

[joemac]

28 minutes ago, SetfreexX said:

My guy, those are voidable years, we did the same for Reddick -- https://www.spotrac.com/nfl/carolina-panthers/matt-paradis-14618/

So bringing up Paradis in this light doesn't really serve your comment very well.

That is not a restructure -- it's ''fake money'' years to spread out a signing bonus. It's why they are referred to as ''voidable''.

A voidable year is an ‘extra’ year on the length of the contract that the team and the player intend to void. In other words, it is a “dummy” year on the contract that the player will never play or get paid for, and it exists for the sole purpose of lowering the annual cap hit, especially in the first year of the contract.

 

Don’t these years end up creating dead cap though? Or is that not how it works?