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Lucas still gonna get paid...


rayzor

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The Panthers’ release of Ken Lucas proves once again that a team’s treasure can soon turn into its trash. Lucas was one of the lucky few who hit the jackpot each year, receiving a top-of-the-market deal from the Panthers for $37M over six years, with an $8.4M bonus, in 2005. Lucas’s contract was then restructured for Cap purposes in every subsequent season – 2006, 2007 and 2008 – in order to lower his Cap number for that season (while raising it for future seasons). Now the Panthers have once again addressed Lucas’ contract, this time by terminating it (they tried to trade Lucas, but he refused to report to the one team that was interested, the Lions). Because of the stacked proration on his bonus, Lucas now exits the Panthers but leaves them with a Cap charge of $8.33M while he either plays for another team or not at all. …
linky

before you start screaming that hurney is a moron....this kind of thing happens with every team who cuts a player before their contract expires. we still were able to save some money by cutting him but we aren't free and clear from having to pay him anything.

who else we owe money to that isn't a panther anymore?

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I don't think he's a moron for that, or in general but the fact that they just kept restructuring a deal every year isn't the greatest either especially as they did that with Pep and Jake multiple times as well and it's put them in a tad bit of a quandary (though with Pep it doesn't seem that it could have been avoided).

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you're right. not sure that pep's deal could have been prevented on our part. hurney did everything responsibly that he could have done regarding that.

no way would i want the job as a capologist. too easy to back load everything and stretch it out. sooner or later it's going to catch up with you.

i would like to look at the contracts the players have, though....just to see what kind of deals got worked out so we know when the big bucks are going to be happening.

where can you find that kind of info? you'd probably have to go back a few years to get a clear picture.

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Shoot...bona fide 100% accurate info? Not sure. If you go to the USA today add'y here, you can see last few years though not the upcoming one (This is sorted by Panthers as a team, click the year and you get the individual):

http://content.usatoday.com/sports/football/nfl/salaries/teamresults.aspx?team=8

You can sort by position, team etc. Someone else may have a better link. P55 seems to be pretty sharp on the cap #s from what I recall..maybe he does.

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ha.

top 5 highest payrolls for 2008:

  Oakland Raiders  	$ 152,389,371                                          

  Dallas Cowboys 	$ 146,401,600                                         

  Minnesota Vikings 	$ 133,354,045                                         

  Cleveland Browns 	$ 131,916,300                                         

  New Orleans Saints 	$ 131,531,820
bottom 5:
  Green Bay Packers  	$ 94,018,300                                          

  Indianapolis Colts 	$ 93,373,915                                         

  New England Patriots 	$ 92,734,120                                         

  Baltimore Ravens 	$ 90,713,965                                         

  Kansas City Chiefs 	$ 83,623,776 

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