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Top Candidates to restructure or extend their contracts.

panther4life

By panther4life,
in Carolina Panthers

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panther4life Community Regular

panther4life

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1. Thomas Davis- Scheduled cap for 2012, 11.9 Million.

No matter what we owe him 5.6 million guranteed. He got a 7 million dollar signing bonus and we have paid 1.4 of it so far. Theres an option bonus(not guranteed) of 8.25 Million that was in there as an incentive for him to come back strong last year. He obviously wont get that. So we can effectively re-structure his contract and save that 8.25 million. To be fair to him we could increase his base salary by a million next year and still save 7.25 million against the cap.

2.Jordan Gross- Schedule cap hit for 2012, 9.333 Million

May be a surprise to some but I am sure he will be glad to do so. Despite having the 2nd biggest contract (on paper anyway) on the team his guranteed money is very litte. Out of the 6 yr/60 million dollar contract he got, only 5 million was guranteed. If we cut him tomorrow (we won't) he would only be due 2.5 million from us. Far cry from the 26.399 million still not paid on his orginal contract. He has 3 years remaing on his contract and all we have to do is convert some of the paper money to guranteed money and spread it out over the course of the contract, effectively lowering his 2012 cap number. Lets say we took that 2.5 million guranteed we owe him and added another 12.5 million to it. Thats 15 million guranteed over the next 3 seasons and and say we gave him a base salary of 2 million in 12, 3.5 million in 13 and 4.5 million in 14. That would lower his 2012 cap number by close to 2.5 million and triple the amount of guranteed money from his orignal contract.

3.Chris Gamble-Scheduled cap hit for 2012, 9.75 Million

On Paper we still owe Gamble 32.55 million over the next three years with only 9 million of it guranteed. I would like to see a contract extension of some sort like we did in 08 with him to lower that cap figure, using the same methodology of converting more of his contract to guranteed money that can be prorated over the course of time.

4.Steve Smith- Scheduled cap hit for 2012, 8.196 Million

2012 is Smith's last year under contract. We only owe him 1.55 Million in guranteed money and the rest of that is just a base salary. I am sure he'd like to extend his contract here in Carolina so he can retire a panther. So once again more guranteed money and a longer contract and a lower cap hit for 2012. Win-Win for both sides.

5.Travelle Wharton-Scheduled cap hit for 2012, 7.7 Million

On paper we still owe Wharton 15.6 million over the final 2 years of his contract. Only 4 milllion of that is guranteed. You should understand the theme by now.

6.Geoff Hangartner- Scheduled cap hit for 2012 3.550 Million

His base salary is 2.8 million next year. (The final of his contract) and 750,000 of it us guranteed. We can extend him and lower that cap figure.

When looking over everybody under contract I see no reason to cut anybody for monetary purposes only if they are wasting a roster sport.

This is just a rough guess on my part but I think we could save 20 million by adjusting those contracts. That would allow us to keep our key free agents and sign our draft picks. Then maybe 1 mid level splash in free agency.

All salary information was derived from this website http://www.spotrac.com/nfl/carolina-panthers/cap-hit/

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Montsta Community Regular

Montsta

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I never can understand how cap hits work. I thought last year Pat Y had something written about TD's contract that basically said if he plays well, he'll get paid well, if he's hurt and can't go, he'll get nothing moving forward. I guess I read it wrong?

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ed bell Newbie

ed bell

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Thomas Davis should be let go...period.
Maybe a contract will be presented that opens the Panthers up to little or no risk if he can't cut it during our off-season....oh well, time will tell. I'm going to accept whatever direction they take on this. I'll trust Rivera here.
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Nicbsbll2 Newbie

Nicbsbll2

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Any reason those guys would agree to smaller pay checks?

Marty saying to TD- "Thomas, here's this contract that pays you far less than what your current deal pays. If you don't sign it, we cut you and the offer is off the table. Oh yeah, it's also likely no one else in the league is going to sign a player that is coming off of his 3rd straight ACL tear."

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panther4life Community Regular

panther4life

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I never can understand how cap hits work. I thought last year Pat Y had something written about TD's contract that basically said if he plays well, he'll get paid well, if he's hurt and can't go, he'll get nothing moving forward. I guess I read it wrong?

If you read the post I laid it out clearly for you. When a player signs a contract they get a portion "guranteed". Heres an example I you were a player and signed a 5 year 50 million contract and got 5 million of it "guranteed". The team would likely spread your guranteed money out over the course of the contract, In this case that would average out to 1 million per year. The rest would be considered "base salary" divided over the 5 years. so lets say you got 1 million guranteed every year and 9 million in base salary every year. If the team cuts you after year 1, they owe you 4 million no matter what.(the amount of guranteed money they agreed to). The rest they are off the hook for because its not guranteed.

The "guranteed" money is better known as the "signing bonus".

edit: In Thomas Davis' contract he was also given an "option bonus" 8.25 million to be exact. This money would be due in march and we would be more likely to pay it if he was healthy and playing like an all pro last year. Since he was not healthy, theres no reason for us to pay the "option bonus" which would be due all at once against the cap when we could just cut him and only pay him his remaining signing bonus aka "guranteed money" 5.6 million. If we picked up the option we would owe him the option, plus the remainder of his guranteed money and the base salary for every year we keep him.

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panther4life Community Regular

panther4life

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Any reason those guys would agree to smaller pay checks?

Again guranteed money or signing bonus money is all we owe them if we cut them. They are agreeing to more " guranteed"money if we convert any portion of their base salary to "guranteed" money also known as a signing bonus. So on paper they may agree to less money but in reality they are securing more money because if its not "guranteed" it might as well be monpoly money

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