Panthers cut James Anderson

[therealmjl]

He would have to be a June 1 cut then.

Would a team be able to contact and negotiate with him now, if he was a June 1 cut?

[panther4life]

he was scheduled to make 2.9 mil according to this

http://profootballta...james-anderson/

That was his base salary. Also would have earned 100k as a workout bonus taking his salary to 3 million. Add in the prorated signing bonus of 1.4 million per year and the actual cap hit was 4.4 million.

The cost to cut him was 4.2 million in dead money. We can split it over 2 years or take it all at once.

[TheGreatestOfAllTimeCam]

Would be lying if I said I wouldn't miss the guy. Thanks for everything James. This sucks.

[therealmjl]

Gross or Williams is next. Something will happen.

Hope Gross restructures.

[Thorrez]

Is this just me?

$7M bonus means $1.4M a year.

3 years left on the contract:

2013 base salary: $2.9M

That would mean we actually lose $1.5M against 2013 years cap?

Even if the bonus is spread over 4 years it is a $600K loss?

What am I missing?

[CRA]

He would have to be a June 1 cut then.

Would a team be able to contact and negotiate with him now, if he was a June 1 cut?

Yes. June 1 is just a cap move for the cutting team.

[OneBadCat]

Called it

[CRA]

Gross or Williams is next. Something will happen.

Hope Gross restructures.

I would question Gettlemen's competence if he cut Gross....will as well if Williams is on the roster at his current rate

[CamJordan420]

This does not make LB a need, he was the 4th best LB on the team.

Makes me think we are targeting a free agent...

Revis? Jk

[IamSoClutch]

That was his base salary. Also would have earned 100k as a workout bonus taking his salary to 3 million. Add in the prorated signing bonus of 1.4 million per year and the actual cap hit was 4.4 million.

The cost to cut him was 4.2 million in dead money. We can split it over 2 years or take it all at once.

so again i ask how much cap room does it saves us. but arent you the guy who said we were 8mil under when we were only under 3. something when olsen and kalil resturctured???

[rscott94]

He's a solid player, he was just overpaid. I wish him the best of luck

[panther4life]

Is this just me?

$7M bonus means $1.4M a year.

3 years left on the contract:

2013 base salary: $2.9M

That would mean we actually lose $1.5M against 2013 years cap?

Even if the bonus is spread over 4 years it is a $600K loss?

What am I missing?

He did have 1.4 x 3 left cap hit wise in signing bonus money. Thats 4.2 million total.(this is now dead money)

He had a base salary of 2.9 million and a 100k workout bonus taking it to 3 million total in salary plus the 1.4 million in signing bonus allocation for a total of 4.4 million.

So as an immediate hit it saves us $200k (4.4. cap hit - 4.2 dead money) or as a June 1st cut we can split the 4.2 over 2 years. If split evenly thats a savings of 2.1 million this year and 2.1 million dead next year.

[panther4life]

so again i ask how much cap room does it saves us. but arent you the guy who said we were 8mil under when we were only under 3. something when olsen and kalil resturctured???

Never said that, and you don't have to take my word for it. Go read the cba or tweet Gantt or something.

[IamSoClutch]

Never said that, and you don't have to take my word for it. Go read the cba or tweet Gantt or something.

i believe you did but i could be mistaken. i was just looking for the quick answer. so long story short if he is designated as a june 1st cut we save 2mil in cap space after june 1st and 200k now. is this correct?