Charles Johnson restructures contract -saves $4.26 Million (old thread bumped)

[CollegePanther]

I sense a trade.

[Squirrel]

I sense a contract extension for either Hardy or Cam.

[Jase]

well, this seals it.  We're bringing brett favre back for a 1 yr, $18 million deal.

[R0CKnR0LLA]

CJ's contract is retarded, they really should force him to take a straight paycut and not only this year but get his cap hit manageable for the entire length of the contract so that we can actually keep him here long term.

 

This move doesn't do any of that. He's not taking a paycut. He's making the exact same amount of money. And actually now he has MORE guaranteed money, we are making his future cap hits even bigger while also making the dead money cap hit if we cut him even larger.

 

All in all, it's either a neutral move or a bad one, considering on how things plays out. There's no scenario where this is a positive move.

[Montsta]

I have to ask..If you're still a few seasons away, what are you going to do about Cam?

If he's not the answer and it's time to move on, do you draft his replacement or look to FA.

Conversely, if he plays well and hits FA, Carolina will have to over-pay (ala Johnson) to keep him away from teams like the Raiders and Dolphins.

I'm sorry, this isn't looking good for the Panthers faithful

To keep him away from the Raiders? Gtfo with that poo.

[Frank Hollywood]

So we save 4 mil and only add 1 mil to cap next year?

 

Good.

 

We need every penny we can get at this point. I'd like to see Hardy extended to a friendly cap hit in 2014 and 2015 and we will have enough money to bring in a quality FA or two.

[CPcavedweller]

Those are two completely conflicting statements.

You have no idea. Put Davis at Safety pull Klein in. That your idea?

[TheRed]

With this much cap space, there have to be some kind of moves pending.

[Firefox]

So we save 4 mil and only add 1 mil to cap next year?

 

"converting his remaining base salary into a prorated bonus"

[CatMan72]

Maybe clearing space to take on a contract as part of a trade for a DB? 

[PantherWake]

I hope this means we are gettin Nicks next offseason along with a competent coach.

[stirs]

The hindsight faux outrage in here is amazing.  You guys didn't know CJ was overpaid?  Good grief.  Same as DWill, heard of that contract? Anyway.

 

 

Look for a CB or OL who has a pretty high cap number to come here in a trade, hopefully for Beason.  (first part serious, second part wishful thinking)

[Jrock88]

i feel like we have too much dead cap and are going to be in rebuild mode for the next few years... but then again , im feeling very sad right now

[Frank Hollywood]

"converting his remaining base salary into a prorated bonus"

 

I took a look at the details. It looks like we save over 4.2 mil this year, then add on 1.4 mil in 2014 and 1.4 mil in 2015.

 

It LOOKS like we spread some of it around yet still save money overall. 

 

CJ probably wins by ensuring he's here at least one more year. (2014 has him at 16mil cap hit or we release him for a 16mil hit, thus little advantage to releasing him)