T - minus

[CanadianCat]

2 days for the Franchise tag to be signed deadline (June 15).

From what i hear its either pep signs long term or we get that 17 mill cap hit all year.

This is kind of a bid deal - no pun intended

Correct me if im wrong.

[nosuchthingasapanther]

huh?

carolina got hit with the $17m the second they tagged him.

[Vegas Heel]

^ I think the point of the OP was that if he signs a long term deal that it would significantly reduce the $17M hit...thus freeing up cap space for a possible FA signing.

[Pejorative Miscreant]

huh?

carolina got hit with the $17m the second they tagged him.

You are 100% correct. I believe he is referring to the 7/15 deadline of restructuring franchise tag signees. If we don't restructure Peppers by Wednesday (long term deal) we can not restructure for 09 and we are stuck with the big hit.

[CanadianCat]

You are 100% correct. I believe he is referring to the 7/15 deadline of restructuring franchise tag signees. If we don't restructure Peppers by Wednesday (long term deal) we can not restructure for 09 and we are stuck with the big hit.

sorry, ya thats what im talking about. the FO needs to work this deal out, cause we're going to need the space to sign the rookies.

[ncbobcat]

You can extend at any point, no? The 15th is the deadline for a NEW deal, but an extention can be done at any point of the year. Maybe the franchise tag works differently, I don't think it does. Correct me if I'm wrong.

[carpanfan96]

After the 15th only a one year deal can be signed that's non negotiable.

[Fireball77]

Used to have a window for that NCbobcat. I thought so too. Apparently they revised that out of the CBA when they did the emergency extension in 2006. Props to carpanfan96 for pointing out my erroneous assumption in another thread.

[Kettle]

is there a time on the deadline? meaning is it the 15th at midnight, or some other time?

[carpanfan96]

Used to have a window for that NCbobcat. I thought so too. Apparently they revised that out of the CBA when they did the emergency extension in 2006. Props to carpanfan96 for pointing out my erroneous assumption in another thread.

I think it's less complicated now, then before when it had all the extra by rules and crap in it. Like if you sign this player from this day to this day his tag stays with him, but from this day to this day it doesn't.........

Now it's fairly simple, you have a set date to give the Tag out by and a set date to get a long term contract done. While the player has a set date to sign his Tag tender by.

[carpanfan96]

is there a time on the deadline? meaning is it the 15th at midnight, or some other time?

If I remember correctly it's July 15th period. I don't know if it's got a time deadline on it or not. most likely given the rest of the Formats the league uses for time lines then I'd say Midnight on the 15th.

[ncbobcat]

Thanks for pointing that out. I knew teams used to be able to extend at any point...no matter the scenario, but I guess that's changed.

I'm thinking that the team plans on giving Peps his payday and negotiates a new deal after the season. The reason is, I feel that Peps may or may NOT be in the future plans beyond 2009 depending on what happens this year.

Issues ranging from Peps performance, Brown's development, Super Bowl win, to cap space. I think it's not a done deal that the team is 100% committed to Peps in 2010.

[MadHatter]

The deadline according to the CBA is 4PM on July 15th.

The key text comes from Article XX, Section 2(k) of the CBA: "Any Club designating a Franchise Player shall have until 4:00 p.m., New York time, on July 15 of the League Year (or, if July 15 falls on a Saturday or Sunday, the first Monday thereafter) for which the designation takes effect to sign the player to a multi-year contract or extension. After that date, the player may sign only a one-year Player Contract with his Prior Club for that season, and such Player Contract may not be extended until after the Club's last regular season game."

[Pejorative Miscreant]

I'm thinking that the team plans on giving Peps his payday and negotiates a new deal after the season. The reason is, I feel that Peps may or may NOT be in the future plans beyond 2009 depending on what happens this year.

Issues ranging from Peps performance, Brown's development, Super Bowl win, to cap space. I think it's not a done deal that the team is 100% committed to Peps in 2010.

Interesting point of view and it makes for good conversation in an otherwise boring time of the year.

On the otherhand, I would argue that it is in the team's best interest to sign him to a long term deal

1. Leverage is currently leaning to the Panther's FO.

Because there was a lack of interest Peppers (and his agent) eventually came back to Carolina. They may be realizing that the grass is not any greener on the other side.

2. Peppers is an elite player

Why not lock him up if you can get him. Granted he seems like he takes plays off, and lacks enthusiasm from time to time but he is still a beast and the team is much better with him on the line. Letting him walk after 2009 leaves a hole that you need to fill and gambling on Brown, Johnson or (Insert whoever here) to live up to that is a big gamble.

3. 2009 Cap Space

If we could carve out a couple mil we might be able to sign some much needed experienced depth to the OL/DL