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An extra $16 million in cap space in 3 easy steps

R0CKnR0LLA

By R0CKnR0LLA,
in Carolina Panthers

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R0CKnR0LLA Experienced

R0CKnR0LLA

Posted
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Step 1, designate Godfrey a June 1st cut. I have no idea why Hurney gave him that fat contract. He was never that great to begin with and now he's coming off a major injury. Nobody is gonna miss this guy. Cap savings: +$5,100,000

 

Next up, extend Olsen for 2 years, while prorating his current salary. Cap savings: +$5,691,250

 

Finally, restructure Charles Johnson (or straight paycut if you can get him to agree to it). Normally I'm not a fan of pushing cap hits down the road but these three moves combined actually give the Panthers about $3 million more cap space in 2015 and an added ~$5 million in 2016. CJ's restructure gives us an added +$5,263,333 in 2014, bringing the final to...

 

Total added cap space: $16,054,583

 

 

The new projected cap will also give us roughly an extra $7 million compared to last year.

 

 

 

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Big A Newbie

Big A

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OK, step 1. Cut Godfrey as a June 1st cut. I have no idea why Hurney gave him that fat contract. He was never that great to begin with and now he's coming off a major injury. Nobody is gonna miss this guy. Cap savings +$5,100,000, giving us a total cap space of $23,712,268.

Newton, the pAnthers beat writer for ESPN, disagrees with your math

@DNewtonESPN: Good question on several levels. You're right, cutting Godfrey would save money. The Panthers still would take a $5 million cap hit this season, but they'd save $2.1 million and free up future cap space. The question is how do the Panthers want to move forward in the secondary, or specifically at safety. When Godfrey suffered a season-ending Achilles injury in the second game, they moved Mike Mitchell into his role at free safety. Mitchell had a career year with 74 tackles and four interceptions. He gave the secondary an attitude it lacked and needed. He's also a free agent, so the Panthers have to pay up to keep him. Mitchell's cap number last season was $1 million, so even if he doubled or tripled that with a new deal he could save the team money long-term should they cut Godfrey, who has a cap value of $7.1 million again in 2014 and $6.4 million in 2015. If the goal is to free up future money, and it is, this could be a move the Panthers would have to strongly consider. It's a tough call. The staff likes Godfrey, but financially it makes sense to move on.

http://espn.go.com/blog/carolina-panthers/post/_/id/4264/panthers-mailbag-should-team-cut-godfrey

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panthers55 Grand Master

panthers55

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There are a lot of different figures floating around concerning the Panthers cap space. I'm going by the NFLPA's public League Cap Report as the NFLPA actually has direct access to player contracts and in general I'm going to trust the NFLPA over some random website.

 

They put our current cap space, after factoring in rollover from last season, at $11,612,268.

 

That's before adding in today's news about the cap increase which will add roughly +$7,000,000, putting our current cap space at $18,612,268.

 

 

OK, step 1. Cut Godfrey as a June 1st cut. I have no idea why Hurney gave him that fat contract. He was never that great to begin with and now he's coming off a major injury. Nobody is gonna miss this guy. Cap savings +$5,100,000, giving us a total cap space of $23,712,268.

 

Next up, extend Olsen for 2 years, while prorating his current salary. Cap savings +$5,691,250, giving us a new cap number of $29,403,518.

 

Finally, restructure Charles Johnson (or straight paycut if you can get him to agree to it). Normally I'm not a fan of pushing cap hits down the road but these three moves combined actually give the Panthers about $3 million more cap space in 2015 and an added ~$5 million in 2016. CJ's restructure gives us an added +$5,263,333 in 2014, bringing the final to...

 

Total cap space: $34,666,851

 

 

 

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Look at the top of the page.  It says that the report was 2013 not 2014 even though it says it is updated several times a day.

 

https://nflplayers.com/reports/RunPublicReport.aspx?report=top51

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panthers55 Grand Master

panthers55

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I agree with extending Olsen and cutting Godfrey as a June 1st but would not restructure Johnson.  Right now he counts 16 million against the cap which goes out to 17 million next year.  If you restructure you are looking at close to a 20 million cap hit next year. Truth is that the only way to save significant money with Johnson is cut him at a June 1st cut and save 8 million this year and 9 million next year.  If I had to choose to cut Johnson or let Hardy go, right now It would be Johnson.  He costs way too much money at this point.

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