We Have More Cap Space Than You Think

[CRA]

We already cut Smitty as a June 1. Limit is 2 June 1st designations per year

Then Williams a June 1 and just cut Godfrey. Godfrey is easy savings as just a standard cut

[jdpanther5]

We already cut Smitty as a June 1. Limit is 2 June 1st designations per year

Only two EARLY designations, once June 1 rolls around you can cut others.

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[heel31ok]

Financially, this has been a tough offseason for the Panthers. We've had our backs pressed against the salary cap and have watched some pretty alluring free agents sign elsewhere time after time. Fear not, however. Gettleman is setting us up to have a nice bit of cap room. 

 

Currently, the NFL Salary Cap is $133.0M. We have $6.0M in 2013 Cap Rollover and lost $0.3M in adjustments. 

 

This means our adjusted Salary Cap is $138.7M. For comparison's sake, New Orleans' adjusted Cap is $132.8M. 

 

We are currently carrying $17.8M in dead money—thanks Jon Beason ($8.0M), Jordan Gross ($5.6M), and James Anderson ($2.8M), but most importantly Marty Hurney. 

 

We are also carrying approximately $134.2M in salary among our top 51 contracts—what counts against the cap. I say approximately because I estimated DeCoud's cap hit based on his average salary. 

 

This all calculates out to $4.5M in Cap Space. If we cut Godfrey post-June 1 (looking more and more likely), we will have $9.6M in Cap Space. 

 

Resigning Hardy long-term would likely give us ~$12.5M in 2014 Cap Space. 

 

$12.5M in Cap Space sounds very nice right now. It would give us plenty of room to sign our rookies and begin looking forward to extending Cam. 

 

Cheers. 

extending Cam will take that 12.5 and more.

[Carolina Crazy V2]

extending Cam will take that 12.5 and more.

 

 

Ummmm?...false. 

[heel31ok]

Ummmm?...false. 

we're looking at 18 mil at least, minus his 5 he already makes that eats it all up. So If I am missing something would love to see it.

[C47]

It ruffles my jimmies every time I'm reminded we have to pay Gross so much to abandon us.

 

Gettlemagic? 

[Carolina Crazy V2]

Somebody also informed me that if we cut DWill after June 1st that saves us another 2 mil this year.

 

It will actually save us $3.0M in 2014. However, if we did that, we would be paying him $6.6M in 2015 to not play for us, which would actually be $0.3M more than we'd pay him to play for us. 

 

The fact that I'm not in staunch opposition to paying him that much to play elsewhere shows how done I am with our running back situation. 

[Carolina Crazy V2]

we're looking at 18 mil at least, minus his 5 he already makes that eats it all up. So If I am missing something would love to see it.

 

Cam's 2014 salary isn't going to get touched. 

 

 

 

We're gonna give him six additional contract years starting in 2015. He will earn between $17-18M, unless his play surpasses expectations in 2014. 

 

By that time, however, the cap will be raised another $10M or so, giving us the room we need to sign him. 

[jdpanther5]

It will actually save us $3.0M in 2014. However, if we did that, we would be paying him $6.6M in 2015 to not play for us, which would actually be $0.3M more than we'd pay him to play for us.

The fact that I'm not in staunch opposition to paying him that much to play elsewhere shows how done I am with our running back situation.

Cutting him June 1 causes a $4m hit ($3.2m signing bonus + $800k restructure bonus) which saves $2m.

As for next year you're not figuring in the $1m option bonus he's due next off-season that - assuming he's cut - he'll never see.

So, instead of a $300k loss next year it's actually a $700k gain. Either way, not sure you find a suitable replacement for the amount saved.

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[MadHatter]

Umm we choose this scenerio. We voided his contract for relief last year. He would probably still be on the team if not for Gettleman voiding his contract. Not saying that as a criticism, just fact.

He was considering retirement even before the restructuring.

[thunderraiden]

He was considering retirement even before the restructuring.

 

Then we are idiots for restructuring?

[Frizzy350]

Although I do like the post and like the logic any Huddler posting about "Cap Space" is read with a giant block of salt..

In reference to cap space...we have professionals that are working on it!

When we drop the dead money from Beason, Gross, Anders we will be fine...then when its doable to drop the HB contracts its sweet extentions for Cam and Keuchley...and soon Star..but I think CJ's contract will either be gone or redone by then.

We will not have a lot of cap room after the extentions so expect similar free agencey results i the next 4-5 seasons.

 

When dead money from them clears out and the new TV contracts hit we will be in a nice position to resign Cam and Luke.  Cap will prolly jump close to another 20 mil next year with the contracts.

[CarolinaCoolin]

we're looking at 18 mil at least, minus his 5 he already makes that eats it all up. So If I am missing something would love to see it.

Extending him doesn't mean he gets paid any more this season

[csx]

Extending him doesn't mean he gets paid any more this season

By every example of an extension I can find it does in practice include a first year raise.