Panthers clear $7.25 million in cap space with restructurings

Mandatory Credit: Jeremy Brevard-USA TODAY Sports

Carolina Panthers general manager Dave Gettleman and salary-cap specialist Rob Rogers have created some more cap space by restructuring three contracts. The moves freed up $7.25 million in cap space.

From Joseph Person of the Charlotte Observer:

The Panthers restructured the contracts of three veterans – center Ryan Kalil, running back Jonathan Stewart and linebacker Thomas Davis – in moves that created about $7.25 million in cap space.

The Panthers created more than $3 million in cap space by restructuring Davis’ contract.

Under the terms of the restructured contract, Davis received a $5 million bonus for signing the $16.5 million contract – a figure that includes $1 million salaries for each of the three voidable seasons from 2016 through 2018.

Davis was to make $2.75 million in base salary this year, but now he will make the veteran’s minimum of $950,000. His cap number will dip from $6.82 million to $3.57 million for a savings of $3.25 million.

Rogers had asked Kalil and Steward to restructure deals last offseason as well. The Panthers are currently $29 million under the projected cap of $132 million. If the Panthers got Charles Johnson to restructure his deal they could create even more cap space.

Topics: Carolina Panthers

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  • ahrcshaw

    It all sounds like the right thing to do, we will see. Johnson needs to step up to the plate and Hardy needs to back off some. Another issue is Gross, who now has retired.

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