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February 03, 2006

Peppers gets new agent; new deal next?

Very quietly, Panthers defensive end Julius Peppers has switched agents. Peppers parted ways with Marvin Demhoff, one of the most powerful agents in NFL circles.

Peppers is now represented by Carl Carey, who has only been a certified agent since Aug. 15, 2005. But Peppers’ ties to Carey run deep. Carey was Peppers’ academic advisor at the University of North Carolina and has been an advisor and mentor to Peppers throughout his professional career.

One of Carey’s first duties as Peppers’ agent is likely to be a contract restructuring. Peppers has a salary cap figure of nearly $15 million for 2006. The Panthers are about $6 million over the expected cap limit ($92 million) right now and likely will try to lower Peppers’ cap number. Peppers has a $5.5 million base salary and the Panthers can convert most of that into bonus money to spread over a contract that runs through 2008.

But there also is the possibility, Peppers, Carey and the Panthers could try to work on a contract extension. In that scenario, the Panthers likely would free up a lot more cap room, but would have to pay Peppers a huge signing bonus.

Posted by Observer Sports on February 3, 2006 at 02:20 PM | Permalink

Comments

How did Peppers salary cap figure get so big? Also, do you think the Panthers will get under the cap just by restructuring his contract alone?

Posted by: Nick | Feb 7, 2006 12:59:25 AM

To Nick - Peppers is going into the backloaded years of his rookie contract where the escalators are all starting to kick in (going into Year 5 of 7).

Re-structuring and re-signing Peppers for the long-term is the best bet to freeing up a ton of cap space for 2006. They can cut his '06 cap number by at least half, if not more, easily.

Posted by: Paul | Feb 7, 2006 5:24:00 PM

How exactly do you get an agent?

Posted by: swann | Jun 20, 2006 2:52:36 PM

Peppers and Steve Smith are my two favorite players in the league. Peppers has to indicate that either he was injured or did not train hard enough. I have watched every game since his rookie season. This year he did not look as musclar, as fast, or motivated as he has in the past. That needs to be addressed honestly with him. He can be the best DE in the NFL when he goes sideline to sideline to make tackels and gets to the quarterback.

Posted by: bruce chappell | Feb 9, 2008 5:15:55 AM

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