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September 14, 2006
A look at the Panthers' "dead money"
What do Keith Adams, Brentson Buckner, Stephen Davis, Atiyyah Ellison, Stefan LeFors, Bruce Nelson, Brandon Short, Rod Smart and Sean Tufts have in common? Other than the fact they’re all former Panthers, they’re also each costing the team six (and in Davis’ case, seven) figures against this year’s $102 million salary cap. The Panthers have just over $4 million in available cap space ($1 million less than the league average), but they’d have a lot more without "dead money’’. That’s the cap space taken up by players no longer on the roster. Here’s a run down of dead money for the Panthers - unofficially about about $4.7 million: Keith Adams $104,000 Lorenzo Alexander $15,170 Chad Beasley $2,000 Joe Berger $37,735 Aaron Boone $54,748 (injury grievance) Jovon Bouknight $3,333 Brentson Buckner $993,000 Jarrett Bush $6,666 Steve Cheek $15,000 Matt Cherry $2,000 Casey Cramer $4,950 Stephen Davis $1.2 million Jon Doty $5,000 Atiyyah Ellison $319,950 Ben Emanuel $68,000 Bill Ferrario $50,000 Shannon Fitzhugh $2,000 Otis Grigsby $2,000 William Hampton $27,500 Jermaine Hardy $5,170 Phil Hawkins $2,000 Jovan Haye $30,085 Efrem Hill $14,333 Lynzell Jackson $2,000 Corey Jenkins $12,500 Micah Knorr $30,170 Marcus Lawrence $9,333 Stefan LeFors $110,730 Devan Long $12, 255 Justin McCullum $1,666 Lornell McPherson $3,333 Sean Mulcahy $31,765 (injury settlement) Bruce Nelson $335,000 Jared Peck $2,000 Jammal Robertson $35,000 Micah Ross $25,000 Brandon Short $500,000 Rod Smart $282,000 Daniel Smith $1,666 Adam Stenavich $6,666 Taylor Stubblefield $10,000 Albert Toeaina $2,333 Sean Tufts $305,720 (injury settlement) Michael Watson $6,667
Posted by Observer Sports on September 14, 2006 at 10:58 PM | Permalink
Comments
This seems to be alot of money but I wonder how this matches up to other teams in the league.
Posted by: Terry Miencier | Sep 15, 2006 8:23:19 AM
Could somebody explain how this actually works? Do we "owe" this money? What is the effect of a player, like Davis, getting signed by another team? ETc.
Posted by: dh | Sep 15, 2006 9:53:55 AM
Every dollar a team pays a player has to count against its salary cap, sometime.
The up-front money given in signing bonuses is prorated so that the impact on the salary cap is spread out for the length of a contract -- that's how a player could take in, say, $11 million in bonus and salary the year he signs, yet have a $6 million "cap figure" that season. The team will be charged for the remaining $5 million the player already received, either in later years he plays under that contract, or in the year or two after he is cut.
For Davis, for instance, it looks like the Panthers cut him having paid him $1.2 million more than had been charged against their yearly caps. So that comes out of this year's cap.
Posted by: Paul Domeier | Sep 15, 2006 3:56:34 PM
I would love to see Davis back, especially for short yardage situations.
Posted by: Neal Stroud | Sep 15, 2006 4:46:34 PM
Terry Miencier, no we do not owe this money.For Davis, for instance, the Panthers cut him having paid him $1.2 million more than had been charged against their yearly caps. So that comes out of this year's cap.
Also his contract may have not expired.
:*)
:#)
Posted by: truefan | Sep 19, 2006 12:11:24 PM
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