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February 19, 2009
Peppers tagged, Gross is $60 Million Man
By Charles Chandler and David Scott
cchandler@charlotteobserver.com
dscott@charlotteobserver.com
INDIANAPOLIS – The Carolina Panthers reached a lucrative contract agreement today with left tackle Jordan Gross and placed their franchise tag on defensive end Julius Peppers.
According to sources, Gross received a front-loaded, six-year contract
that totals almost $60 million.
The deal pays Gross $30.5 million over the first three years of the deal – the most lucrative three-year payout ever to an offensive lineman.
“We’re done, I want to confirm that,” Gross told the Observer. “I’m ecstatic to be part of the Panthers.”
With Gross secured, the Panthers placed their franchise tag on Peppers, who said on a conference call last Saturday that he’d ask to be traded if tag.
Peppers' agent, Carl Carey, issued the following statement from Peppers this afternoon:
"Julius was expecting the franchise tag and we will continue to seek a resolution that is in line with his professional goals."
According to a source close to Peppers, he has a list of four teams to which he would accept a trade. Of those four, three are in the NFC, including two the source said Carolina probably wouldn’t trade Peppers to and Dallas, which doesn’t have a first-round pick to trade away.
The AFC team hasn’t been identified, but possibilities include Miami, New England and Denver. The Dolphins and Patriots play the 3-4 defense Peppers has said he prefers, and the Broncos are said to be switching to a 3-4.
Gross, 28, had his best season in 2008. He was selected first-team all-pro and was an NFC Pro Bowl starter.
Gross has started 103 games in his six-year career with the Panthers, including eight in the postseason. His only missed start came last season against Kansas City, when he sat out with a concussion suffered the previous week against Atlanta.
By franchising Peppers, the Panthers automatically were required to make him a one-year tender offer of $16.683 million. That represents a 20 percent increase over his 2008 salary cap figure. It’s nearly double the standard ’09 franchise tender requirement for defensive ends of $8.991 million (an average of the top five highest ’08 cap numbers for defensive ends).
The franchise tag gives the Panthers the option of trading Peppers, signing him to a long-term contract extension or having him play the ’09 season under the franchise tender.
Peppers, 29, has said he won’t sign an extension with the Panthers and wants to get a fresh start elsewhere in order to fully reach his potential as a player.
Posted by Observer Sports on February 19, 2009 at 01:51 PM | Permalink
Comments
my heart is now happy again lets make some moves!go cats!
Posted by: darius | Feb 19, 2009 1:53:47 PM
Pack your bags Julius! Hopefully they'll ship you to Denver!
Posted by: JM | Feb 19, 2009 1:58:58 PM
I would love to see them send him to Cleveland. It would serve him right.
Posted by: bobcalvin | Feb 19, 2009 2:09:44 PM
Wow, that's a pile of money. I'm glad we got it done, but it's obvious we didn't have a leg to stand on in the negotiations (thanks, Julius!). I was thinking 9 mil per year was too much to pay, and it ends up being 10. Ouch.
And 30.5 million in the first 3 years doesn't sound very "front loaded" to me. That leaves 29.5 in the last 3 years. Technically correct, I guess, but why even label it "front loaded"?
Posted by: ceb | Feb 19, 2009 2:11:58 PM
Because typically much more than 50% of these long term deals is paid out on the back half the deals, and when team's release players they end up not paying those back halves since the NFL doesn't force guaranteed contracts.
Posted by: Matt | Feb 19, 2009 2:15:00 PM
Got it. So "not back loaded" would be a better description. :)
Posted by: ceb | Feb 19, 2009 2:18:15 PM
Question, ESPN reported New England to be one of "Julius' teams" he would go to. With Cassell having the non-exclusive tag, does that force another team to pay NE 2 first round choices? Or can they still do a sign and trade the same as Panthers can for Peppers on the exclusive tag? Maybe we could get one of their interior DT's, their 23rd pick, and a later rounder? or trade for Cassell and plus other choice(s) (with Hurney emphasizing to Bellicheat Julius' 4 pro bowls to Cassell's none
Posted by: Isaiah | Feb 19, 2009 2:21:30 PM
Just what the doctor ordered.. Nice job Hurney! Gross obviously had the upper hand in the deal but after a pro bowl season, u deserve that future security.. As for Pep, it was nice knowin' yaa! Love our team for not letting him go for free.. Gotta love the offseason huh! lol!!!!!!!!!!!1
Posted by: Panthe R ican | Feb 19, 2009 2:23:00 PM
Wow - he's being Grossly overpaid! But I'm still relieved they kept him; they have too many other holes to plug (entire D-line, cornerback, O-line depth) to have to deal with getting another starting OT. I'm also loving the fact that Peppers is not getting his outright freedom. It would be nice to get a good return in a trade, as well as getting the benefit of addition by subtraction (good riddance, Julia Pep).
Posted by: Wayne D | Feb 19, 2009 2:31:22 PM
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