« Summer school notes from Tuesday | Main | Statement from Julius Peppers »

June 24, 2009

UPDATED: Peppers signs offer sheet, to play for Panthers

The Panthers announced this afternoon that defensive end Julius Peppers has signed his offer sheet and will play for the team this season. A conference call has been scheduled for this afternoon.

Peppers' agent, Carl Carey, told the Observer that : "Julius is more than satisfied with the outcome and is prepared and ready to play football."

Carey said a statement from Peppers was forthcoming in which Peppers said he'd had "positive and productive" conversations with the Panthers and that he was "optimistic" about the upcoming season.

Peppers will be perhaps the highest paid player in the league with a contract that could pay him up to $19.183 million this season.  He has a guaranteed $16.683 million base salary -- the amount of his offer sheet as a franchise free agent -- plus an incentive of $1.5 million if he makes the Pro Bowl and $250,000 per each playoff win up to and including the Super Bowl.

The incentives carry over from Peppers' contract from last season.

Peppers has a one-year contract. If the Panthers franchise him again next year, they'll have to make him a tender offer of around $20 million and a total deal, counting incentives, worth more than $22 million.

More on this soon.

-- Charles Chandler

Posted by Observer Sports on June 24, 2009 at 02:32 PM | Permalink


As a season ticket holder when he is introduced I will not cheer for him. He doesn't want to be in Carolina. He is only playing because he has no other option.

Posted by: Don | Jun 24, 2009 2:47:47 PM

Awesome :)

Welcome back Pep!

Posted by: JIMcK | Jun 24, 2009 2:48:03 PM

Finally, now all the "fans" will shut up! Brown/Johnson 2010 season.

Posted by: Cameron | Jun 24, 2009 2:49:16 PM

Question is... is there a trade in the works. Kind of an odd time for him to sign it. Still has about a month before training camp.

Posted by: panthers24 | Jun 24, 2009 2:51:38 PM

What a shame... paying a player a million plus a game when he doesn't want to be here. He owes the entire Carolina Panther fan base a huge apology if he doesn't want to get booed at every home game.

Posted by: Phil | Jun 24, 2009 2:52:28 PM

Peppers will probably be traded sometime, whether that be this year or next, for a possible 2nd rounder and a later round pick. That way we can focus on much needed positions such as a replacement for Delhomme and other things (I'm not a Delhomme hater, he's just getting old).

Posted by: Cameron | Jun 24, 2009 2:54:46 PM

Peppers doesn't owe the fans anything. This is a business. I seriously doubt he will be traded because any team that is not on Peppers short list of teams he wants to play for would have a hard time signing him. I fully expect that he will be an unrestricted free agent next year and Carolina, unfortunately, won't be compensated at all.

Posted by: Jeff | Jun 24, 2009 3:01:59 PM

I completely agree Jeff, I'm sure the Panthers would like some compensation, and they would of obtained that if Peppers gave a longer list of teams and if he signed the tender allowing this to happen. But he will be 30 and we are set for the future at the DE positions with a variety of talent. So I guess we have to let some walk every now and then.

Posted by: Cameron | Jun 24, 2009 3:05:00 PM

No way is he worth the money they offered. Let's just hope this leads to a trade. $16mil could pay several top tier players who would want to be here.

Posted by: Greg | Jun 24, 2009 3:21:08 PM

The Carolina Panthers business would run a lot better if we let Mr. Peppers go.

Posted by: Bill | Jun 24, 2009 3:22:05 PM

Well lets just give Peppers this one last season, hopefully Brown could learn from the good side of Peppers. But rest assured he is gone next year, and the new terror of Brown/Johnson will begin and the end of the Peppers/Rucker error will finally come to a close (I know Rucker's retired I'm just saying combination wise).

Posted by: Cameron | Jun 24, 2009 3:30:32 PM

I think it's funny because the Observer posts all this stuff about Peppers and hasn't posted that Carolina has signed Captain Munnerlyn from South Carolina. The FIRST to sign from the 7 picks, just an FYI to everyone. And yes, I am open to a job opportunity David/Stan, I know I get the info quicker than everyone, because I knew about an hour ago that Peppers signed. Probably because Panthers.com has more news than the observer.

Posted by: Cameron | Jun 24, 2009 3:41:04 PM

Why does he owe the Panther fans anything? This is a business, his life, and his JOB. Put yourself in his situation. If you worked for a company that you disliked and wanted out and another company offers you similar compensation, then why would you want to stay with the first company? You would want to leave as well especially if your contract is up. Do you think the Panther's would still pay him next year if he got hurt this year? They wouldn't even pay him 1 dollar, if he was not useful to them.

Posted by: dave | Jun 24, 2009 3:46:50 PM

@Dave, If it's a strict business decision then he will choose this 18 Million that he could wind up getting. Only if it's "Business", but obviously it's more than that. AND NO there is no similar compensation on another team, what other team is going to pay 18 Million for ONE YEAR? NONE!!! So please realize that it's more of a personal decision than a business decision.

Posted by: Cameron | Jun 24, 2009 3:55:31 PM

Dave- Your example is horrible. Business decisions have two sides. The individual and the company. Using your example would you as a business owner welcome back an employee that said they wanted to go work for a competitor?

If this is just a business decision then he would have signed a longer term contract that has been offered with more guaranteed money than the tender offer instead of taking the chance of being injured and getting nothing. This is nothing more than him knowing his cost was too high for teams to take a chance or offer the Panthers anything. Basically he had no other options and definitely cant pass up the money for this year. Thats why I say trade him if there is opportunity. He better grow a thick skin for the comments he made at the end of the season. I dont blame him for wanting to play elsewhere. I blame him for not signing his tender earlier to give the Panthers more options.

Posted by: AZPanther | Jun 24, 2009 4:06:53 PM

"Julius is more than satisfied with the outcome"...WHAT OUTCOME?!?! This is the same offer that has been on the table since February!

Posted by: Erik | Jun 24, 2009 4:08:22 PM

Similar does not mean equal. I did account for the personal aspects if you read the part about him disliking where he is. Also, another team would give him a long term contract if they signed him, which means MORE guaranteed money than the 18 mil. It may not be for 1 years work, but he will be guaranteed more total. Also, he gets stability for more than 1 year. You don't think he will get money close to Haynesworth did? Maybe alittle less, but not too much less.

Posted by: dave | Jun 24, 2009 4:08:27 PM

AZ you are an azz. It happens all the time. Top rated employees threaten or want to leave a company and the company offers a raise and a corner office to keep them. It is business and personal. The man fulfilled his contract to the best of his ability and said that he wants to try something/someplace new. He's been in NC all his life and may just want to live and work somewhere else.
As a great fan of his, that dissapoints me but I realize it's his choice and doesn't make him a bad person for feeling that way. He hasn't berated the team or coaches. He hasn't made an azz out of himself in public or caused any problems while he was here.
In short, get a life and stop worrying about how Pep lives his.

Posted by: rawjem | Jun 24, 2009 4:14:36 PM

Azpanther- You are looking it at the owner side, but as an employee why do you care what the owner wants. In the end you look out for yourself, not the owner. If you say that is horrible, but in reality you would look out for your best interest, not someone else's interest. The owner would can your ass if he knew you did not want to be there. That is obvious. But you should be a smarter employee than to make your distaste for the company openly.

Posted by: dave | Jun 24, 2009 4:15:22 PM

Kris Jenkins made a "distaste for the company openly" and we got a 3rd/5th round pick for him.

Point is, we got him for no more than 1 year, he will be gone next year, I promise. Fox/Hurney isn't going to pay him 20+ million next year. Future is Brown/Johnson, we will have to endure this one last year of Peppers before his erra ends in NC.

Posted by: Cameron | Jun 24, 2009 4:24:52 PM

Peppers and Brown are going to raise so much hell in the backfield this year, JP is going to have a change of heart and sign the contract extension by game 3.

Brown's young exhuberance will reenergize my man JP and he will get the sack record in 09. He will be a force of nature and even then...some of you will find something to complaint about.

Posted by: rawjem | Jun 24, 2009 4:29:07 PM

Best News in Months! Can't wait to see Julius and Everette smash Eli and the boys in blue this December! This is our year!

Posted by: The Future | Jun 24, 2009 5:01:46 PM

Well I thought about things and considering this economy, I wasn't going to able to make near the amount that the Panther's were required to pay under the franchise tag, so I decided to sign and play pretty well, even though I do still really want out of here and when we play a team I want to play for, I will take those games "off".... Julius Peppers

Posted by: Chris | Jun 24, 2009 9:14:29 PM

Makes me sick to think of all that money going to a player that doesn't want to be here. I "ran the numbers" several weeks ago. If memory serves, if the Panthers deducted Pep's salary from ticket prices, each ticket for every game would be $20+ cheaper! That just ain't right.

Posted by: Ron | Jun 24, 2009 10:30:48 PM

trade him for a stud def tackle and a quality def end who tries on every play.we need def line depth.the giants beat us last year because of that.

Posted by: ray | Jun 25, 2009 12:54:43 PM

The comments to this entry are closed.