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March 13, 2012

Panthers restructure Thomas Davis deal

As expected, Panthers linebacker Thomas Davis has agreed to a restructured deal that gives the team salary cap space and gives Davis an opportunity to try to play after three knee surgeries.

ESPN.com's Pat Yasinskas reports Davis' reworked contract will free up $3.8 million in cap space.

Had the Panthers cut Davis outright, they would have saved only $300,000 toward the cap because the remainder of the $7 million signing bonus Davis received last year would have been accelerated.

Davis is in Baltimore today for the Edward Block Courage Awards ceremony. He did not immediately return a phone message.

On a Twitter post, Davis said he was grateful the Panthers gave him the chance to keep playing.

“Im looking forward to doing great things this season as one of the leaders of our team,” Davis tweeted.

Davis is attempting to become the first player to come back from three ACL surgeries on the same knee. Davis re-injured his right knee in Week 2 against Green Bay last year – his third ACL tear in less than two years.

Davis was due an $8 million option bonus this week, which the Panthers included in his extension last summer to protect themselves in the event Davis was injured again.

Davis took a cut in base salary from $2.25 million to $700,000 for 2012, ESPN.com's Yasinskas reported. His cap figure dropped from $5.9 million to $2.1 million.

--Joseph Person

 

Posted by Observer Sports on March 13, 2012 at 03:04 PM | Permalink

Comments

Let me know if I can do anymore of your work.

Posted by: Pat Yasinskas | Mar 13, 2012 3:20:45 PM

That's awesome to see someone actually allow an organization to restructure his contract so he can stay in Carolina. That's the attitude most players should have instead of greed.
GO PANTHERS!!!

Posted by: Everett Calloway | Mar 13, 2012 3:21:15 PM

Good for TD, good for the Cats. Nice work, Mr. Hurney. I hope to see TD out there this year, with Beason and a beefed-up DL, helping restore some dignity to the Panthers D. If, and that's a big if, that can happen, the Panthers will be back in the postseason.

Posted by: Original Panther Dan | Mar 13, 2012 3:23:08 PM

Glad to hear. I still sport my #47 T. Davis rookie jersey on game days. Love his heart and his hard hits. Just wishing him the best to stay on the field and deliver...

Posted by: T. Davis is the man | Mar 13, 2012 3:25:12 PM

The contract that the Panthers gave Davis last year was one of the worst deals in franchise history. Up there with the Jake re-up and the Sean Gilbert trade and contract.

I like Davis as a player, but his knees are shot.

Posted by: Sambo | Mar 13, 2012 3:46:35 PM

OK, so that still leaves them more than 5 million over the cap, thought they were suppose to get under the cap by today? Guess there are still cuts coming at the last possible minute.

Posted by: Kenny | Mar 13, 2012 3:47:52 PM

Just a quick note: I saw a poll question on ESPN that asks; Will Luck will be better than Cam this year? Based on what I read, NOT EVEN CLOSE! At least not in the year's coming version of the colts. Luck will be running his butt off because the colts have gutted themselves. Who will Luck throw to, who will be that center that will help him figure out the opposing defense, especially when they switch up on him? Who will carry the ball, who will play defense for the colts? Not even CLOSE, Cam's records will be safe for years to come.

Posted by: Mark | Mar 13, 2012 3:55:03 PM

Not really shocked at all Marty Hurney has chosen to help cause this man to never walk again after the next shot to his knee. Same guy that forced T Davis back too early after his first ACL tear, and forced Beason out on the field with a still-healing achilles.

Posted by: Frank | Mar 13, 2012 3:59:23 PM

Frank, that was an idiotic remark! It's Davis' decision, not Hurney's. You another one of those who believe nobody is responsible for their own actions?

Posted by: John | Mar 13, 2012 4:13:45 PM

Frank, chill out. They have doctors and trainers that tell players when they're able to go. Highly doubt anyone put that control in Hurney's hands. Gonnna be good to see this cat back on the field. If he comes back full form, what a deal for the Panthers. If not, they've made bigger mistakes. Last thing you'd want would be for him to head to TB or something and make the pro-bowl with them.

Posted by: Mike P | Mar 13, 2012 4:21:26 PM

According to NFL Network, Carolina is now 1.3 million UNDER the cap as of 12 p.m. today. Is that JUST due to one restructured deal, as I had heard we were between 6.5 to 9 mil over. Minus 3.8 mil due to this deal we would still be over according to those numbers. I think all teams were awarded additional cap space (if they chose to accept it this year), other than the ones that violated last years salary rules, so that's 1.6 mil (again according to NFL Network), but that STILL doesn't add up. So what's really going on? Were those figures just wrong in the first place?

Posted by: OBXsurfer4 | Mar 13, 2012 4:49:07 PM

maybe the national media can tell us what is going on. This local rag is a rag.

Posted by: MELISSA | Mar 13, 2012 4:55:00 PM

Who knows, the Panthers wait until the last minute to do or say anything, you would think the Panthers were in the CIA. It doesn't really even matter, they're not going to have any money to get any good free agents anyway. We'll have to wait for the draft for any off season fun. At least we have a new backup kicker, lol.

Posted by: Kenny | Mar 13, 2012 5:02:23 PM

Hangartner signs 3 yr deal with Panthers

Posted by: OBXsurfer4 | Mar 13, 2012 5:04:06 PM

What about a major pay cut for Chris Gamble? He is only worth $2.5 Million. Only an average of 46 tackles per year for the past three years, when Gamble used to average 71 tackles per year (huge drop off). Only 7 INT's the past 3 years versus 20 INT's the previous 5 years BEFORE the Fat Contract was signed. Clearly this lazy 'Cat is not performing up to apparent ability. He would get exposed for the POSER he really is, if the Panthers had a better CB on the opposite side.

Posted by: Bill Polian | Mar 13, 2012 5:12:52 PM

Did Davis ever find his stolen tricked out ride? It's the only thing I know him from. It's certainly not his play on the field.

Posted by: chris | Mar 13, 2012 5:13:30 PM

Why is the Observer always the last to report on Panther developments? ESPN had this story up at 2 PM. Does it really take an hour to copy someone else's story and put it up on the website. I still don't see a story about Hangartner re-signing. What are you paying the reporters for? A blogger is scooping ya'll almost every day.

Posted by: Mark | Mar 13, 2012 5:25:39 PM

@Kenny...as comical as ur comments are, sadly they are correct.

I saw on Profootballtalk the list of the top 100 FAs and saw some good CBs on there I wish we could target (Carlos Rogers, Tracy Porter) but alas...

Posted by: Bobcat Terry | Mar 13, 2012 5:30:18 PM

Well INTs aren't the end all, be all stat for DBs necessarily. After all its hard to get picks when they're throwing at the guy across the field. Adding another solid corner would improve Gamble's stats. He's a decent, not great, but decent starting corner. His job will get a lot harder if Tampa ends up getting VJax like everybody seems to be saying though.

Posted by: OBXsurfer4 | Mar 13, 2012 5:39:01 PM

Carlos Rogers, Brandon Carr, Tracy Porter...they are ALL better than Chris Gamble.

Posted by: Bill Polian | Mar 13, 2012 5:39:14 PM

was on Davis twitter feed this morning!

Posted by: joe cool | Mar 13, 2012 7:57:26 PM

The Hangartner resigning is listed in the cutting of Wharton.

Posted by: Gerald | Mar 13, 2012 8:12:44 PM

The comments to this entry are closed.

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