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March 27, 2013

Jordan Gross restructures deal to help Panthers with cap space

Veteran left tackle Jordan Gross has taken one for the team.

The former first round pick entering his 11th season took a pay cut this offseason to help Carolina with its salary cap situation while picking up a contract extension through 2017.

According to an Associated Press report, Gross' base salary of $8.7 million for 2013 will be cut to $1 million, and his $6.7 million base salary in 2014 will be cut to $1 million. 

Though his base salary goes to $1 million for 2013, Gross will still receive a salary of $5.5 million by virtue of a $4.5 million signing bonus on his extension, according to ESPN.com.

Gross, who was scheduled to become an unrestricted free agent at the end of the 2014 season, is the second-longest tenured Panther in the locker room and holds the franchise record for most career starts with the team (151). Gross will make $1 million in base salary from 2014-2017 and will receive a roster bonus of $2 million in 2014, according to ESPN.com.

The Panthers were between $1 to $2 million under the cap before Gross took his cut. The move takes Gross' cap figure for 2013 from $11.7 million to $4 million and gives the Panthers nearly $7 million more in cap room.

“I’ve given 10 years to the Panthers and the Panthers have given 10 years to me. And nobody wants this organization to win more than I do,” Gross told the Observer earlier in March. “I’d love to be a part of the equation for success in 2013. This is just something that has to get worked out.”

The deal now opens the door for the comfort of another free-agent signing or two and the room to sign their draft picks, of which they have five for April's draft.

--Jonathan Jones

Posted by Observer Sports on March 27, 2013 at 01:12 PM | Permalink

Comments

Good for you, Jordan. The right move and the move of a leader.

Posted by: Roaring Riot | Mar 27, 2013 1:20:55 PM

I like this move, shows veteran accountability. It shows that he wants to win, and his dedication to helping this team win. Jordan Gross has always been one of my favorite football players, as well as just being an all around great guy. I'm hoping we can get a ring for him and Steve Smith before they both retire.

Posted by: El | Mar 27, 2013 1:24:34 PM

Classy move by Gross. Quite different from what we have heard about a lot of NFL players recently.
Thanks Jordan!

Posted by: Terry | Mar 27, 2013 1:30:26 PM

Gettlemen, use the money wisely!

Posted by: Timothy Thomas | Mar 27, 2013 1:30:34 PM

Classy move by The Panthers. They should return the classy favor by offering his jersey for sale, like for Newton, Smith, and Kuechly. I want my GROSS #69 jersey (without having to customize it for $250)! :)

Posted by: Ben | Mar 27, 2013 1:35:13 PM

If we're talking about this from a "deserve" point of view, Gross deserved every penny of his salary before the pay cut. I'm not super pumped that he had to take a cut but Jon Beason, who's been injured (not his fault, I know) gets to keep his ~$8-9M a year salary and Charles Johnson makes over $10M a year getting about 10 sacks year on year.

Gross has been getting slower, and he hasn't played every game, but he's been one of our better offensive linemen. We really need a better O-line, but Gross has been one of the few bright spots IMO.

Posted by: Phil Withers | Mar 27, 2013 1:40:07 PM

Let's see if the LB who has only played a few games the last 3 years will restructure his contract for the betterment of the team. Or will he just be selfish? You know who you are...

Posted by: What | Mar 27, 2013 1:48:30 PM

Jon Beason...

Posted by: What | Mar 27, 2013 1:50:33 PM

The people who are calling out Beason have no idea what they are talking about. The cap will actually HURT the team if they restructure/cut Beason. His contract is set up differently, and basically will cost the panthers dead money that goes against the cap this year. They have no choice but to keep Beason where he is at right now.

Posted by: Mark | Mar 27, 2013 1:56:02 PM

Hey Urlacher, this is how you class it up!

Posted by: Launchpad | Mar 27, 2013 2:02:42 PM

Great Move! Thanks Jordan..

Posted by: Lanman | Mar 27, 2013 2:07:11 PM

Hey Mark, I didn't say cut him, I said he should help the team by restructuring his contract. He is selfish if he doesn't...

Posted by: What | Mar 27, 2013 2:15:04 PM

It clearly show that he wants to be Panther, Urlacher, Reed this is how you stay loyal to the fans!!!!

Posted by: CB88PanthersFan4Life | Mar 27, 2013 2:21:45 PM

7 million dollars to spend in free agency.that just made my day.

Posted by: ray | Mar 27, 2013 2:29:58 PM

Kudos to Gross. Class act. Now Gettlemen et al have to execute properly.
Michael Huff just went to Baltimore for $2 million a year- what a shame. That would have been a significant get for us.
We need enormous help on the DL, DB, OL and WR. We don't have enough high draft picks to settle all those areas.
A Ted Ginn signing is not enough!!!

Posted by: Tyler Kadison | Mar 27, 2013 2:31:18 PM

i'll restructure!..save da panthers a buck fifty at least!

Posted by: jimmy pickles | Mar 27, 2013 2:43:38 PM

Will it add up to wins? No way. 4 wins at best next year, and I will take all that action that you can place.

Posted by: NOWAY | Mar 27, 2013 2:47:46 PM

Has any team signed Marty yet?

Posted by: kevin | Mar 27, 2013 2:54:32 PM

Hey NOWAY, I want in on that action. Put your money where your mouth is.

Posted by: JB | Mar 27, 2013 2:58:58 PM

Way to step up in a true, loyal and meaningful way! Thanks, Jordan, you are a treasure!

Posted by: Lexington Lady | Mar 27, 2013 2:59:16 PM

Move him to the right side

Posted by: Rookie | Mar 27, 2013 3:27:51 PM

@noway you full of it 4 wins geesh we have 7 last with team we have now minus Chris gamble and James Anderson. I take that bet and give you 2 to 1. I say 8 wins at least

Posted by: Tim | Mar 27, 2013 3:50:18 PM

There are conflicting reports on the actual amount he agreed to take, but either way, thank you Jordan for doing this for the team, and I hope you can talk Beason and DWill into redoing their contracts as well.

Posted by: manu4t | Mar 27, 2013 4:01:35 PM

Lexington Lady, exactly!!! That's a superbowl-type move

Posted by: Ric | Mar 27, 2013 4:18:02 PM

so hurney's still an idiot?

gettleman's going to get all of the credit for this, right? least educated fan base imaginable.

and this is all before guys get cut in camp. we're in great shape. if rivera doesn't coach us out of every win, we will be a contender.

Posted by: charlottean | Mar 27, 2013 4:31:31 PM

The comments to this entry are closed.

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