May 15, 2013
RB DeAngelo Williams restructures contract, Panthers now $8.4 million under cap
Just when it appeared as though 2013 would be DeAngelo Williams' final year in Carolina, the franchise's leading rusher has restructured his contract with the team.
The Observer's Joe Person confirms Williams has restructured his contract in a way that saves the Panthers $3.2 million in cap space in 2013 and potentially $8 million in cap space in 2014 and 2015, the final two years of his deal. The deal was first reported by Yahoo.com.
Williams, scheduled to earn $5 million in 2013 but carrying a cap hit of $8.2 million, will still earn the $5 million, but his cap number will reflect what he earns. His $4.75 million base salary and $250,000 workout bonus for 2013 was converted to an $850,000 base with a $150,000 bonus and a $4 million signing bonus.
That signing bonus is prorated through 2017 after the team stuck two "dummy years" at the end of his contract. Essentially, his contract will void at the end of the 2015 season, and the Panthers will have to account for $2.2 million in dead money in those two years.
The team is now $8.46 million under the 2013 salary cap.
Scheduled to make $13 million in his final two seasons, Williams' restructured contract will earn him $5 million, with the potential to earn up to $750,000 in salary escalators in each of those two years.
The end result: The Panthers could save as much as $8 million in cash while shaving $7 million in cap space in those final two contract years.
Williams inked a five-year, $43 million deal in 2011, but barely into the second year of that deal he saw his role reduced from starter to backup as the Panthers coaching staff handed the keys to Jonathan Stewart.
Quarterback Cam Newton led the team in rushing in 2012, becoming the first quarterback in the NFL to lead his team in that category since Donavan McNabb a decade earlier. And newly added fullback Mike Tolbert accounted for seven rushing touchdowns, the second-most on the team behind Newton.
And the writing on the wall became even clearer in April when the Panthers took Oregon RB Kenjon Barner in the sixth round of the draft. Panthers coach Ron Rivera said Barner could be used as a scat back, which would further reduce Williams' carries and role on the team.
While Stewart struggled with ankle injuries through most of the season, Williams finished last season with 737 yards on 173 carries and five scores.
Posted by Observer Sports on May 15, 2013 at 09:19 AM | Permalink
seems to me this actually sets the team up better for a trade, makes D Wills contract more manageable. There just isnt a need for him, J Stew, Tolbert, and Barner on this team.
Posted by: Rick | May 15, 2013 9:46:49 AM
That's good, i'm glad Deangelo restructured his deal, it's going to be a good season im ready now!
Posted by: Kris | May 15, 2013 9:50:12 AM
I hope this will cement his position as a Panther for the near future. Good move.
Posted by: Lanman | May 15, 2013 10:02:02 AM
DeAngelo is another class act player the Panther's have. I ask you, what other NFL teams have players that restructure their contracts like the Panther's do. This is one reason I am a fan of this team, class act all the way,top to the bottom. Most NFL players when it comes to money are into getting all they can for themselves. The Panther players have a team attitude, they act like family and as long as they continue to be like family; I for one will support them until my last breath.Also for all the fans who worry about wins,they will be coming soon, this team is family and when a family pulls together there is nothing they can't do. GO PANTHER'S
Posted by: officer jim | May 15, 2013 10:22:17 AM
i ain't restructuring mines!
Posted by: jimmy pickles | May 15, 2013 10:25:36 AM
I believe Kris needs to learn how to operate his computer!!
Posted by: dbigcat | May 15, 2013 10:28:01 AM
Kris talks to much.
Posted by: arealpanthersfan | May 15, 2013 10:30:42 AM
my buddy Kris has Parkinson's, go easy on him. sometimes he clicks or hits enter a few times extra....or in this case more than a few.
Posted by: big gulps | May 15, 2013 10:47:17 AM
The duplicate postings are a true sign of ignorance.
Posted by: Bobby | May 15, 2013 10:59:04 AM
Sooo, Kris are you ready for the season or what??
Posted by: toriano | May 15, 2013 11:10:37 AM
Charles Woodson? Go get'em Gettleman.
Posted by: 10-4!! | May 15, 2013 11:24:42 AM
Jesus Kris, we all HEARD you!
Posted by: Mexoplex | May 15, 2013 11:28:28 AM
ORRRRR Kris really, really glad that D'will restructured his contract!
Posted by: SB | May 15, 2013 11:38:51 AM
Gettleman's doing a great job digging us out of the cap mess Hurney left us.
Posted by: Michael | May 15, 2013 11:42:14 AM
great. but why not just cut him?
Posted by: Steve | May 15, 2013 11:59:36 AM
This is a great move for the Panthers and For Deangelo. He gets money up front, which running backs especially love, and they lower the cap hit to sign another player. Gettleman for president.
Posted by: Gerbs | May 15, 2013 12:04:38 PM
This just leaves Charles Johnson as the only other contract that needs to be restructured. Still holding out hope for trading D-Will. Now we can try and lock up Hardy before he has another great year and hits the open market. We'll also probably need to look at paying Cam soon too if he progresses this year. Gettleman doing an outstanding job so far!
Posted by: jrguyiii | May 15, 2013 12:06:46 PM
Now its Jon Beasons' turn...
Posted by: What | May 15, 2013 12:26:32 PM
Now it's Jon Beasons' turn...
Posted by: What | May 15, 2013 12:28:05 PM
Really Kris...19 times!?!?!?!?
Take a computer class or something!
Posted by: Genie | May 15, 2013 12:35:31 PM
Kris repeats himself a lot .
Posted by: Joy | May 15, 2013 12:36:20 PM
Kris acts like he is six.
Posted by: David | May 15, 2013 12:43:34 PM
All my work is being undone! :(
Posted by: Marty Hurney | May 15, 2013 12:57:45 PM
where did my comment go ???
SUPER BOWL 2014 !!!!!!!!!!!!!!
Posted by: big gulps | May 15, 2013 12:58:08 PM
Another class act by DW. I for one hope he remains with the team and then retires a career Panther at the end of his contract vs the Panthers moving him to play as a backup somewhere else in his final years.
Posted by: BG | May 15, 2013 1:46:48 PM
The comments to this entry are closed.