February 21, 2014
Panthers pick up Davis option, in process of restructuring other contracts
The Panthers are in the process of trying to restructure the contracts of multiple veteran players, two league sources told the Observer on Friday.
The most obvious candidates for restructuring are the two players with the highest cap numbers: defensive end Charles Johnson ($16.4 million) and center Ryan Kalil ($10.4 million), both of whom agreed to restructure their deals last year.
Also, the Panthers have picked up the 2014 and 2015 option years on outside linebacker Thomas Davis' contract, according to another league source.
Davis will make $13.5 million over the next two years, including a $5 million signing bonus.
Davis' contract news was first reported by Pro Football Talk on Friday.
Davis, in his second full season back from three ACL surgeries on his right knee, finished second on the team behind middle linebacker Luke Kuechly with 123 tackles in 2013. Davis, who turns 31 next month, also had four sacks.
Panthers general manager Dave Gettleman restructured the contracts of seven players last year to get the Panthers under the salary cap. While the Panthers are close to $20 million under the projected $130 million cap for 2014, Gettleman has said repeatedly the Panthers remain "cap-challenged."
The Panthers have 21 unrestricted free agents, including defensive end Greg Hardy, who is looking for a lucrative deal after tying the franchise record with 15 sacks in 2013.
Carolina also has to clear space on future caps for the huge deals quarterback Cam Newton and Kuechly will command.
Posted by Observer Sports on February 21, 2014 at 04:25 PM | Permalink
Marty Hurney just didn't have a clue on how to handle cap issues. Glad Gettleman is here to fix this mess.
Posted by: Smitty | Feb 21, 2014 5:54:26 PM
Agree hurney landed some nice players in the draft but was ignorant to contract signings, cap space etc
Posted by: Teedog | Feb 22, 2014 11:26:31 AM
The comments to this entry are closed.