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March 04, 2014

Hardy signs $13.1 million franchise tender

Panthers defensive end Greg Hardy has signed his franchise tender, guaranteeing his $13.1 million salary for this season, a league source said Tuesday.

The move means Hardy can not sign an offer sheet with another team and gives the Panthers incentive to get a long-term deal done with Hardy for salary-cap purposes.

The Panthers continue to negotiate a multiyear deal with Hardy, although it's unclear how close the two sides are.

With Hardy signing the tender and the Panthers signing kicker Graham Gano to a four-year, $12 million deal last week, the Panthers now are about $7 million below the $133 million salary cap.

Hardy and defensive end Charles Johnson now account for more than $29 million of the team's salary cap.

A long-term deal for Hardy would supersede the franchise tender.

Hardy, 25, went to his first Pro Bowl in January after tying the Kevin Greene's franchise record with 15 sacks.

--Joseph Person

Posted by Observer Sports on March 4, 2014 at 09:13 AM | Permalink

Comments

offer him a 4 yr deal at most....

Posted by: tony clifton | Mar 4, 2014 9:26:17 AM

I'm not sure this is correct. It was reported that they had signed him to a non-exclusive franchise tag, which if that's the case, he can sign with another franchise, but they'd have to give up two 1st round picks as well.

Posted by: Joe | Mar 4, 2014 9:34:05 AM

my god 6 million under the cap after signing a kicker and one de. the oline and secondary will not be able to be addressed properly again. trade hardy and platoon the position like we did when he was sick or late for practice all the time last year. i hope the gm has another miracle up his sleeve this year. captain will walk for sure now if that cap figure is accurate

Posted by: zac jones | Mar 4, 2014 9:44:44 AM

Cap math is fuzzy at best

Posted by: PantherHead | Mar 4, 2014 9:49:41 AM

oh no, we can't lose captain! ;)

Posted by: tony clifton | Mar 4, 2014 9:51:07 AM

Pay them all!!! Let's handicap the team for years, just like I did :)

Posted by: Marty Hurney | Mar 4, 2014 10:08:39 AM

Good to keep the line together... chemistry was obviously good. We'll have another year to see if it's for real, or a one hit wonder too.

Posted by: just-me | Mar 4, 2014 10:19:32 AM

Pretty sure it was a non-exclusive tender which would mean he could sign with another team, but doing so would cost the other team picks.

Cue Charlottean to chime in and say we've got plenty of room to sign the other 18 FAs and rookies thanks to Hurney.

Posted by: Jeff Otah | Mar 4, 2014 10:46:34 AM

WOW, I bet Kevin Greene wished he played in this era. Hardy is about to make in 1 yr what Greene made in all of his 15 years in the NFL. He never made more than $2M/yr although he was an OLB.

Posted by: homer simpson | Mar 4, 2014 11:05:51 AM

Release the Kraken!!!!

Posted by: The Kraken | Mar 4, 2014 11:10:24 AM

There is no way that the cap space is at 6 million, it should be closer to 13.8 million. Especially with the restructuring (savings of 7.25 million), and the cap going up by 10 million.

Posted by: Mark | Mar 4, 2014 11:10:30 AM

That means that we only had 22 million after all of that restructuring and cap increase. No way!

Posted by: Mark | Mar 4, 2014 11:11:27 AM

What others are saying.

"After signing Gano to a 4-year $12.4M contract extension earlier this week and Hardy’s $13.1M tender today we can assume the Panthers have ~$10-14M in available cap space remaining, which could be just enough to sign the necessary players hitting free agency next week."

Posted by: Mark | Mar 4, 2014 11:18:20 AM

Joe and Jeff - now that Hardy has signed the tender, he cannot sign an offer sheet with another team, because he's committed to playing with the Panthers in 2014. By designing Hardy with the franchise tag, the Panthers put Hardy in a position where he could have signed a deal with another team, and the Panthers could choose to match it, or allow Hardy to join that other team at the cost of two first round picks. But Hardy was under no obligation to actually sign the tender until September. However, now that he's done it, he's a Panther (barring a trade).

Posted by: Jeremy848 | Mar 4, 2014 11:52:31 AM

Its TRUE!! we are at $6 million, go to OVERTHECAP.com and you will see the breakdown!! We need to cut Charles Godfrey cause he has 7 mill against the cap and also we need to cut Dwan Edwards, Chase Blackburn,and Josh Thomas and that should cear $11 million more!!

Posted by: Will Brown | Mar 4, 2014 12:03:45 PM

That sight (overthecap) is pretty cool. If all of the numbers are accurate you can play GM and cut or extend guys. Again, if accurate there are a bunch of players currently under contract for just under $500K per season. They can all be cut since most are practice squad players or are subs that can be replaced. If CJ restructures his deal and Godfrey is cut the team easily picks up another $10M in space. I really don't see a huge problem.

Posted by: Grant | Mar 4, 2014 12:30:40 PM

you guys are pulling figures out of your Ashes.

charles godfrey isn't making 7 million this year and greg olsen isn't making 8. dwan edwards isn't likely to be sticking around either.

just by restructuring or waiving godfrey alone, you can resign mitchell, munnerlyn, ginn, and several draft picks.

our salary cap figure includes a TON of non-guaranteed salaries that will NOT be paid.

you guys struggle with the nfl salary cap system......when you sign a guy, it just reshuffles the deck for the top 51 salaries. you can have no cap room and sign a guy for the same amount of the 51st guy. we have a TON of guys on our "cap" that aren't guaranteed more than pennies that will NOT make the final roster. those guys will be replaced by the colin joneses and ted ginns and mike mitchells of the 2014 team.

we have all of our starters under contract except:

3/4 defensive backs (depending on how you view thomas, norman, white and lester who have ALL started several games)
kick returner
2nd wide receiver
left tackle
right guard (unless you think kugbila is the guy)

think about that list......think about the draft.....think about the names mitchell, munnerlyn, lafell, ginn, etc. none of which are going to cost more in total that what we will clear just off of restructuring and waiving unnecessary guys AAAAAAND several of those guys reshuffling the deck fit under the cap.

the number of YOUNG guys that we're returning from a 12-4 team is great. entire front seven, both kicker and punter, quarterback, running backs (including a healthier stewart we think), tight end, center, guard, right tackle (restricted), and the guy that gettleman thinks is done.

you guys are worried about cap space when they just spent 13.1 million on greg hardy alone and STILL have room to maneuver. they still have like 5 or 6 guys left to restructure or cut.

the guy keeps crying about cap hell yet he's paying jon beason like 8 million to play somewhere else and he only saved about a million to do so. and somehow you guys forget that he was a pro bowl OUTSIDE linebacker the first year davis got hurt.

the only thing to panic about is gettleman posturing like he's going to waive smith to save a buck. because based on the beason situation......he's proven he'll do something that dumb.

there's plenty of room for everything we need to contend this year. and plenty more room next summer to keep guys like newton and keuchly.

Posted by: charlottean | Mar 4, 2014 12:44:36 PM

We should cut one of our starting RB's. No successful NFL team can afford to carry two at that price. Seattle does not nor does SF.

Just my opinion.

Worked for me in Madden!

Posted by: Tim | Mar 4, 2014 12:49:44 PM

I agree, cut stewart! did he even play last yr?

Posted by: tre'4boi | Mar 4, 2014 1:11:45 PM

@Tim, you obviously haven't been paying attention. Cutting either running back would do the Panthers no good. The obvious thing would be cutting Stewart. But he has a guaranteed contract and it would leave the Panthers millions of dollars in the hole Can't cut DeAngelo, cause he's the team's best back.

Posted by: PantherD | Mar 4, 2014 1:12:45 PM

any word on smith??

Posted by: tony clifton | Mar 4, 2014 1:15:00 PM

They are still working a deal with Cam

Posted by: gwane | Mar 4, 2014 1:56:56 PM

It would be nice to get two draft picks for Hardy. The guy is a beast - but two first rounders and that CAP space would be great. This draft is deep and if we had two first ronud picks we could get a WR and an o-linemen in the first round and a CB in the second. Then do the exact same thing next year. The odds are good we would greatly improve our WRs, o-line and defensive backfield in two years. We can start Frank Alexander opposite CJ.

Posted by: Dom | Mar 4, 2014 2:32:57 PM

We should seriously pick up Incognito for the league minimum. It's a can't miss.

Posted by: tony clifton | Mar 4, 2014 3:33:37 PM

Incognito? Really? Can't miss his car with a bat maybe. Who needs that?

Posted by: Chris | Mar 4, 2014 4:06:04 PM

The comments to this entry are closed.

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