Panthers Save $4.26 Million in Cap Space With Charles Johnson Restructure

It appears as if the Carolina Panthers have restructured the contract of DE Charles Johnson late last week, converting his remaining base salary into a prorated bonus.  Johnsons salary was reduced from $6.75 million to $715,000 for the remainder of the season. Johnson’s new salary cap number is $8,740,000 which amounts to $4.26 million in savings.

The restructure will increase his cap figure in 2014 to $16.42 million and his dead money to $16.26 million. In 2015 his dead money increased from $6 million to $8.84 million while his cap rises to $17.42 million.

If I hear anything else on the contract and why they needed the extra cap space I will pass it along.

View Charles Johnson’s Contract and Salary Cap Page

View Charles Johnson’s Financial Report

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