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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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