Panthers Make Out Great In Beason Deal
I am going to be honest here. I knew Jon Beason’s contract was terrible. We can thank Marty Hurney (and maybe the Big Cat) for that. But, I didn’t think the Panthers were in a position where they could get him to restructure it.
I thought that would be next year when for the first time, they could cut him and SAVE money. According to SPOTRAC.com, if they would have cut him before restructuring the deal, they would have taken a $2.5 million cap hit. And then next year they would have SAVED $2.75 million. I would have just waited. Give him one more chance to prove he can stay healthy.
It appears the Panthers didn’t want to wait and pay him a $5.2 million salary. Joel Corry is a former agent and cap specialist. He told me he thinks this was a case of the Panthers telling Beason “redo it or you will be released.” If so, Beason probably realized there are no guarantees of what a LB who has missed 27 of the last 32 games will get on the open market. Plus, Beason seems to really like Carolina and his teammates.
As a result, Beason allowed the Panthers to lower his salary by over $4 million. He can earn almost $2 mill of it back if he plays all 16 games. They linked his money to his health. It is a great move by the Panthers. And, it was cool of Beason to take less money and not dare the Cats to cut him.
The Panthers are now roughly $13 million under the cap after starting the offseason at $16 million over. They can use some of that on free agents like Travelle Wharton or Quintin Mikell. They could give Greg Hardy a new deal. Or, they could let that carry over to help with the cap mess and a new Cam deal next year.
It’s still a make or break season for Beason. It just won’t break the Panthers as much to pay him.
CLICK HERE to read Colin Hoggard’s take on Beason’s Dead in “After Restructuring Contract, Beason Deserves Praise” Post.