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Panthers Restructure DE Charles Johnson’s Contract, Free Up $5M In Cap Space

 

Joe Person of the Charlotte Observer reports that the Panthers have restructured the contract of DE Charles Johnson to free up some extra cap space.

According to Person, Carolina dropped his base salary to $950,000 and converted the remaining $7.8 million to a signing bonus that is prorated over the remainder of the contract.

This move frees up $5.2 million in available cap space for the Panthers as it drops Johnson’s cap figure from $16.4 million to $11.2 million.

Person adds that the final two years of his contract remain untouched.

Johnson, 28, is entering the fourth year of his six-year, $72 million deal that included $32 million guaranteed. Last year, he appeared in 14 games and recorded 31 tackles, 11 sacks, a forced fumble and a recovery.