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.