It has been a busy off season for the Carolina Panther’s with many changes being made in the front office. Now with a new general manager and the coaching staff starting to be finalized, it was time for the Panthers to get to business.
The Panthers are said to be wanting to free up money and funds to upgrade the stadium. So while traveling to Raleigh searching for the funds, the team announced that they have restructured the contracts of Ryan Kalil and Jonathan Stewart.
Kalil’s new contract alone has freed up $3.45 million in the Panther’s budgets. Meanwhile, Stewart’s new contract won’t free up any space for the team, it actually raises his cap in his contract.
Both Kalil and Stewart missed multiple games last year from injuries. Kalil had foot surgery and missed eleven games while Stewart missed seven games for multiple ankle issues.
According the Observer, the Panthers have $9.6 million already in pro-rated bonus funds for DeAngelo Williams. If they are to cut him by June 1, the Panthers would split that over the next two consecutive years leaving $3.2 million going towards this year’s caps and $6.4 million in dead money for 2014.