Panthers to Take Cap Hit for 2010 "Veteran Purge"

Reports have surfaced that during the Owners' Meetings last week, Jones and Snyder petitioned the league to penalize other teams for taking advantage of the 2010 uncapped year. Specifically, they called out the Panthers for dumping salaries and bonuses to free cap space by releasing a large number of veteran players; what we know as "the purge." Having seen their respective teams receive substantial cap penalties for front-loading contracts, the two joined forces to confront the League, demanding what they deemed "fair and equitable" treatment. More after the jump...

According to NFL's Michael Lacanfora, the league owners voted on the measure, and deemed that it had merit. The Panthers, along with several other teams (including the Bucs), were hit with a $10 million salary cap reduction, which can be spread over the next two years. J.R was incensed and, according to Jason Lombardi, strenuously objected and vowed to appeal. If upheld, the cap reduction would seriously handicap the Panthers' rebuilding effort, given they are so close to the existing cap already.

The appeal was presented to the league office on Friday, and the new cap reductions were ruled as "warranted but excessive." News released today from the league office indicates that the cap reduction has been revised to $10, but must be applied this season.

You're G@ddamned right I ordered the purge. I'm still pissed, but I can live with it. Jerry and Dan are total f##king Mega-douche Primes - - J.R.

Neither Snyder nor Jones would answer their phones.

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