Newly hired GM Dave Gettleman is at it again, but this time he's restructured a contract for a player that many of us thought would be an outright cut.
According to a report from Shutdown Corner, FS Haruki Nakamura has agreed to take a pay cut in order to remain on the roster for the 2013 season.
Here are the details of the restructured deal, according to the report:
Originally scheduled to earn $1.3 million in non-guaranteed base salary this season, Nakamura will now earn $815,000 in total cash compensation if he makes the Panthers' 53-man roster. As part of the restructured contract, Nakamura received a $65,000 signing bonus, which is the only portion of the new deal that is guaranteed, and could earn a $35,000 workout bonus this offseason. Nakamura is scheduled to earn $715,000 in base salary with an additional $300,000 in available playing-time incentives.
The new contract lowers Nakamura's cap hit by $517,500 with the trade-off being that the 2014 year in his contract, which saw his $1.8 million base salary reduced to $730,000, will void if Nakamura is on the roster five days after Super Bowl XLVIII, making him eligible for free agency next offseason.
If there is a downside to this restructure, I have yet to find it. This keeps a quality special teams player on the roster for the 2013 season, and it allows Nakamura to impress teams (including the Panthers) so that he could potentially find work starting in 2014, assuming his contract does void (which I'm certain it will).
As always, stay tuned to CSR for any breaking news about additional roster moves that may occur.
Hat tip to NX75649 who posted a link to the Yahoo! story in a fan shot.