According to a report from Darin Gantt at Pro Football Talk, Panthers free safety Charles Godfrey has agreed to a drastic reduction in salary to remain in Carolina for the 2014 season. The details of the new deal are below:
According to Field Yates of ESPN.com, Godfrey has taken a massive pay cut, dropping his base salary from $5 million to $750,000. He can still make $1.7 million of it back in per-game bonuses.
This move saves the Panthers approximately $4 million in cap space and allows them to keep one of their best players from last year's secondary unit. Godfrey ruptured his achilles in the team's Week 3 loss to Buffalo last year, causing him to miss the remainder of the season. Despite the injury, he should be ready to go by training camp in July.
Provided his achilles allows him to play in 2014, Godfrey could move around in the secondary since he does have experience playing cornerback from his days at Iowa. It's possible that Godfrey could fill the void at nickel corner that was created when the team lost Captain Munnerlyn to free agency, especially since they've also added two safeties to the roster in former division rivals Roman Harper and Thomas DeCoud.
However, the most important aspect of this deal is that it means my Charles Godfrey autographed foam football retains its value and I don't have to stuff it in a closet with my Todd Sauerbrun and Jason Baker stuff, so at least that major crisis was averted.