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Panthers Restructure Charles Johnson's Contract

For the second year in a row the Panthers have restructured Charles Johnson contract to save cap space.

Cliff McBride

Carolina Panthers restructure Charles Johnson’s contract to gain cap room |
It’s a standard restructuring that drops Johnson’s base salary to $950,000 and converts the remaining $7.8 million to a signing bonus that is prorated over the final three years of the contract, according to a league source. The restructuring creates $5.2 million in cap space for Carolina. Johnson’s cap figure goes from a team-high $16.4 million to $11.2 million.

That puts the Panthers at least $10M under the cap. Now lets see what they do with it.