Julius Peppers received offers last year mid-summer from the Panthers to stay, supposedly ranging in the $13-14 million range, which isn't unexpected. However, the Panthers apparently did take one more stab at Peppers before letting him walk by not placing a contract tender on him.
That contract was expected to be in the $14 million range, with more bonus money up-front than before. That deal is short of the Albert Haynesworth deal, a deal largely considered a 4 year deal with tons of dummy money on the back end.
Peppers hits free agency this Friday.