Friday, February 15, 2013
Center Ryan Kalil, signed to a new deal in 2011, has restructured his deal.
He’s moved $4.75 million in salary and added it to a workout bonus, to move $5 million across four years. It adds to a 2013 option bonus of $4 million that will count against this year and future years. The net savings is $2.2 million. It increases future years’ total cap hit by $1.8 million per year. Any cap acceleration would cost $5.65 million per year through 2015, plus another $4 million total through 2017.
ESPN currently suggests that the move leaves the team at $131 million, but in this prior article:
ESPN states it was already at 131.7 million. Which would currently drop Carolina to 129.5 million.
Either way, the team has the need to get to $120 million. The team also needs $4.3 million for draft picks, at the very least; that goes without any replacement players.
I’m honestly a bit surprised that new GM Dave Gettleman is employing such a tactic first, before looking at more friendly contracts. In looking at 2013 and 2014, I really had not considered Kalil’s contract one that needed immediate manipulation, and he didn’t take a pay cut. He wasn’t going to be cut. So it’s an odd place to start. But, it’s a start.