Greg Olsen restructured his contract today, providing $2.4 million in
cap relief this year.
The team took $3 million of salary and spread it across the remaining
years of his contract.
I had Carolina at $6.7 million on 2/20. That would put Carolina at
$4.3 million adding Olsen's restructure, and about 3.7 million including
the still under-reported Haruki Nakamura restructure.
The Observer claims $6.6 million as of right now.
Either way, as of yet, no one's actually been released. Ron Edwards
will inevitably be released, along with $2.5 million total savings.
There's yet to be any news on moves with Jordan Gross (salary $8.7
million, cap hit $11.7 million) or Chris Gamble ($7.95 million salary,
cap hit $10.95 million). Either could be restructured or cut; I don't
buy that Gamble is an automatic cut.
Either player could provide more than enough cap space if cut, but
either would also require a lot of resources to replace. I'd prefer a
restructure and added years on both players, personally.