PANTHERS RESTRUCTURE XAVIER WOODS CONTRACT

The third restructure this season has taken place. Behind Taylor Moton and Austin Corbett, the Panthers have now restructured Xavier Woods. As far as Cap money is concerned it is relatively small....about 2.0 Mil, but it's another step along the way.

PANTHERS WIRE:  Panthers Restructure Xavier Woods Contract

The third restructure this season has taken place. Behind Taylor Moton and Austin Corbett, the Panthers have now restructured Xavier Woods. As far as Cap money is concerned it is relatively small....about 2.0 Mil, but it's another step along the way.

PANTHERS WIRE:  Panthers Restructure Xavier Woods Contract

Every little bit helps, and I appreciate these guys for allowing it to happen.  It's taking money away from them that, by all rights, they are entitled to, so good for them to work with the team to help make it a better place to play.

The third restructure this season has taken place. Behind Taylor Moton and Austin Corbett, the Panthers have now restructured Xavier Woods. As far as Cap money is concerned it is relatively small....about 2.0 Mil, but it's another step along the way.

PANTHERS WIRE:  Panthers Restructure Xavier Woods Contract

Every little bit helps, and I appreciate these guys for allowing it to happen.  It's taking money away from them that, by all rights, they are entitled to, so good for them to work with the team to help make it a better place to play.

Agreed, however I read somewhere that when a restructure is done, it’s basically transformed into a signing bonus, which doesn’t effectively hurt the cap as much I suppose.

The third restructure this season has taken place. Behind Taylor Moton and Austin Corbett, the Panthers have now restructured Xavier Woods. As far as Cap money is concerned it is relatively small....about 2.0 Mil, but it's another step along the way.

PANTHERS WIRE:  Panthers Restructure Xavier Woods Contract

Every little bit helps, and I appreciate these guys for allowing it to happen.  It's taking money away from them that, by all rights, they are entitled to, so good for them to work with the team to help make it a better place to play.

Yup.  It’s not all big chunks.  Definately a situation when player helps team.  Love em for it.

Maybe this helps a little...

So whenever you hear that a player “restructured” don’t automatically assume they took any less money than they originally signed for. They are most likely getting every last penny they were originally scheduled to make, and most of the time now it’s in the form of guaranteed money. Don’t think the teams are in trouble either, even with huge cap hits on their horizon, their financial wizards will always have a plan to work those out

QUICKLY HERE....

As First alluded to.... A "restructure" does NOT mean the player is getting less money. A contract would have to be completely rewritten to get the actual money amounts changed. In other words, the structure, the skeleton, of the contract is changed. The way the money is paid is changed. The actual money involved stays the same. (Almost always..).

There are a few different ways "restructures" happen, but usually.... Yearly salaries are reworked and called "bonuses". Bonuses are advantageous to the player AND sometimes to the club (Like Now..). If 'salary' is converted to 'bonus' it becomes "guaranteed", which of course benefits the player. Bonuses are payable immediately upon execution of the contract as long as the terms are met. Once again this benefits the player.  HOWEVER.... The "Bonus" amount is prorated over the life of the contract or 5 years whichever is less. So this means (for example) a player who has a 20 Mil salary coming this year could be restructured to a "Bonus" and the 20 Mil would be spread out over five years. This would effectively reduce the cap hit this year to 4 Mil and thereby 'save' the team 16 Mil against the cap (for this year..).  Of course.... If there is only 3 years remaining on the contract, the bonus would be spread over those 3 years instead of 5 years.

So.... It saves the team money against the cap right now,  BUT it makes the amount guaranteed while spreading it out over a few years.  Also... Disadvantage because you're pushing the accounting for the money down the road, it impacts the cap for future years.  Teams usually accept that risk because the annual "cap" goes up each year (WELL...almost always..). The COVID years really shut down the teams and consequently the cap regressed some.  But the teams plan on it going up....

This is all just my understanding... I could be wrong..!! 

The Panthers parted ways Friday with a player who fell out of the defensive plans last year.
The team released linebacker Damien Wilson, clearing some needed salary cap room in the process.