The Carolina Panthers need to hack a few million dollars off their payroll to sneak back under the NFL's salary cap, and starting center Ryan Kalil is doing his part, agreeing to restructure his contract in a way that will save the franchise a little over $2 million in 2013, according to a report from ESPN.com's Pat Yasinskas on Friday.
Ryan Kalil contract: Panthers C restructures deal to open cap space
Kalil’s new deal gives Carolina a bit of much-needed breathing room as they try to dive under the salary cap.
Al Messerschmidt
Yasinskas writes that Kalil will receive a $5 million signing bonus for doing the deal, which is going to drop his impact on the salary cap from $8.6 million to $6.4 million in 2013, with his salary changing from $4.75 million to $750,000 for the upcoming season.
With the salary cap anticipated to hover a little above $120 million for NFL teams, the move now has the Panthers paying out around $131 million, so more needs to be done for Carolina to get under that ceiling, but Yasinskas notes that the team will likely be doing more restructuring or flat-out releasing in order to get there.
Kalil, the five-year veteran from USC, played in only five games in 2012 for the Panthers after being placed on the team’s injured reserve list with a foot injury in October.
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