I’ve got the full breakdown of the contract extension safety Charles Godfrey signed with the Panthers the day before the season started.
GodfreyGodfrey is now under contract through 2016. He received a $5 million signing bonus, but the Panthers were able to keep his salary-cap figure for this year ($1.8 million) relatively low by reducing his base salary from $1.2 million to $600,000.
Godfrey also is scheduled to earn a $5 million option bonus in 2012 when his base salary will be $700,000. His base salary starts to climb significantly in 2013 when it goes to $1.6 million. But the real jump comes after that.
In 2014 and 2015, Godfrey will have a $5 million base salary for each season. In 2016, his salary rises to $5.5 million. The deal also includes a $100,000 workout bonus for each year, starting in 2012.
Godfrey also will receive a $100,000 bonus in any season that he makes the Pro Bowl.