Panthers free up $3.2 million in cap space
The Panthers technically gave Williams a two-year extension (through 2017). But that really is only for accounting purposes because the final two years of the deal void if Williams is on the roster on the fourth day of the 2016 league year.
The Panthers dropped Williams' 2013 cap figure from $8.2 million to $5 million by cutting his base salary from $4.75 million to $850,000. But Williams was given a $4 million signing bonus for restructuring.
The Panthers also lowered Williams' future salary-cap hits. They dropped his 2014 cap figure from $9.2 million to $6 million by cutting his base salary from $5.75 million to $1.85 million. Williams' 2015 cap figure has dropped from $10.2 million to $6.33 million. His scheduled $6.75 million base salary for 2015 has dropped to $1.85 million.
Although the restructure makes it easier to keep Williams on the roster, the new deal could make him more attractive to another team in a trade. There has been speculation that Williams could be available in a trade.
Final Green Bay 38 Chicago 17 Final Buffalo 17 Houston 23 Final Tennessee 17 Indianapolis 41 Final Carolina 10 Baltimore 38 Final Detroit 24 New York 17 Final Tampa Bay 27 Pittsburgh 24 Final Miami 38 Oakland 14 Final Jacksonville 14 San Diego 33 Final Atlanta 28 Minnesota 41 Final Philadelphia 21 San Francisco 26 Final New Orleans 17 Dallas 38