• Greg Olsen restructures contract with Panthers

    Summary of 4 articles · Updated Mar 1, 2013
    Olsen is coming off the best season by a tight end in Panthers' history. Panthers tight end Greg Olsen is the latest player to restructure his contract to help his team free up some cap space. The Panthers dropped Olsen’s base salary from $3.75 million to $750,000, but gave him a $3 million bonus. With the cap expected to be at $123 million, according to an NFL.com report, Olsen's restructuring leaves the Panthers approximately $6.6 million over the cap. Olsen becomes the fourth player to restructure his deal this offseason, joining center Ryan Kalil, running back Jonathan Stewart and free safety Haruki Nakamura. It’s still unclear how much more the Panthers have to trim to get under the cap. Carolina likely will restructure more contracts and cornerback Chris Gamble and defensive tackle Ron Edwards are likely to be released to free up cap room.
    • Carolina Panthers cut Ron Edwards, restructure Greg Olsen’s deal

      After a relatively quiet offseason, the Carolina Panthers got busy trying to get under the salary cap Friday, cutting aging and oft-injured defensive tackle Ron Edwards and restructuring tight end…Click to Continue »
    • Panthers closing in on cap

      It’s not as dramatic as the major releases the Atlanta Falcons made Friday morning, but the Carolina Panthers are working toward getting under the salary cap. They have restructured the contract of safety Haruki Nakamura to free up about $500,000. They
      Source: ESPN.com

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