As we found out earlier today, the Panthers restructured the contract of linebacker Thomas Davis, but that doesn’t appear to be the last of their moves. The team had also restructured the contracts of center Ryan Kalil and running back Jonathan Stewart, reports Brian McIntyre (both reports via Twitter).
As McIntyre points out, Kalil, a seven-year veteran, had his salary reduced from $4.75MM to $855K, with the rest being converted to his signing bonus. Kalil’s cap number was previously worth $10.4MM, McIntyre tweets, and the reduction to a $7.28MM hit will save the Panthers more than $3MM next season. Kalil is a four-time Pro Bowler.
Stewart’s $1.5MM salary has been reduced to $785K, with the remainder being added into the player’s signing bonus. The new value of the signing bonus is $7.5MM, tweets McIntyre, which will be prorated over five seasons. This lowers Stewart’s 2014 cap hit by just under $1MM.