• 55°

Panthers rework McCaffrey and Thompson contracts, free up $11M under cap

The Panthers have restructured the contracts of running back Christian McCaffrey and linebacker Shaq Thompson, freeing up more than $11 million in salary-cap space before the start of free agency.

The moves leave the Panthers about $30 million under the salary cap, but the team has roughly $17 million of that pegged to sign draft picks and to have on hand for the start of the season for additional moves. That leaves Carolina with $13 million to spend in free agency.

Panthers coach Matt Rhule does not expect the Panthers to be big spenders in free agency after using the franchise tag on offensive tackle Taylor Moton on Tuesday. Moton will cost the Panthers between $13 and $14 million under the salary cap if he doesn’t sign a long-term contract before July 16.

Carolina’s key unrestricted free agent is versatile wide receiver Curtis Samuel. While he is a player Rhule would very much like to have back next season, he said he’s unsure of that given cap restraints for the 2021 season; the cap has been reduced by about $16 million.

“It’s a reduction from last year but also a reduction on how you were planning,” Rhule said. “That is what is making (teams) make really tough decisions.”

The Panthers were notified by the league they will receive two sixth-round compensatory draft picks this year.

READ ABOUT MORE SPORTS NEWS HERE.

News

Fatality reported in Southern Shores incident involving pedestrian and motor vehicle

News

Cooper and Cohen tour Kill Devil Hills vaccine clinic

Lifestyles

High school seniors honored with NCCF Coastal Stewardship Awards announced

News

Mega Millions ticket sold online in North Carolina wins $1 million prize

News

NC State researchers predict 2021 hurricane season will be active

Crime

FBI increases reward for information on deaths of three women in North Carolina

Crime

Former Ft. Bragg private sentenced to over 12 years in prison after taking minor across state lines in fake kidnapping

News

Construction accident at old Bonner Bridge demolition site results in death

News

Former North Carolina Gov. McCrory enters US Senate race

News

Nags Head commissioners approve text amendments to UDO

News

State and local COVID-19 update

News

Coast Guard Air Station Elizabeth City hoists two people stranded in marsh near Mockhorn Island, Virginia

News

Interstate 85 Welcome Center, rest area near Virginia state line closed for renovations

Crime

Driver faces multiple charges after child struck, killed in North Carolina

News

Dare commissioners take next step in Home Health and Hospice process

Crime

North Carolina man sentenced to 18 years in prison for drug, firearm charges

Hyde

Ferry routes between Swan Quarter, Cedar Island and Ocracoke resume service, dredging continues

News

NCDOT to install temporary zipper merge in Carteret County

News

Court rules Duck beach access is private

News

Wake County won’t pursue criminal complaint of Louis DeJoy

Lifestyles

Lineman Appreciation Day recognizes critical role

News

Halifax County man becomes latest Millionaire Maker top prize winner

Crime

North Carolina sheriff’s office identifies two found dead; foul play suspected

Crime

North Carolina man sentenced to prison, ordered to pay over $6 million in restitution for wire fraud