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Panthers | Restructure DeAngelo Williams' deal

The Carolina Panthers restructured RB DeAngelo Williams' contract. He was in the third season of a five-year, $43 million contract and was scheduled to earn $5 million with an $8.2 million salary cap number for 2013. Williams will still receive $5 million in cash this year, but the deal has been restructured in a way that reduces his cap number to $5 million, a cap savings of $3.2 million that leaves the team $8.46 million under their adjusted 2013 salary cap number of $126.232 million. Williams was scheduled to earn $4.75 million in non-guaranteed base salary with a $250,000 workout bonus this season. Under the renegotiated contract, Williams' base salary was lowered to $850,000 and his workout bonus reduced to $150,000. The remaining $4 million was converted to a signing bonus, which will be prorated against the Panthers' cap at $800,000 per season through 2017.

2013-05-15 06:07:24 | Source: Yahoo! Sports - Brian McIntyre

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