The Carolina Panthers are making money moves. Earlier this week, they released four veterans: defensive tackle Kawann Short, free safety Tre Boston, defensive end Stephen Weatherly and punter Michael Palardy. Those cuts freed up around $20 million more in salary cap space for the 2021 season.
They’re not done yet, either. According to a report by Field Yates at ESPN, Carolina has converted most of starting center Matt Paradis’ salary this year into a signing bonus, creating $4.69 million more in cap room.
The Panthers have converted $7.04M of C Matt Paradis' $8.03M base salary in 2021 into a signing bonus, creating $4,693,334 in cap space.
Carolina continues to create cap space to be aggressive this offseason if it so chooses…
— Field Yates (@FieldYates) February 20, 2021
Paradis had a rough 2019 season that may have been affected by his recovering from a broken fibula the previous year. He bounced back in 2020 though and it makes sense to keep him around as the team’s No. 1 center, especially considering every other starting offensive lineman is about to become a free agent. Paradis has one year left on his current deal.
Carolina should now have around $35 million in cap space.
