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Greg Hardy will get up to $1.3 million advance for participating in offseason program

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When Panthers defensive end Greg Hardy pounced on his one-year, $13.1 million franchise tender, he left open the possibility of staying away from voluntary offseason workouts for leverage in talks toward a long-term deal.

He won’t be staying away, and the Panthers have given him $1.3 million reasons to show up.

Per a league source, the Panthers and Hardy have agreed to formula pursuant to which Hardy can earn an advance of $1.3 million by showing up for the full offseason program.  Hardy will get paid by the week throughout the offseason program.

Absent such an arrangement, Hardy wouldn’t have gotten any of his $13.1 million until September.  So he can make roughly 10 percent of his 2014 salary now, simply by doing that which he already had an incentive to do — prepare to have a monster season in advance of hitting the market.  (Unless, of course, the Panthers choose to tag him again in 2015, at $15.72 million.)

For a guy who completed a slotted sixth-round contract, $1.3 million matches the most he has made in any of his four NFL seasons.

It’s technically a restructuring of Hardy’s contract.  A second restructuring will be permitted only if the cap number goes down or stays the same, which won’t be an issued if/when a long-term deal is negotiated.  Typically, franchise players see their cap numbers drop when a long-term deal is signed, thanks to the proration of signing bonus money.

Hardy and the Panthers have until July 15 to strike a long-term contract.  Otherwise, he will play in 2014 under the one-year franchise tender.

The deal makes plenty of sense.  The Panthers will have him present for the offseason program, Hardy will be preparing for the season, he’ll get a nice chunk of money now in order to do so, and he’s ultimately protected against any injury that could happen in the offseason because his full $13.1 million salary is guaranteed.

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7 Responses to “Greg Hardy will get up to $1.3 million advance for participating in offseason program”
  1. 700levelvet says: Apr 28, 2014 6:35 PM

    I’m going to ask my employer for 25 grand just to drive to work everyday … First thing on the morning,

  2. sandersmarcus10 says: Apr 28, 2014 6:36 PM

    Smart to sign tender, its logic you made $650k to $760k now you can make $13.1M and get an advance of $1.3M for working out, there is nothing to complain about!

  3. natijim235 says: Apr 28, 2014 6:40 PM

    wow – not bad if you can get a bonus of 1.3mil for showing up

  4. darrellpotts2014 says: Apr 28, 2014 6:45 PM

    He should want to come to workouts on his own…not saying he does not. However, the Panthers should pay him bonuses based on sex interceptions and tackles for loss if they’re not already. Performance pay works best for Hardy

  5. pantherfan40 says: Apr 28, 2014 9:05 PM

    the beast , the legend ………………… THE KRAKEN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ….. KEEP POUNDING .

  6. Pittsburgh Steelers says: Apr 28, 2014 10:02 PM

    Six rings.

  7. jgedgar70 says: Apr 29, 2014 12:47 PM

    Hopefully we get him locked down long term and get Johnson’s ridiculous contract restrctured. Those things would go a long way to getting us out of Hurney’s cap jail.

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