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Charles Godfrey takes a big pay cut to stay with Panthers

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As Panthers General Manager Dave Gettleman begins to remake the team in his own image, a lot of the guys who got contracts from the old G.M. are getting pay-cuts.

The latest is safety Charles Godfrey. According to Field Yates of ESPN.com, Godfrey has taken a massive pay cut, dropping his base salary from $5 million to $750,000. He can still make $1.7 million of it back in per-game bonuses.

The deal was a no-brainer on several levels, primarily because Godfrey has no leverage after tearing his Achilles last year and then watching the team bring in Thomas DeCoud and Roman Harper.

Like running backs DeAngelo Williams and Jonathan Stewart, Godfrey chose to stay for less, and his decision created around $4 million worth of cap space for the Panthers, which they needed.

The one wild card in this situation that could benefit Godfrey is their lack of depth at cornerback. He played there at Iowa before converting to safety, and there’s some thought inside the building that he could play as a nickel back after the departure of Captain Munnerlyn.

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10 Responses to “Charles Godfrey takes a big pay cut to stay with Panthers”
  1. dalcow4 says: May 6, 2014 2:54 PM

    All NFL players should get as much as they can whenever they can– because sooner or later they will go from well-paid to “take this or get cut”.

  2. my1voice57 says: May 6, 2014 2:56 PM

    Smart move for all concerned. Now let’s see what we can do with Charles Johnson’s contract and getting a long-term deal done with Greg Hardy. The team will be in much better “cap-shape”.

  3. vikesr4reel says: May 6, 2014 3:00 PM

    Poor guy is really down on his luck getting stuck on that team..

  4. dubsix32 says: May 6, 2014 3:07 PM

    Happy to see he wanna stay with the team in not like them fake ones that didnt wanna stay with the team happy to see you back CG!

  5. natureboy704 says: May 6, 2014 3:21 PM

    You mean getting “stuck” to play for a team that went 12-4 and won the division, yea that sounds terrible

  6. madenatewell says: May 6, 2014 7:53 PM

    If only this could’ve happened in February…maybe Mike Mitchell, Cap, LeFell or Ginn could’ve stayed…ohwell, glad he’s still on they team and wasn’t a casualty

  7. madenatewell says: May 6, 2014 7:56 PM

    Also “vikesr4reel” come back when you have a team, not just AP…also remember that 35-10 beat down we handed you last year? I do.

  8. bornahawker says: May 7, 2014 12:37 AM

    Godfrey is a solid corner. He will rebound and earn the bonus’. Go Hawks!

  9. motsuret06 says: May 7, 2014 8:07 AM

    This is not the same team that went 12-4 and imploded in the playoffs. This team is a shell of what it once was. Godfrey did not have much choice …either take a pay cut or be cut. He still could be cut if he is not back from injury. Gettleman has a plan…to go 4-12 in 2014

  10. darrellpotts2014 says: May 8, 2014 12:00 AM

    We are building a strong secondary. Similar to the Seahawks, but not as talented or as young. However, the experience and familiarity with division opponents will be the key factors of the Panther’s secondary being successful this year. There are also a number of talented receivers in the NFC. We need DBs and safeties who can compete while playing smart.

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