The Panthers and Charles Godfrey have reworked the safety’s contract, and the new 2014 amount represents a significant pay cut for Godfrey. Field Yates of ESPN.com reports that Godfrey’s base salary has been reduced from $5MM to $750K, creating more than $4MM in cap savings for Carolina (Twitter links).
Godfrey, 28, was sidelined for most of the 2013 season after tearing his Achilles in Week Two. His new 2014 salary also includes up to $1.7MM in per-game roster bonuses, per Yates. Most of that amount won’t count against the cap, since the fact that Godfrey only appeared in two games last season means the bonuses are considered unlikely.
As for the rest of the veteran safety’s contract, there’s no indication that the remaining years have been altered — Godfrey has cap hits of $7.1MM and $6.4MM in 2015 and 2016.