Greg Hardy

Greg Hardy Signs Franchise Tender

Panthers defensive end Greg Hardy has become the first of this year’s franchised players to sign his one-year tender, reports Mike Florio of Pro Football Talk. By inking the one-year franchise deal, Hardy will be guaranteed a $13.116MM salary for the 2014 season, barring a long-term deal that shifts some of that money around.

Signing the franchise tender doesn’t preclude Hardy and the Panthers from negotiating a multiyear agreement at some point over the next few months. In fact, it may give the team more incentive to do so, in order to reduce the star pass rusher’s $13MM+ cap number for 2014.

Because he has signed the tender, Hardy can no longer negotiate with rival suitors in free agency, while the Panthers can no longer rescind their franchise offer. Essentially, Carolina and Hardy are down to three options: Hardy playing out the 2014 season on this one-year deal, the two sides working out a long-term agreement, or the team trading him.

Panthers Use Franchise Tag On Greg Hardy

3:52pm: The Panthers have officially placed the franchise tag on Hardy, according to a team release.

“The franchise mechanism gives us time to secure the services of a very good player while we continue to look at the future of Greg with the Carolina Panthers,” GM Dave Gettleman said in a statement. “We have had great dialogue with both Greg and his agent. It was important to keep our defensive front together.”

3:01pm: The Panthers have notified defensive end Greg Hardy that they’ll use the franchise tag on him prior to Monday’s deadline, reports Mike Florio of Pro Football Talk (via Twitter). The designation will keep Hardy from becoming an unrestricted free agent if the two sides haven’t reached a longer-term agreement by March 11.

Hardy, considered one of the top free agents available this offseason, if not the very best, has been engaged in talks with the Panthers about a long-term deal, and those talks will to continue, tweets Joseph Person of the Charlotte Observer. Last month, Hardy expressed a willingness to give the team a “small” discount, but it will still take a significant commitment to keep him in Carolina on a multiyear deal.

The 25-year-old has racked up 26 total sacks in the last two seasons, and ranked as the third-best and sixth-best 4-3 defensive end in those two years, according to Pro Football Focus’ metrics (subscription required). Charles Johnson is on a six-year contract with the Panthers worth $76MM, and it wouldn’t be surprise if Hardy’s price tag approaches that neighborhood.

With Monday’s deadline looming, teams are starting to make decisions on their franchise players. Besides Hardy, Jimmy Graham is on track to be designated as a franchise player by the Saints, and kicker Nick Folk has already received the Jets’ tag.

Cohen Predicts Where Top Free Agents Land

Andrew Cohen of OverTheCap.com has been following free agency very closely, giving updates on the cap situations of every NFL team and details on current player contracts. Earlier today, he took a break from crunching numbers to examine the possible destinations on some of the league’s top free agents. After outlining the effective cap space of each NFL team, which takes into account the amount of money they would have to pay their draft selections, he shows a picture of where some of the biggest names could land.

Of his top ten free agents, he sees more than half of them returning to their teams in 2014, either via long-term contract or because of the franchise tag. Some of those players we already thought would end up with extensions or playing next year under the tag,

However, he does see a few key players changing uniforms this offseason, finding some big money with a new franchise:

  • Cohen predicts Panthers‘ star Greg Hardy finding a team that run a 4-3 defense and has some cap room, such as the Raiders or Jaguars.
  • The top receiver this offseason, Eric Decker has already been linked to Cleveland by Cohen earlier this offseason, and the Browns are still thought to be a front runner for his services, along with the Jets.
  • Bengals‘ pass rusher Michael Johnson played under the franchise tag in 2013, and is unlikely to be tagged again. Cohen could see the Falcons cutting Osi Umenyiora and plugging Johnson into his role.
  • Because of the Steelers‘ cap woes, Cohen does not think they will have the opportunity to offer Jason Worilds a contract comparative to what he would get on the open market. For that reason, he sees the pass rusher leaving for greener pastures. According to Cohen he might not have to leave the state, as he sees the Eagles 3-4 defense as a perfect landing spot for the outside linebacker.

NFC Notes: Orton, Saffold, Hardy, Palmer

Kyle Orton has a year remaining on his contract with the Cowboys, but the team isn’t entirely sure that he’ll be back for the 2014 season, Clarence Hill and Charean Williams of the Fort Worth Star-Telegram hear from executive VP Stephen Jones and multiple sources. Orton is mulling the idea of retiring, and figures to make his decision before the new league year begins on March 11. If the Cowboys’ backup does call it a career, quarterback will become an even stronger area of focus for the club in free agency and the draft.

Here’s more from around the NFC:

  • The Rams will meet with Rodger Saffold‘s agent tomorrow to discuss a new contract for the offensive tackle, tweets Jim Thomas of the St. Louis Post-Dispatch.
  • Speaking to the NFL Network about free agent defensive end Greg Hardy, Panthers head coach Ron Rivera said that GM Dave Gettleman told him they’re working to get something done with Hardy (Twitter link via Joseph Person of the Charlotte Observer).
  • Cardinals head coach Bruce Arians told reporters, including Josh Weinfuss of ESPN.com (Twitter link), that he thinks quarterback Carson Palmer can play until he’s 36 or 37. That would mean another two or three seasons for the Arizona signal-caller.
  • The 49ers haven’t had trade discussions involving LaMichael James, according to GM Trent Baalke, who says the running back will “continue to be a 49er” (Twitter link via Matt Barrows of the Sacramento Bee). A report earlier this month indicated James could be on the trade block this offseason.
  • We rounded up several NFC East items earlier today.

Panthers Rumors: Gross, Hardy, Draft

With the combine now underway in Indianapolis, we’ve covered a significant number of the NFL’s 32 teams in at least one of our Thursday posts, but we’ve yet to mention the Panthers at all today. Let’s remedy that, and check out what GM Dave Gettleman had to say about the team’s offseason during his media availability….

  • Offensive tackle Jordan Gross has had two lengthy conversations with Gettleman since the season ended, but remains undecided on whether or not he’ll continue his playing career, writes Joseph Person of the Charlotte Observer. Gettleman, who will speak to Gross again when he returns from an Idaho ski trip within the next few days, said that the veteran lineman has “earned the right” to take his time to make a decision on his future, though if he decides to return to Carolina, there will be salary cap ramifications for the team to consider.
  • Within the same piece, Person writes that the future of longtime Panthers receiver Steve Smith is “part of the evaluation process,” according to Gettleman. The GM hasn’t had any conversations with Smith about the possibility of retirement.
  • Asked about free-agent-to-be Greg Hardy, Gettleman pointed to the Panthers’ cap constraints and suggested that the team will be very careful about committing big money to its standout defensive end, either on a long-term deal or via the franchise tag. Jonathan Jones of the Charlotte Observer has the GM’s quotes.
  • Person got the impression from listening to Gettleman that the Panthers will be more inclined to sign one-year contracts than multiyear deals going forward (Twitter link).
  • Gettleman warned against tying the Panthers to a specific player or position in mock drafts, telling reporters, including Ian Rapoport of NFL.com (Twitter link), that the club will take the best player available in May.

NFC South Links: Franchise Tag, Combine

PanthersGreg Hardy‘s impending free agency has been at the forefront of conversation in the NFL world these past few weeks, and Joe Person of the Charlotte Observer added to the chatter today, writing that while they want the star pass rusher back, applying the franchise tag on him would eat up all of the team’s remaining cap room. David Newton of ESPN.com agrees that it isn’t about whether the Panthers would like to, but instead whether they could afford to. Unless they can come to a long term agreement quickly, it seems more and more likely that Hardy would be able to reach unrestricted free agency. Here are some other links from around the NFC South:

  • While Hardy, Captain Munnerlyn, and Cam Newton have been the big names of the Panthers‘ offseason, David Newton wrote that the team cannot forget to focus on improving their offensive line, even with their current cap woes.
  • The Falcons do not have any logical candidates for the franchise tag this offseason, writes Vaughn McClure of ESPN.com. The tag could come into play in the 2015 offseason if the team is unable to sign wide receiver Julio Jones to an extension.
  • With the scouting combine fast approaching, D. Orlando Ledbetter of the Atlanta Journal-Constitution highlights five prospects the Falcons should keep an eye on. Lorenzo Reyes of USA Today picks out five position of need for the team to address in the draft.
  • Reyes also wrote about five positions of need for the Saints to address in the draft, and suggested a few prospects who could fill those needs.
  • The Buccaneers do not have a player who is a logical franchise tag candidate, writes Pat Yasinskas of ESPN.com. Before the season, quarterback Josh Freeman was considered a likely use for the tag. Freeman was benched and then released early in the season.

NFC South Notes: Hardy, Panthers, Bucs

ESPN.com’s David Newton deems it likely that defensive end Greg Hardy will return to the Panthers, estimating the likelihood of a reunion at 67%. While a long-term contract would seem to be the in the best interests of both the team and the player, the franchise tag (at around $12MM) might be the most plausible option at this point. We noted yesterday that Hardy may not be re-signed due to financial constraints.

Meanwhile, other news abounds in the NFC South:

  • Within the same article, Newton notes that safety Charles Godfrey might be saved from being a cap casualty due to simple finances. Cutting Godfrey would leave the Panthers with $5MM in dead money, and, obviously, without Godfrey. A contract restructure could be the more likely result.
  • Newton writes that corners Josh Norman and Josh Thomas, each of whom were frequently inactive, could be released.
  • Offensive tackle Jordan Gross is expected back with the team, although the Panthers could draft a future replacement in the early rounds of the draft.
  • Back on the Hardy front, Pat Yasinkas of ESPN.com does not believe the Buccaneers are a realistic landing spot for the defensive end. While they have cap space, it may not be enough to sign a star like Hardy, so the draft might be a better route for adding pass rushers.
  • The Saints will likely attempt to add a veteran corner through free agency, and a young receiver through the draft, according to Mike Triplett of ESPN.com.
  • Triplett also notes that while the Saints won’t add players with the specific intention of transforming to a more traditional 3-4-style defense, their most pressing need remains the front seven.

Panthers Could Let Hardy Walk

In a year’s time, Panthers second-year GM Dave Gettleman has taken the team from $16MM over the salary cap to approximately $16MM under the cap. Ostensibly, that’s enough to bring free agent defensive end Greg Hardy back into the fold, be it on a long-term deal or one-year franchise tender, but it’s not that simple, according to the Charlotte Observer’s Joseph Person.

Hardy’s bookend, veteran sack artist Charles Johnson, carries a team-high $16.24MM cap hit in 2014. So while retaining a budding pass rusher seems like an obvious move, sacrificing Hardy to maintain financial flexibility is a realistic scenario. Person also floats the idea of a “tag-and-trade” scenario, which would garner better compensation than the Panthers would receive if they just let Hardy sign elsewhere.

Also factoring in the decision is the uncertainty of left tackle Jordan Gross‘ future, looming big-money extensions for young stars Cam Newton and Luke Kuechly and other current free-agent priorities, including cornerback Captain Munnerlyn and receiver/returner Ted Ginn Jr. Person points out that Gettleman got creative last year by cutting veterans and restructuring others. If he goes that route again, safety Charles Godfrey, recovering from an Achilles injury, could be on the chopping block. Releasing Godfrey before June 1 would recoup $2.1MM in cap space, or $5.1MM post June 1.

Rivera, Gettleman On Hardy

Panthers coach Ron Rivera has had a busy week. On Tuesday, he signed a three-year extension to remain in Carolina, and earlier this evening he was crowned Coach of the Year. But despite his heavy personal schedule, Rivera is still thinking about the offseason, specifically the future of defensive end Greg Hardy, according to David Newton of ESPN.com. After a recent meeting with GM Dave Gettleman to discuss the team’s salary cap situation, Rivera gave his opinion on Hardy. “…we most certainly would like to have Greg back. He’s a big part of what we did this year. It’d be hard to imagine doing things without him.”

Hardy was selected in the sixth round of the 2010 draft, after poor performance and injury questions caused his stock to slip. He became a starter in 2012, and has since registered 26 sacks over the past two seasons. Pro Football Focus graded him as the third-best 4-3 defensive end, behind only Robert Quinn and Cameron Wake (subscription required). Hardy joined with Charles Johnson and Star Lotulelei in making the Panthers’ defensive line one of the most dominant in football.

Gettleman was ambiguous on his intentions regarding Hardy, but allowed that retaining the end wasn’t guaranteed. “Everybody in this league lets players go. There isn’t a team in this league that hasn’t let a big dog walk out the door, and don’t print that I’m saying he’s going to go. I’m just making a statement. There isn’t anybody that hasn’t done that. But again, there is a whole big puzzle we’re putting together. And he’s one of the pieces.”

Hardy has admitted that being franchise tagged would not be an issue for him, as long as a long-term deal was revisited at some point in the future. This might be the most likely option, as the Panthers are up against salary cap constrictions. The franchise tag figure for defensive ends will likely be around $12.5MM, according to Joel Corry of CBSSports.com.

 

Panthers GM On Cam Newton, Free Agency

After a highly successful first season as general manager of the Carolina Panthers in which his team by improved five wins and won the NFC South, Dave Gettleman now has the unenviable task of getting a handle on 21 unrestricted free agents. The franchise cornerstones on offense and defense — quarterback Cam Newton and linebacker Luke Kuechly — are not among that group, but both are nearing hefty second contracts. Defensive end Greg Hardy totaled 26 sacks the past two seasons and will be a prime candidate for the franchise tag after his four-year rookie deal expired. Jonathan Jones of the Charlotte Observer sat down with Gettleman at the Senior Bowl in Mobile, Ala., for an hour-long interview to glean insight on the future of this young, talented team.

On how impressed he is with Newton‘s maturity:

“Just step back and put yourself in his shoes: first pick of the draft, you’re seen as the savior, in athletics you’ve had very few failures and then you walk into the NFL, 2-14, coming out of the lockout with no OTAs (Organized Team Activities) with no nothing. The way he accepted leadership, the way he grew, you guys wrote about how he was letting his teammates help him, his improvement in reading the field and going through his progressions.”

On what he wants to do with Hardy:

“He’s part of the puzzle.”

On what life will be like without Steve Smith:

“Steve has just had a tremendous career. He’s 34. He’s exceeded the normal career of any wide receiver and he should be very proud of what he’s accomplished and he’s been a great Carolina Panther. Who knows? You don’t know when he’s going to be done.”

On head coach Ron Rivera being in the final year of his contract:

“Well again, to answer your question, I said in the press conference, ‘I’ve got ultimate confidence in him.’ And that’s the exact quote. And I still do. So …”