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Panthers rework McCaffrey, Thompson; free up $11M under cap

Carolina now has about $30 million salary cap space ahead of free agency and the draft

Credit: Kim Klement

Oct 29, 2017; Tampa, FL, USA; Carolina Panthers outside linebacker Shaq Green-Thompson (54) during the first half at Raymond James Stadium.

CHARLOTTE, N.C. — The Panthers have restructured the contracts of running back Christian McCaffrey and linebacker Shaq Thompson, freeing up an additional $11 million in salary-cap space.

Rhule says this happened in the last two days. Big news to help Carolina.

"It'll be good for us, we're grateful for that."#Panthers #NFL https://t.co/e0pFT2hNkJ
— Nick Carboni (@NickCarboniWCNC) March 10, 2021

Coach Matt Rhule made the announcement in a videoconference call with reporters.

The moves leave the Panthers about $30 million under the cap, but the team has $17 million of that pegged to sign draft picks and to have on hand for the start of the season in case additional moves need to be made.