Panthers rework Matt Paradis' contract, clear more cap space

Matt Paradis' contract has been restructured, and the move creates just under $4.7 million in cap space. Jeremy Brevard-USA TODAY Sports

Panthers clear more cap space by restructuring Matt Paradis' contract

By Erin Walsh | Last updated 2/21/21

The Carolina Panthers cleared nearly $20 million in cap space earlier this week by releasing several veteran players, including starting safety Tre Boston. They opened up even more on Sunday by restructuring the deal of another player.

According to ESPN's Field Yates, the Panthers converted a majority of center Matt Paradis' 2021 salary into a signing bonus. The move creates just under $4.7 million in cap space.

The Panthers have converted $7.04M of C Matt Paradis' $8.03M base salary in 2021 into a signing bonus, creating $4,693,334 in cap space.

Carolina continues to create cap space to be aggressive this offseason if it so chooses...
— Field Yates (@FieldYates) February 20, 2021

According to ESPN's David Newton, the Panthers are clearing cap space to make a run at Deshaun Watson in the event the Houston Texans make him available in trade discussions.

Carolina will be joined by several teams in its pursuit of Watson, including the Denver Broncos, who will reportedly make an offer for the three-time Pro Bowler if and when he becomes available. The Miami Dolphins are also expected to "be in the mix" for the three-time Pro Bowler.

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