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Peppers Salary Holding the Panthers Back from Other Deals

Julius Peppers and the Panthers are likely not going to get a long-term deal done. It’s that stalemate that according to the Gaston Gazette is holding the team back from trying to get other deals done:

The deadline for the Carolina Panthers to sign franchise player Julius Peppers to a long-term contract is fast approaching. If the Panthers can’t strike a deal with the four-time Pro Bowl defensive end before the league’s Wednesday deadline then they’ll pay him $16.683 million this season.

The Panthers still haven’t signed any veteran free agents because they’re so strapped under the NFL salary cap, largely because they’ve so much money committed to Peppers. If the Panthers can’t sign Peppers to a long-term contract before Wednesday they’d need to wait until after the season to try again.

Even then, the Panthers could elect to put the franchise tag on Peppers again at a cost of more than $20 million for the 2010 season.

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