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Mangold no longer NFL's highest-paid center


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http://espn.go.com/nfl/story/_/id/6878660/carolina-panthers-make-ryan-kalil-highest-paid-center-sources-say

Sources: Panthers lock up Ryan Kalil

By Chris Mortensen

Updated: August 19, 2011, 7:24 PM ET

The Carolina Panthers continued their surprising spending spree Friday when they signed center Ryan Kalil to a six-year contract worth $49 million that will make him the highest-paid center in the NFL, according to team and league sources.

Kalil was scheduled to make $10.1 million in 2011 as the team's designated franchise player and signed a five-year extension through 2016 that was restructured to lower his salary-cap number this year, sources said.

The deal includes $28 million in guaranteed money, sources told ESPN NFL Insider Adam Schefter. Kalil will make $30.75 million in the first three years, or an average of $10.25 million, even though the salary cap number will be lower than that.

Nick Mangold of the Jets became the league's highest-paid center last August when he signed an extension that was valued at $54.075 million over seven years for an average of $7.725 million a season. Kalil's deal would have to average around $8 million a year to top Mangold's contract.

Kalil signed the contract before Friday night's kickoff in Miami and the Panthers were expected to announce the deal, sources said.

After a flurry of free agent and trade activity that surprised many around the league, Panthers general manager Marty Hurney had identified Kalil's long-term deal as his next priroity.

The Panthers transactions since the NFL lockout include re-signing its own pending free agents such as defensive end Charles Johnson (six-years, $72 million), running back DeAngelo Williams (five years, $43 million), linebackers Jon Beason (five years, $51.6 million), James Anderson (five years, $22 million) and Thomas Davis (five years, $12 million).

The Panthers also signed kicker Olindo Mare to a four-year, $12-million contract and added three tight ends in Greg Olsen (trade), Jeremy Shockey (free agent) and Ben Hartstock (free agent), among their other numerous transactions. The Panthers also made quarterback Cam Newton the No. 1 pick in the NFL draft and signed him to a guaranteed $22.5 million contract over five years.

Chris Mortensen is an ESPN senior NFL analyst. ESPN NFL Insider Adam Schefter contributed to this report.

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Its funny the way some people value contracts. If Kalil's deal is 49 million over 6 that means the actual extension value is 39 million over 5 with a guarantee of about 18 million.On an average per year basis its going to be almost identical to Mangold and will be slightly higher on the guarantee per year side. It looks like it will probably be identical as well to the first three extension year payouts. I wouldnt be surprised if the deal comes in slightly under 49 million to make the APY identical to Mangolds contract. But the overall difference is very small, even though its going to be reported differently. Mangold probably has a far better chance of seeing the 37M or so in cash over his extension than Kalil has in seeing the 39 million he is set to earn. Assuming they gave him no 2nd year signing/option bonus (and I think the Panthers are avoiding those) Kalil will carry a $0 dead cap charge in the final year of his contract, meaning no penalty to cut. At the same point Mangold will carry over 6 million in dead money, meaning he is earning all that money.

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Its funny the way some people value contracts. If Kalil's deal is 49 million over 6 that means the actual extension value is 39 million over 5 with a guarantee of about 18 million.On an average per year basis its going to be almost identical to Mangold and will be slightly higher on the guarantee per year side. It looks like it will probably be identical as well to the first three extension year payouts. I wouldnt be surprised if the deal comes in slightly under 49 million to make the APY identical to Mangolds contract. But the overall difference is very small, even though its going to be reported differently. Mangold probably has a far better chance of seeing the 37M or so in cash over his extension than Kalil has in seeing the 39 million he is set to earn. Assuming they gave him no 2nd year signing/option bonus (and I think the Panthers are avoiding those) Kalil will carry a $0 dead cap charge in the final year of his contract, meaning no penalty to cut. At the same point Mangold will carry over 6 million in dead money, meaning he is earning all that money.

So, essentially, the Panthers cut a good deal.

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This is what I love about our front office.

Players who deserve to get paid as being amongst the very best at their respected positions... Usually get paid in major ways. Mike Tannenbaum has changed the culture of our franchise.

Ferguson is a true franchise LT... He's signed long term. Mangold is an All-Pro center... He's signed long term. Revis is an all-world corner... He's signed long term. David Harris is an all-pro MLB... He's been signed long term. The same can be said for both Holmes and Cromartie... They've been paid top dollars contracts this offseason, both players are full of nothing but talent.

Who's the next Jet to get signed long-term? Hopefully it's Dustin Keller. He's only 26 years of age and on the verge of putting up a monster year this up coming season. We're all talking about Sanchez, Greene, Holmes, Plaxico, Mason, Kerley (and rightfully so), but I truly believe this is the year where Keller gets recognized as a true X-Factor who can simply dominate the middle of the field. As Sanchez comes into his own, we'll all get to see what we really have in Keller, which is one of the best pass catching TE's around.

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