At a time when the Panthers are in cost-cutting mode, cornerback Captain Munnerlyn hit on an escalator that takes his base salary from $565,000 to $1.31 million.
Munnerlyn said the escalator was triggered based on playing time over his first three seasons. Munnerlyn started the first 14 games in 2011 before being placed on injured reserve with a hamstring injury. Munnerlyn, a seventh-round draft pick in 2009, now has a cap number of $1.32 million.
The Panthers are reportedly more than $9 million over the salary cap of $120.6 million. They are expected to restructure the contract of linebacker Thomas Davis, and will have to rework other deals or release players in order to get below the cap by Tuesday’s 4 p.m. start of the new league year.