Panthers have $16 million on IR

The Carolina Panthers have spent more money than any other NFC South team this year. They’re only $1.99 million under the salary cap.

The problem with that, though, is a large chunk of that cap space is standing on the sidelines on game days and going through rehab during the week. Carolina has nine players on injured reserve and they’re taking up a whopping $16.309 million in cap space.

This club is led by Jon Beason, who is counting $6.322 million toward the cap. Thomas Davis is counting for $2.525 million. Jeff Otah is at $2.358 million and Ron Edwards counts for $2.33 million.

I’ve also got updated figures on where the other three NFC South teams stand in relation to the salary cap. Atlanta is $2.3 million under. New Orleans is $3.8 million under. Tampa Bay is $26.4 million under.

Before Tampa Bay fans start screaming about the Bucs being frugal, let’s point out they don’t have the league’s lowest payroll. Jacksonville leads the league with $33.8 million in cap space and Kansas City is $27.6 million under the cap. Denver is less than $1 million behind Tampa Bay.