Panthers sweeten tight end Greg Olsen’s deal in place of new contract
Carolina Panthers tight finish Greg Olsen can acquire bonuses by hitting benchmarks in receptions, receiving yards, common yards-per-catch and postseason honors, his agent stated Thursday. (David T. Foster III | The Charlotte Observer)
CHARLOTTE, NC (Joseph Individual/The Charlotte Observer) – Panthers tight finish Greg Olsen didn’t get the increase he was looking for, however he nonetheless has an opportunity to money in with extra money based mostly on his efficiency.
The Panthers have added $2 million in incentives to Olsen’s contract, his agent Drew Rosenhaus informed the Observer on Thursday.
Olsen, the one tight finish in NFL historical past to publish three consecutive 1,000-yard receiving seasons, can gather bonuses by hitting benchmarks in receptions, receiving yards, common yards-per-catch and postseason honors, Rosenhaus stated.
Olsen can attain one of many incentives by hitting the 1,000-yard mark once more, which he stated throughout coaching camp was one among his objectives.
Olsen, 32, signed a 3-yr extension value $22.5 million in 2015, together with a $12 million signing bonus.
However he felt like he had outperformed the contract and needed a deal that higher mirrored his standing among the many league’s prime tight ends. Olsen is the seventh highest-paid tight finish with a per-yr common of $7.5 million, and is twelfth at his place when it comes to assured cash.
The Observer reported in July that common supervisor Dave Gettleman was fired partially due to his dealing with of the contract conditions involving linebacker Thomas Davis and Olsen.
Since taking up for Gettleman, interim GM Marty Hurney has prolonged Davis’ contract by way of the 2018 season and added the incentives to Olsen’s deal.