The Panthers announced this afternoon that defensive end Julius Peppers signed his offer sheet and will play for the team this season. He has a guaranteed $16.683 million base salary — the amount of his offer sheet as a franchise free agent, plus an incentive of $1.5 million if he makes the Pro Bowl and $250,000 per each playoff win up to and including the Super Bowl.
“Julius is more than satisfied with the outcome and is looking forward instead of backward,” Peppers’ agent, Carl Carey said. “He is motivated. He’s prepared and he’s ready to play football.”
Peppers has a one-year contract. If the Panthers franchise him again next year, they’ll have to make him a tender offer of around $20 million and a total deal, counting incentives, worth more than $22 million.
“We have had very good communication with Carl throughout the process and all the indications were that Julius was going top sign in time to be in for training camp,” General manager Marty Hurney said. “That’s what happened today. Obviously we’re very excited and I think Julius is excited.”
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