One of the questions for the Carolina Panthers was what the team would do with the contract of tight end Greg Olsen, whose current deal is set to expire following the 2018 season. While Olsen hasn’t received a new contract, it was reported Thursday afternoon that his deal has reportedly been restructured to include $2 million in incentives.
Due to make a base salary of $6.5 million with another $250,000 coming his way via workout bonus, Olsen could make $8.75 million in 2017 if he hits those incentives. That isn’t the new contract that Olsen reportedly stated his desire for earlier this summer, but it does give the Panthers’ most productive pass-catcher the opportunity to earn some extra cash.
According to ProFootballTalk, incentives in Olsen’s reconfigured deal are tied to areas such as receptions, receiving yards and average yards per catch.
Olsen led the Panthers in receptions and receiving yards in 2016, finishing the year with 80 catches, 1,073 receiving yards and three touchdowns. Olsen has led the Panthers in receptions in each of the last four seasons. In six seasons with the team, he’s averaging just over 71 catches per year. In the last three seasons, which include a trip to the Super Bowl in 2016, Olsen’s caught an average of just over 80 passes per year.
Yardage-wise, Olsen has surpassed the 1,000 receiving-yard mark in each of the last three seasons. Given his productivity since joining the franchise in 2011, the tight end has a good chance of adding some money to his paycheck in 2017. And at that rate, another productive season could net Olsen the new contract he desires.