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Panthers add nearly $11 million in cap space after restructuring contracts on Wednesday

CHARLOTTE, NORTH CAROLINA - AUGUST 17: Taylor Moton #72 of the Carolina Panthers looks on during the first half of their preseason game against the New York Jets at Bank of America Stadium on August 17, 2024 in Charlotte, North Carolina. (Photo by Grant Halverson/Getty Images)
CHARLOTTE, NORTH CAROLINA - AUGUST 17: Taylor Moton #72 of the Carolina Panthers looks on during the first half of their preseason game against the New York Jets at Bank of America Stadium on August 17, 2024 in Charlotte, North Carolina. (Photo by Grant Halverson/Getty Images)

The Carolina Panthers made money moves on Wednesday.

According to ESPN's Field Yates, the team has created $10.7 million in salary cap space after restructuring the contracts of offensive tackle Taylor Moton and defensive lineman Shy Tuttle.

Moton, who is in his eighth NFL campaign, has now had his contract restructured in each of the past three offseasons. The former second-round pick has appeared in every one of Carolina's 115 regular-season games since being drafted in 2017 and hasn't missed a single offensive snap over the past four years.

Tuttle joined the Panthers last spring, when he signed a three-year, $19.5 million deal with the previous front office alignment headed by former general manager Scott Fitterer. He started all 17 games in 2023—recording 43 combined tackles, half a sack and five passes defensed.

Prior to the adjustments for Moton and Tuttle, the Panthers were approximately $4.5 million over the salary cap—the highest amount in the league. The moves should now put them back under the mark.

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This article originally appeared on Panthers Wire: Panthers add nearly $11 million in cap space after restructuring contracts on Wednesday