Carolina Panthers running back DeAngelo Williams has restructured his contract in a move that could keep the 2006 first-round pick out of Memphis with the team through the 2015 season, a source with knowledge of the situation confirmed to Brian McIntyre of Yahoo Sports. Williams was entering the third season of a five-year, $43 million contract and was scheduled to earn $5 million in cash with an $8.2 million salary cap number for 2013. Williams will still receive $5 million in cash this year, but the deal has been restructured in a way that reduces his cap number to $5 million, a cap savings of $3.2 million that leaves the team $8.46 million under their adjusted 2013 salary cap number of $126.232 million. Williams was scheduled to earn $4.75 million in non-guaranteed base salary with a $250,000 workout bonus this season, under the renegotiated contract, Williams' base salary was lowered to $850,000 and his workout bonus reduced to $150,000. The remaining $4 million was converted to a signing bonus, which will be prorated against the Panthers' cap at $800,000 per season through 2017. Source: The Redzone
