Adam Thielen

Carolina Panthers, Wide Receiver

2025-2025 renegotiation (CURRENT)

Year	Age	Status	Cap HitAnnual	Cap % League Cap	Cash Annual	Cash Cumulative	Dead Cap Annual
2025	35		$10,108,177	3.62%	$8,750,000	$8,750,000	$8,501,001
2026	36	Void UFA	$4,667,334	1.52%	-	$8,750,000	$4,667,334
2027		Void	$2,333,668	0.69%	-	$8,750,000	-

Year	Age	Status	Base P5 Salary	Signing Proration	Restructure Proration	Roster Bonus	Roster/Gm Bonus	Workout Bonus	Cap Hit	Cap % League Cap	Dead Cap
2025	35		$6,250,000	-	$1,667,000	$1,500,000	$441,177	$250,000	$10,108,177	3.62%	$8,501,001	2025 Release/Trade PRE-6/1 RELEASE 2025 Dead Cap: $8,501,001 2025 Savings: $1,607,176 PRE-6/1 TRADE 2025 Dead Cap: $8,501,001 2025 Savings: $1,607,176 What is a Pre-6/1 Release or Trade? When a player is released or traded before June 1st, all of the dead cap remaining on his contract (including any guaranteed salary) accelerates into the current year. POST-6/1 RELEASE 2025 Dead Cap: $3,833,667 2026 Dead Cap: $4,667,334 2025 Savings: $6,274,510 POST-6/1 TRADE 2025 Dead Cap: $3,833,667 2026 Dead Cap: $4,667,334 2025 Savings: $6,274,510 What is a Post-6/1 Release or Trade? When a release or trade is processed after June 1st (including a Post June 1st Designation transaction), the remaining dead cap on the contract is allowed to split across the current year & the following year. Dead cap that is directly associated with the current year plus all future guaranteed salary remains as current year dead cap, while the remaining future year dead cap is allocated to the following season.
2026	36	Void UFA	-	$666,667	$1,667,000	-	-	-	$4,667,334	1.52%	$4,667,334	2026 Release/Trade PRE-6/1 RELEASE 2026 Dead Cap: $4,667,334 2026 Savings: $0 PRE-6/1 TRADE 2026 Dead Cap: $4,667,334 2026 Savings: $0 What is a Pre-6/1 Release or Trade? When a player is released or traded before June 1st, all of the dead cap remaining on his contract (including any guaranteed salary) accelerates into the current year. POST-6/1 RELEASE 2026 Dead Cap: $0 2027 Dead Cap: $4,667,334 2026 Savings: $4,667,334 POST-6/1 TRADE 2026 Dead Cap: $0 2027 Dead Cap: $4,667,334 2026 Savings: $4,667,334 What is a Post-6/1 Release or Trade? When a release or trade is processed after June 1st (including a Post June 1st Designation transaction), the remaining dead cap on the contract is allowed to split across the current year & the following year. Dead cap that is directly associated with the current year plus all future guaranteed salary remains as current year dead cap, while the remaining future year dead cap is allocated to the following season.
2027		Void	-	$666,668	$1,667,000	-	-	-	$2,333,668	0.69%	-	2027 Release/Trade PRE-6/1 RELEASE 2027 Dead Cap: $0 2027 Savings: $2,333,668 PRE-6/1 TRADE 2027 Dead Cap: $0 2027 Savings: $2,333,668 What is a Pre-6/1 Release or Trade? When a player is released or traded before June 1st, all of the dead cap remaining on his contract (including any guaranteed salary) accelerates into the current year. POST-6/1 RELEASE 2027 Dead Cap: $0 2028 Dead Cap: $0 2027 Savings: $2,333,668 POST-6/1 TRADE 2027 Dead Cap: $0 2028 Dead Cap: $0 2027 Savings: $2,333,668 What is a Post-6/1 Release or Trade? When a release or trade is processed after June 1st (including a Post June 1st Designation transaction), the remaining dead cap on the contract is allowed to split across the current year & the following year. Dead cap that is directly associated with the current year plus all future guaranteed salary remains as current year dead cap, while the remaining future year dead cap is allocated to the following season.

Year	Age	Status	Base P5 Salary	Roster Bonus	Roster/Gm Bonus	Workout Bonus	Cash Total	Cash Cumulative	Cash Remaining
2025	35		$6,250,000	$1,500,000	$750,000	$250,000	$8,750,000	$8,750,000	$8,750,000
2026	36	Void	-	-	-	-	-	$8,750,000	-
2027	37	Void	-	-	-	-	-	$8,750,000	-

Contract Notes

2025 Roster Bonus: $1.5M (March 18, 2025)
Per Game Active Bonus: $29,411 ($500,000)
2026-2027 years automatcally void 23 days before the 2026 league year
Receiving Yards (cumulative)
800, $250,000
1,000: $250,000
1,250: $500,000
Receptions (cumulative)
70: $250,000
80: $250,000
90: $250,000
100: $250,000
Receiving Yards + Playoffs (cumulative)
600 + Playoff Berth: $500,000
1,000 + Playoff Berth: $750,000
1,250 + Playoff Berth: $750,000

Source: NFL contract specifics generally collected from verified reports.

Earnings Per Year

Year	Age	Status	Cash Total	Cash Cumulative
2014	24	Active	$420,000	$420,000
2015	25	Active	$682,306	$1,102,306
2016	26	Active	$939,639	$2,041,945
2017	27	Active	$7,496,000	$9,537,945
2018	28	Active	$5,350,000	$14,887,945
2019	29	Active	$14,273,750	$29,161,695
2020	30	Active	$10,034,374	$39,196,069
2021	31	Injured	$11,582,343	$50,778,412
2022	32	Active	$14,353,529	$65,131,941
2023	33	Active	$10,000,000	$75,131,941
2024	34	Active	$8,092,697	$83,224,638
Total			$83,224,638	$83,224,638
2025	35	Active	$8,750,000
Total			$91,974,638

Earnings Per Team

Years	Team	Base	Signing	Roster	Restructure	Option	Incentives	Cash Cumulative
9		$19,084,529	$22,000,000	$10,944,843	$10,000,000	$450,000	$2,652,569	$65,131,941
2		$6,665,000	$8,335,000	$2,000,000	-	$250,000	$48,579	$18,092,697

Year	Age	Base	Signing	Roster	Restructure	Workout	Incentives	Cash Total	Cash Cumulative
2014	24	$420,000						$420,000	$420,000
2015	25	$510,000					$172,306	$682,306	$1,102,306
2016	26	$600,000					$339,639	$939,639	$2,041,945
2017	27	$2,746,000	$4,000,000				$750,000	$7,496,000	$9,537,945
2018	28	$3,850,000			$100,000	$50,000	$1,350,000	$5,350,000	$14,887,945
2019	29	$805,000	$9,000,000		$4,368,750	$100,000		$14,273,750	$29,161,695
2020	30	$4,800,000			$5,093,750	$100,000	$40,624	$10,034,374	$39,196,069
2021	31	$1,100,000		$10,000,000	$382,343	$100,000		$11,582,343	$50,778,412
2022	32	$4,253,529	$9,000,000		$1,000,000	$100,000		$14,353,529	$65,131,941
2023	33	$1,165,000	$8,335,000					$10,000,000	$75,131,941
2024	34	$5,500,000			$2,000,000	$250,000	$48,579	$8,092,697	$83,224,638
Total		$25,749,529	$30,335,000	$10,000,000	$12,944,843	$700,000	$2,701,148	$83,224,638	$83,224,638
2025	35	$6,250,000			$1,500,000	$250,000		$8,750,000
Total		$31,999,529	$30,335,000	$10,000,000	$14,444,843	$950,000	$2,701,148	$91,974,638

Earnings Per Team

Years	Team	Base	Signing	Roster	Restructure	Option	Incentives	Cash Cumulative
9		$19,084,529	$22,000,000	$10,944,843	$10,000,000	$450,000	$2,652,569	$65,131,941
2		$6,665,000	$8,335,000	$2,000,000	-	$250,000	$48,579	$18,092,697

Cap Hit

$10,108,177 / 229th

Cash Total

$8,750,000 / 261st

Contract Value

$8,500,000 / 633rd

Contract Average

$8,500,000 / 334th

AAV% of Cap

3.04% / 364th

Signing Bonus

$2,000,000 / 622nd

2-Year Cash

$8,750,000 / 521st

3-Year Cash

$8,750,000 / 569th

Total Guaranteed

$3,500,000 / 665th

Guaranteed at Signing

$3,500,000 / 657th

Mar 13, 2025 Signed a 1 year $8.5 million restructured contract with Carolina (CAR)
Mar 19, 2023 Signed a 3 year $25 million contract with Carolina (CAR)
Mar 10, 2023 Released by Minnesota (MIN), clearing $6.4M of cap
Mar 16, 2022 Signed a restructure contract with Minnesota, clearing $5.16M of cap space
Mar 18, 2021 Converted $10M of 2021 salary into bonus, clearing $7.5M of cap with Minnesota (MIN)
Apr 12, 2019 Signed a 4 year $64 million contract extension with Minnesota (MIN)
Mar 15, 2017 Signed a 4 year $19.246 million contract extension with Minnesota (MIN)
Mar 04, 2017 Assigned a 1 year $2.746 million tender by Minnesota (MIN)
Mar 07, 2016 Signed a 1 year $600k tender with Minnesota (MIN)
Dec 30, 2013 Signed a reserve/future contract with Minnesota (MIN)
Aug 31, 2013 Waived by Minnesota (MIN)
May 06, 2013 Signed a 3 year $1.485 million contract with Minnesota (MIN)