Panthers general manager Dave Gettleman is giving his team a great deal of savings.

According to the Charlotte Observer, Gettleman has been able to clear $7.25 million in savings after restructuring three veteran players' contracts.

Those deals were with center Ryan Kalil, running back Jonathan Stewart and linebacker Thomas Davis.

The Panthers are now about $29 million under the projected $130 million salary cap as a result.

Follow me on Twitter: @RavensInsider

Aaron Wilson covers the Ravens for The Baltimore Sun.