AP Source: Panthers Hardy signs franchise tender

Published on NewsOK Modified: March 4, 2014 at 11:38 am •  Published: March 4, 2014

CHARLOTTE, N.C. (AP) — Defensive end Greg Hardy has signed his franchise tag tender with the Carolina Panthers, a person familiar with the situation said Tuesday.

The person spoke to The Associated Press on condition of anonymity because the signing has not been made official.

Hardy, who said in January he'd have no issue if the team used the franchise tag to keep him, will make $13.1 million for one season if he doesn't sign a long-term extension.

The Panthers have until July 15 to sign Hardy to a long-term deal. After that date they can't discuss a contract extension until after the season is over.

When the Panthers used the franchise tag on Hardy Friday, general manager Dave Gettleman said in a press release it was done so to buy more time to potentially work out a long-term extension with the former Mississippi star.

"The franchise mechanism gives us time to secure the services of a very good player while we continue to look at the future of Greg with the Carolina Panthers," Gettleman said. "We have had great dialogue with both Greg and his agent. It was important to keep our defensive front together."