CJ

I heard it was for either 3 mil or 3 mil guaranteed

 

He was originally scheduled to make 15 million this year. Cutting him saved 11 million but left about 4 million in dead money. The net result of it all is that he'll cost 8 million dollars less this year.

 

From ESPN:
Value is everything. At just over $15 million, Johnson's original cap hold was untenable. It was insane to even consider paying a 29-year-old who had one sack last year that much money. The Panthers incurred a $4 million dead cap charge by releasing Johnson, but after bringing him back on a one-year, $3 million deal yesterday, they'll get Johnson's services for 2016 at just over $7 million. That's remarkably team-friendly, and it speaks to just how badly Johnson wanted to stay around Ron Rivera and Sean McDermott, given how his people made sure to get out the word that Johnson turned down $6 million per year elsewhere. To get Johnson to agree to a one-year, $3 million deal, even if it includes further incentives, is one of the most impressive moves Dave Gettleman's pulled as Panthers GM.

 

Wow, I didn't know I wrote for ESPN.