Source: Panthers to release Smith Thursday

Updated: March 13, 2014, 10:09 AM ET news services

The Carolina Panthers will release wide receiver Steve Smith on Thursday, a league source told ESPN NFL Insider Adam Schefter.

On Wednesday, Smith’s longtime representative Derrick Fox told The Associated Press that Smith “is not going to play for the Panthers next year, I know that. I just don’t know when that transaction is going to take place.”
He said the Panthers have not asked Smith, 34, to restructure his contract, which calls for him to make $7 million under this year’s salary cap.
Despite releasing the five-time Pro Bowler, the club will have to pay him $3 million this season as part of the three-year extension he signed in 2012. Smith’s contract runs through 2016.
Also, Smith will count $5 million under this year’s cap. The team could designate him for a June 1 release, which would allow it to split that money over the next two seasons.
Fox said Smith, a 13-year veteran, would have preferred to finish his career with Carolina, the team that drafted him in the third round in 2001. He said Smith was “disappointed and surprised” when Panthers general manager Dave Gettleman talked about the receiver’s future in uncertain terms at the NFL scouting combine last month.

“Where we are disappointed is the fact he signed an extension to stay loyal to the club and complete his career as a Panther,” Fox said. “That is why we did the long-term team deal. Now we are at a crossroads where the Panthers don’t want him anymore.”
Smith is Carolina’s all-time leading receiver with 836 catches for 12,197 yards and 67 touchdowns. He is 19th all time in receiving yards and 25th in receptions.
He had 64 receptions for 746 yards and four touchdowns last season, helping the Panthers go 12-4 in the regular season and capture the NFC South title.
Fox said Smith plans to continue his playing career when the Panthers cut ties.
“At 34, they could have kept him and run him in the slot,” Fox said. “Steve wants to play in the slot. But he can’t play the slot with the current roster, and he hasn’t been able to play in the slot with the rosters in the past.”
Information from The Associated Press was used in this report.

Leave a comment

300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001   642-999   350-080   MB2-712   400-051   C2150-606   1Z0-434   1Z0-146   C2090-919   C9560-655   642-647   100-101   CQE_Exam   CSSLP