The Carolina Panthers have made Cam Newton available via trade, but there hasn’t been much interest from other teams. As a result, Carolina is expected to release Newton on Tuesday, per ESPN’s Adam Schefter.
Panthers are expected to release QB Cam Newton today, sources tell ESPN.
— Adam Schefter (@AdamSchefter) March 24, 2020
Earlier this offseason, the Panthers made a commitment to stick with Newton in the upcoming season. However, in the first week of free agency, Carolina chose to sign Teddy Bridgewater as their new starting quarterback.
Following their pursuit of Bridgewater, the Panthers gave Newton an opportunity to seek a trade. But with a lack of teams looking for a starter, coupled with Newton still recovering from his foot injury, the market for the former MVP is pretty barren.
Besides Bridgewater, the Panthers also added XFL standout P.J. Walker to become their backup in 2020. By releasing Newton, Carolina will create $19.1 million in cap savings. At the same time, his release will only induce a $2 million dead-cap penalty for the 2020 season.
Newton was drafted by the Panthers with the No. 1 pick in the 2011 NFL Draft. In his first seven seasons, Newton was one of the most electrifying quarterbacks in the league, doing damage with his arm and legs.
But over the past two seasons, injuries have hindered the once-dominant quarterback, causing him to miss 16 games. Nevertheless, at 30 years old, Newton can still be a productive quarterback for a team if he is able to recover from his latest foot injury this offseason.
After a remarkable nine-year stint with the Panthers, Newton will have a new place to call home next season.