After restructuring offensive tackle Taylor Moton and offensive guard Austin Corbett earlier this week, the next move to free up cap space came along Thursday afternoon.
Panthers restructure Xavier Woods' contract. https://t.co/En4lNYCt7A
— ProFootballTalk (@ProFootballTalk) March 9, 2023
Per The Athletic’s Joe Person, the move should clear about 1.6 million in cap space. The Panthers were able to get below the cap ceiling with the moves on Corbett and Moton, so this only adds to their flexibility, and guarantees three veteran players will be here in 2023.