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Panthers cut Torrey Smith after waiver claims

CHARLOTTE, N.C. -- The Carolina Panthers on Sunday released veteran wide receiver Torrey Smith after claiming former Minnesota Vikings receiver Brandon Zylstra off waivers.

The Panthers traded for Smith, a two-time Super Bowl champion, in March of 2018 to add veteran leadership to a young receiving corps. He came with a $5 million a year salary for 2018 and '19, then took a $2 million cut this offseason while rehabbing from a knee injury.

The Panthers will save $1.8 million in cap space by releasing Smith. Zylstra is set to count $480,000 against the 2018 cap.