CHARLOTTE, N.C. - The Carolina Panthers cleared a significant amount of salary cap space on Tuesday by releasing running back Miles Sanders the day before the start of the NFL's new year.
Sanders, 27. was scheduled to count $8,175,000 against the 2025 cap. Releasing him will save the team $5.225 million.
The decision to move on from the 2019 second-round pick by the Philadelphia Eagles came after a failed attempt to agree on a restructured deal, a league source told ESPN's Jeremy Fowler.
Sanders signed a four-year, $25.4 million deal in 2023 following the hiring of then-coach Frank Reich.