The Carolina Panthers made a cut-day deal with the Kansas City Chiefs to acquire wide receiver Ihmir Smith-Marsette. They will reportedly be exchanging conditional seventh round picks in 2025 as part of the trade.
Trade: Panthers acquired wide receiver Ihmir Smith-Marsette from the Chiefs in exchange for a swap of conditional 2025 seventh-rounders.
— Adam Schefter (@AdamSchefter) August 29, 2023
That’s about as little compensation as you can give up in a trade, so this deal was essentially the Panthers asking the Chiefs to give them Smith-Marsette instead of cutting him outright.