According to Ian Rapaport of NFL Network, the Carolina Panthers will decline their option on Jarius Wright’s contract, making him a free agent.
The rebuild continues for the #Panthers, who will decline the contract option for veteran WR Jarius Wright, source said. Declining the $1M fully guaranteed option makes Wright a free agent and let’s Carolina free up $3M in cap space.
— Ian Rapoport (@RapSheet) February 25, 2020
As Rapaport notes in the Tweet, this move will free up $3 million for the Panthers this offseason.