Panthers Sign Tiquan Underwood

1:32pm: The Panthers have officially announced their deal with Underwood (Twitter link).

11:34am: It’s a two-year deal for Underwood, according to Jonathan Jones of the Charlotte Observer (via Twitter).

11:18am: A day after signing Jerricho Cotchery, the Panthers are set to add another free agent wide receiver to their roster. Aaron Wilson of the Baltimore Sun reports (via Twitter) that Carolina has agreed to terms on a new contract with Tiquan Underwood.

Underwood, who had stints with the Jaguars and Patriots early in his NFL career, spent the last two seasons in Tampa Bay, catching a total of 52 balls for 865 yards and six touchdowns over the course of 2012 and 2013. With Cotchery under contract as more of a possession receiver, Underwood looks like he’ll assume the role of the Panthers’ top deep threat.

So far this offseason, Carolina has released Steve Smith and seen Ted Ginn Jr., Brandon LaFell, and Domenik Hixon sign with other teams, which left Marvin McNutt and Tavarres King atop the depth chart before the signings of Cotchery and Underwood. Last night, we heard that the Panthers were also taking a look at free agent receivers Kevin Cone, Lestar Jean, and C.J. Akins.

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