Together, these moves will create nearly $8MM in cap space for the Panthers. Combined with the releases of Boston and Kawann Short this week, the franchise will save around $16.4MM. Both Palardy and Weatherly were released with failed-physical designations, Aaron Wilson of the Houston Chronicle tweets.
The Panthers signed Palardy midway through the 2016 season, picking him up after placing previous punter Andy Lee on IR. Carolina kept Palardy around for the next three seasons, doing so via three-year, $7.52MM extension. One season remained on that deal. Palardy, 28, suffered a torn ACL last summer, leading the Panthers to use rookie UDFA Joseph Charlton as their punter.
Weatherly, 26, inked a two-year, $12.5MM deal with the Panthers last March and opened the season as the team’s defensive end starter opposite Brian Burns. Weatherly suffered a finger injury that required surgery, sending him to IR after nine games. The Panthers then turned to second-round pick Yetur Gross-Matos. Both Burns and Gross-Matos can be controlled through the 2023 season on their rookie contracts.
A seventh-round Vikings pick in 2016, Weatherly has managed to stick around beyond his rookie deal. He recorded six sacks between the 2018 and ’19 seasons and replaced Mario Addison as a Panthers starter last year. The Vanderbilt product did not register a sack with the Panthers, however.