Carolina Panthers News & Rumors

2025 NFL Cap Space, By Team

This week started with a point on the NFL calendar that has been important for decades. Although teams have not needed to wait until June to make their most expensive cuts in many years, they do not see the funds from post-June 1 designations until that point.

With June 1 coming and going, a fourth of the league has seen the savings from post-June 1 releases arrive. That has affected the NFL’s cap-space hierarchy. Here is how every team stands (via OverTheCap) following June 2 changes:

  1. New England Patriots: $67.34MM
  2. San Francisco 49ers: $53.49MM
  3. Detroit Lions: $40.12MM
  4. New York Jets: $39.8MM
  5. Las Vegas Raiders: $36.16MM
  6. Arizona Cardinals: $32.11MM
  7. Dallas Cowboys: $32.11MM
  8. Pittsburgh Steelers: $31.88MM
  9. Seattle Seahawks: $31.21MM
  10. Tennessee Titans: $30.16MM
  11. Green Bay Packers: $28.94MM
  12. Cincinnati Bengals: $27.08MM
  13. Los Angeles Chargers: $26.83MM
  14. Tampa Bay Buccaneers: $26.63MM
  15. Jacksonville Jaguars: $26.54MM
  16. Philadelphia Eagles: $25.79MM
  17. New Orleans Saints: $22.62MM
  18. Washington Commanders: $21.13MM
  19. Indianapolis Colts: $20.09MM
  20. Los Angeles Rams: $19.44MM
  21. Baltimore Ravens: $18.95MM
  22. Carolina Panthers: $18.69MM
  23. Minnesota Vikings: $18.49MM
  24. Cleveland Browns: $18.2MM
  25. Houston Texans: $16.3MM
  26. Denver Broncos: $16.23MM
  27. Chicago Bears: $14.76MM
  28. Miami Dolphins: $13.81MM
  29. Kansas City Chiefs: $10.75MM
  30. Atlanta Falcons: $5.02MM
  31. New York Giants: $3.82MM
  32. Buffalo Bills: $1.69MM

The Jets saw their situation change the most from post-June 1 designations, as $13.5MM became available to the team after its Aaron Rodgers and C.J. Mosley cuts. Teams have up to two post-June 1 designations at their disposals. Five clubs — the Jets, Browns, Ravens, Eagles and 49ers — used both slots. Only three other teams made a post-June 1 cut before that seminal date. The eight that made these moves will have dead money split between 2025 and 2026.

Baltimore used the cost-defraying option to release Marcus Williams and Justin Tucker, while Cleveland — in Year 4 of the regrettable Deshaun Watson partnership — used it to move on from Juan Thornhill and Dalvin Tomlinson. As the Eagles’ option bonus-heavy payroll included two hefty bonus numbers for Darius Slay and James Bradberry, the reigning Super Bowl champions released both 30-something cornerbacks. Together, Slay and Bradberry will count more than $20MM on Philadelphia’s 2026 cap sheet. As for this year, though, the Browns, Eagles, Ravens and 49ers respectively saved $9.85MM, $9.4MM, $6.3MM, $6.4MM and $5.6MM, according to Spotrac.

The Jaguars made a mid-offseason decision to release Gabe Davis, doing so not long after trading up to draft Travis Hunter — with the plan to primarily play him at wide receiver — at No. 2 overall. Off-field issues, coupled with a down 2024 season, made Tucker expendable — after the Ravens drafted Tyler Loop in Round 6. The Vikings moved off Garrett Bradbury‘s contract and will replace him with free agency addition Ryan Kelly, while Mason lasted two seasons paired with C.J. Stroud‘s rookie deal. The 49ers made it known early they were moving on from Javon Hargrave, while 2024 trade addition Maliek Collins also exited the team’s D-tackle room.

Derek Carr‘s retirement being processed Tuesday also changed the Saints’ funding. The team will spread the dead money ($50.13MM) across two years. Even with the number being reduced this year, the Saints will be hit with the second-highest single-player dead money hit (behind only the Broncos’ Russell Wilson separation) in NFL history as a result of the Carr exit. The Saints will only be responsible for $19.21MM of that total in 2025. As they did with Jason Kelce and Fletcher Cox‘s retirements last year, the Eagles will also process Brandon Graham‘s hit this way.

Eight of this year’s post-June 1 releases remain in free agency. The Patriots added Bradbury to replace the now-retired David Andrews, while the Vikings scooped up Hargrave. As the Steelers await Rodgers’ decision, they added two other post-June 1 releases in Slay and Thornhill. Tomlinson joined the Cardinals not long after his Browns release.

Panthers TE Tommy Tremble Underwent Back Surgery

The Panthers will be without one of their top tight ends for at least the rest of OTAs and minicamp. Head coach Dave Canales revealed today that tight end Tommy Tremble recently underwent back surgery that could keep him sidelined at least until the start of training camp.

“Tommy did have surgery on his back last week, a successful surgery,” Canales said today (via the team’s website). “We were kind of thinking about it, talking about it, looking at timelines and all that, and just felt like for him to give him the (time). He’s 25 years old. You know, let’s get this thing while he’s young and strong and be able to just get back on the right track.”

Tremble missed a handful of games last season thanks to lingering back issues, and it sounds like the tight end is trying to avoid a similar situation in 2025. Canales said Tremble will miss at least the rest of OTAs and minicamp, and he’ll likely be rehabbing for the start of training camp (per Joe Person of The Athletic). The 24-year-old will be destined for the PUP list until that time.

Person notes that the surgery is “not expected to be season-ending,” although that hints that Tremble’s rehab could extend into the regular season. If the tight end remains on PUP following the first iteration of the Panthers’ 53-man roster, he’d be forced to miss the first four games of the upcoming campaign.

A former third-round pick, Tremble saw a relatively modest role playing alongside the likes of Ian Thomas and Hayden Hurst. He had his best showing in 2024, finishing with 23 receptions for a career-high 234 yards. Following that performance, he inked a new two-year, $16MM deal ($8MM guaranteed) with the organization this offseason.

While the Panthers would surely prefer Tremble in the lineup, the team should be fine without their most experienced tight end. Ja’Tavion Sanders actually led the position grouping in offensive production in 2024, finishing with 33 catches for 342 yards. The Panthers also recently used a fifth-round pick on Mitchell Evans, and they’re rostering the likes of Dominique Dafney, James Mitchell, and Bryce Pierre at the bottom of the depth chart.

Panthers Aimed To Avoid Jadeveon Clowney Blocking Younger OLBs’ Paths

The Panthers did not offer a strong response at outside linebacker after trading Brian Burns. Although other issues led to Carolina’s defense sinking to last place across the board, the team struggled to replace the pass rusher it traded after endless extension talks.

Jadeveon Clowney became the top Panthers solution here, having signed his first multiyear deal (two years, $20MM) since his Texans rookie pact back in 2014. But the Panthers made the South Carolina alum’s homecoming short-lived, cutting Clowney after engaging in trade talks earlier this offseason. Carolina’s draft plan played into Clowney’s fourth NFL one-and-done, as the selections of second- and third-round edge rushers (Nic Scourton, Princely Umanmielen) directly influenced the team’s approach with its veterans.

The two SEC products will have direct routes to playing time, and the team wanted to ensure that by cutting Clowney. The Panthers were not exactly facing a lofty payment for the former No. 1 overall pick, and while they saved $7.75MM with the release, ESPN.com’s David Newton notes the goal of seeing younger talents enjoy extended auditions provided just as much reason for Clowney’s exit as finances did.

When you watch the 2024 film, [Clowney] was a guy that gave us everything that he had on the field,” Dave Canales said, via Newton. “[But] we’re developmentally minded, and we understand bringing in outside linebackers and [drafting] two edge rushers — all those reps are valuable.”

In addition to Scourton and Umanmielen, the Panthers return D.J. Wonnum and signed Patrick Jones after four seasons as a Vikings rotational cog. Wonnum’s former Minnesota teammate will have the first crack at replacing Clowney in Carolina’s lineup, Newton adds. While Jones’ contract (two years, $15MM) suggested a starter chance, it does not provide open-and-shut first-stringer money. And the Panthers soon using two second-day picks on OLBs changed the position’s outlook from when Jones signed.

Jones started only five games during a four-year Minnesota run but generated free agency interest on the heels of a seven-sack season. Contributing to a Vikings pass rush housing Pro Bowlers Andrew Van Ginkel and Jonathan Greenard (along with first-rounder Dallas Turner), Jones saw his Twin Cities path blocked. He will have a chance to prove himself as a starter, though the presences of Wonnum (31 Vikings starts from 2020-23) and the two rookies could may this a short-term partnership.

Jones, 26, will have a chance to up his value while in Charlotte, as another crack at free agency in his 20s would loom. Wonnum is coming off a season shortened by the quad injury he suffered in his Vikings finale, and Canales said Tuesday a back flareup emerged. That will be something to monitor for the Panthers, who did not have much committed to the sixth-year veteran ahead of his contract’s second and final year. Clowney, 32, remains a free agent but intends to play in 2025. He led the Panthers with 5.5 sacks last season and was the team’s only player to post more than eight QB hits (11).

Panthers Part Ways With DPP Cole Spencer, Scout Robert Haines

One of several teams making front office changes in the wake of the NFL draft, the Panthers have reportedly parted ways with director of player personnel Cole Spencer and long-time college scout Robert Haines, per Joe Person of The Athletic.

Starting his football career in football operations and coaching at Eastern Illinois, Spencer entered the NFL as a scouting intern for Washington in 2010. A year later, he was promoted to a regional scouting role, and he spent the next eight years scouting the northeast, midwest, and southeast regions. He spent his last two years in Washington as a national scout. Spencer left the Football Team to join the Panthers in 2021 as director of college scouting. Carolina promoted him to director of player personnel in 2023.

A local product, Haines has been with the Panthers for all 22 seasons of his career. He first started in Carolina with the team’s video department. In 2005, he moved into the personnel department as a college scouting assistant, getting promoted to pro scouting assistant in 2007, combine scout in 2008, and regional scout in 2010. For 11 seasons, Haines covered the northeast area (the source of Boston College product Luke Kuechly) before moving to the southeast area in 2021. In the final three seasons of his career, Haines served as a national scout.

While no announcements have been made as of yet, Person adds that the Panthers intend to “absorb” these positions internally with no immediate plans to replace Spencer or Haines. This means their responsibilities could end up just falling to existing personnel like director of college scouting Jared Kirksey and assistant director of college scouting David Whittington.

The Most Lucrative ILB Contract In Each Franchise’s History

The 49ers have again made Fred Warner the NFL’s highest-paid off-ball linebacker. The franchise did this in 2021 as well. A team that has employed All-Pro NaVorro Bowman and Hall of Famer Patrick Willis over the past 15 years, the 49ers have spent on the high end to fortify this position. Other clubs, however, have been far more hesitant to unload significant cash to staff this job.

The $20MM-per-year linebacker club consists of only two players (Warner, Roquan Smith), but only four surpass $15MM per year presently. Last year saw the Jaguars and Jets (Foye Oluokun, C.J. Mosley) trim their priciest ILBs’ salaries in exchange for guarantees, and the Colts did not make it too far with Shaquille Leonard‘s big-ticket extension. Although some contracts handed out this offseason created optimism about this stubborn market, franchises’ pasts here do not depict a trend of paying second-level defenders.

Excluding rookie contracts and arranged by guaranteed money, here is (via OvertheCap) the richest contract each franchise has given to an off-ball ‘backer:

Arizona Cardinals

Atlanta Falcons

Baltimore Ravens

Buffalo Bills

Milano’s first extension (in 2021) brought more in overall value and fully guaranteed money, but the 2023 pact provided more in total guarantees

Carolina Panthers

Shaq Thompson‘s 2019 extension brought a higher AAV ($13.54MM), but Kuechly’s included more in guarantees

Chicago Bears

Cincinnati Bengals

Cleveland Browns

Dallas Cowboys

Denver Broncos

Dre Greenlaw‘s 2025 contract (three years, $31.5MM) brought a higher AAV but a lower guarantee

Detroit Lions

Green Bay Packers

Houston Texans

Azeez Al-Shaair checks in atop franchise history in AAV ($11.33MM) but fell short of McKinney’s in guarantees

Indianapolis Colts

Jacksonville Jaguars

Kansas City Chiefs

Las Vegas Raiders

Rolando McClain‘s 2010 rookie contract, agreed to in the final year before the rookie-scale system debuted, checked in higher in terms of guarantees ($22.83MM)

Los Angeles Chargers

Kenneth Murray‘s rookie contract (a fully guaranteed $12.97MM) narrowly eclipses this deal

Los Angeles Rams

Mark Barron‘s 2016 contract brought a higher AAV ($9MM) but a lower guarantee

Miami Dolphins

Minnesota Vikings

New England Patriots

  • Jerod Mayo; December 17, 2011: Five years, $48.5MM ($27MM guaranteed)

Robert Spillane‘s $11MM AAV leads the way at this position in New England, but the recently dismissed HC’s contract brought more guaranteed money

New Orleans Saints

New York Giants

Blake Martinez‘s free agency deal included a higher AAV ($10.25MM) but a lower guaranteee

New York Jets

Philadelphia Eagles

Pittsburgh Steelers

San Francisco 49ers

Warner secured more guaranteed money on this extension than he did on his five-year 2021 deal ($40.5MM guaranteed)

Seattle Seahawks

Tampa Bay Buccaneers

Tennessee Titans

Washington Commanders

Jamin Davis‘ fully guaranteed rookie contract brought a higher guarantee ($13.79MM)

NFL Minor Transactions: 5/20/25

Today’s minor moves:

Buffalo Bills

Carolina Panthers

Houston Texans

  • Signed: DB Keydrain Calligan

Pittsburgh Steelers

Seattle Seahawks

Moose Muhammad III was a notable UDFA signing by the Panthers considering his connection to the organization. The wide receiver’s father is Muhsin Muhammad, who is in the franchise’s Hall of Fame. Unfortunately, the younger Muhammad suffered an undisclosed injury that cost him his roster spot, although he’ll likely pass through waivers and land on the team’s IR.

NFL Draft Pick Signings: 5/13/25

The following 2025 draft picks signed their rookie contracts today:

Carolina Panthers

Kansas City Chiefs

Las Vegas Raiders

Los Angeles Rams

New Orleans Saints

Seattle Seahawks

Panthers Sign 19 Undrafted Free Agents

The Panthers have added the following 19 undrafted free agents to their rookie class:

Fitzgerald was thought to be a potential Day 3 pick after a stellar senior year at Florida State. He converted all 13 of his field goal tries with a 100% conversion rate that led all FBS kickers with at least 12 attempts. Fitzgerald was also perfect on his 14 extra points. He will compete with Matthew Wright for the Panthers’ kicking job in training camp.

Harrison-Hunte went undrafted despite a strong showing at the Combine. He’s an older prospect who will turn 25 by the start of his rookie year, but he had just one season of sustained production at SMU after five years at Miami. Still, he earned first-team All-ACC honors in 2024 with 8.5 tackles for loss and 6.5 sacks and will push for a roster spot in Carolina as an athletic interior disruptor.

Hudson was a rotational target at Auburn in 2020 and 2021 before transferring to UCF, where he emerged as a starter over the last three years. He scored 19 touchdowns across 34 starts at UCF, but his lack of elite athleticism and ball skills will necessitate further improvements in route-running in the NFL. Hudson will compete with several young Panthers receivers for a roster spot this summer.

Kandra started 24 games at right guard for Cincinnati over the past two years with second-team All-American honors in both seasons and a team captaincy and a first-team All Big-12 nod in 2024. He is a strong, fast blocker with a brawler’s mentality in the trenches, but his lack of flexibility and agility will limit him in the NFL. His physical traits and experience will have him pushing for a roster spot, but he may have to develop center versatility to see playing time early in his career.

The Panthers were aggressive in bringing in some of these rookies who just slipped out of the draft. Two of the cornerbacks, Thornton and Reid, received increased guarantees on their deals to ensure they sign. Thornton’s contract included $150K in guaranteed money, per Aaron Wilson of KPRC 2, while Reid’s deal contained $100K. George, the former Hurricanes receiver, was perhaps the most sought-after of Carolina’s signees. Tom Pelissero of NFL Network tells us that he received $215K in guaranteed money to sign with the Panthers, which is more in guarantees than he would’ve received had he got drafted in the sixth round.

Minor NFL Transactions: 5/9/25

Here are the minor NFL transactions to close out the week:

Arizona Cardinals

  • Received roster exemption (international player): OL Valentin Senn

Atlanta Falcons

  • Received roster exemption (international player): K Lenny Krieg
  • Waived: DT Junior Aho

Buffalo Bills

Carolina Panthers

Cincinnati Bengals

  • Received roster exemption (international player): S Dante Barnett

Detroit Lions

Houston Texans

Indianapolis Colts

Las Vegas Raiders

  • Waived (with failed physical designation): WR Jeff Foreman

Los Angeles Chargers

Minnesota Vikings

  • Received roster exemption (international player): P Oscar Chapman

New York Jets

  • Received roster exemption (international player): G Leander Wiegand

San Francisco 49ers

Seattle Seahawks

Dyson was cut from the team after news that running back Jonathon Brooksplacement on the physically unable to perform list would, in fact, still count him against the 90-man roster limit. They initially were told by the league that he would not count, but the updated guidance today necessitated that they lose a man.

Jackson joins Seattle’s undrafted free agent rookie class after they announced their 17 signees almost a week ago. A successful rookie minicamp tryout led to him securing a contract.

Similarly, Bentley, for whatever reason was also announced separately from the Colts’ UDFA class, even though the class was announced only a few hours before his signing. The 24-year-old hasn’t been a lead back since his 2020 season at SMU, but in three years apiece at SMU and Ole Miss, Bentley never averaged below five yards per carry in a season.

Panthers Sign WR Tetairoa McMillan, Five Other Draft Picks

Most of the Panthers’ draft class has been signed in advance of the team’s rookie minicamp. Six of the eight players selected during last month’s event have put pen to paper, per a team announcement.

The list of players now on the books includes Tetairoa McMillanThe No. 8 pick’s deal is four years in length, but like all first-round selections the fifth-year option will be in play for Carolina if the team wishes to keep him in place for 2029. Exercising the option would of course be a sign McMillan’s early years in the NFL have gone according to plan.

The Arizona product spent much of the pre-draft process viewed as the top receiver in the 2025 class (aside from two-way star Travis Hunter). Concerns about his top speed raised the possibility of a slide down the Day 1 order, but that did not prove to be the case. The Panthers – long thought to be targeting a defensive player with their top choice – took McMillan and by doing so added a first-round wideout for the second straight season under general manager Dan Morgan.

Quarterback Bryce Young advocated for the McMillan selection, one which should give him a sizable target early and often with the Panthers. McMillan totaled 2,721 yards and 18 touchdowns across the past two seasons, demonstrating his skillset as a contested catch specialist and red zone threat along the way. An All-American in 2024, he will be counted on to operate as a possession receiver for a Panthers team in need of improved play in the passing game moving forward.

Many expected Carolina to target an edge rusher at the No. 8 spot. Instead, the team waited to address that need on Day 2, preferring the depth amongst pass rushers compared to receivers in this year’s class. That resulted in the Panthers’ second- and third-round selections being used to help an edge rush group in need of increased production for 2025.

One of those new faces is third-rounder Princely Umanmielen. The Ole Miss product has inked his rookie deal, joining safety Lathan Ransom (fourth round, Ohio State), defensive tackle Cam Jackson (fifth round, Florida), tight end Mitchell Evans (fifth round, Notre Dame) and receiver Jimmy Horn (sixth round, Colorado) in that regard. Only two draftees – Nic Scourton and Trevor Etienne – are unsigned at this point.