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Panthers free agency: Tight end Ed Dickson to sign with Seattle Seahawks, per reports

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The Seahawks are interested in signing the former Panthers tight end, which would greatly help Carolina’s compensatory pick formula.

Update (11:32 a.m. ET) - According to a tweet from NFL Network’s Mike Garafolo, the deal is done and Dickson will sign with the Seahawks.

Ian Rapoport confirms the signing and adds that it’s a three year contract worth up to $14 million with the first year fully guaranteed.

According to a tweet from NFL Network’s Ian Rapoport, the Seattle Seahawks are meeting with free agent tight end Ed Dickson and are hopeful that a deal will be done soon.

Joe Person confirms the report on Twitter.

What this means for the Panthers

Dickson signing with another team would be a tremendous benefit to the Panthers’ compensatory pick formula. As of this writing, the Panthers have lost free agents Andrew Norwell (Jaguars) and Star Lotulelei (Bills) and have gained free agents Bashaud Breeland (Washington) and Dontari Poe (Falcons).

In order for NFL teams to receive compensatory picks, they have to lose more free agents than they sign. Currently, the Panthers stand to lose their third round compensatory pick they would receive for losing Norwell because they have signed the same amount of free agents as they have lost - this is not an ideal situation.

If the Seahawks sign Dickson, the Panthers will have gained two free agents while losing three, which swings the pendulum back into the Panthers’ favor. So yeah, if you guys could make that happen it would be great.

If you’re a Panthers fan, you want the Seahawks to sign Ed Dickson. You also want the Panthers to sign Eric Ebron instead of Luke Willson to replace him, because Ebron doesn’t affect the Panthers’ compensatory pick formula since he was released by the Lions.

(Side note: Tyrann Mathieu also would not affect the comp pick formula. Just saying.)

Feel free to share your thoughts about all the good things Seattle has to offer, just in case Ed Dickson happens to stumble across this thread, Panthers fans.