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. According to Over the Cap, that’ll give them around $35 million in cap space to play with. Some of that money will need to go towards replacing Wright, as DJ Moore, Curtis Samuel, Brandon Zylstra, Ishmael Hyman, and Damion Jeanpiere are currently the only wide receivers under contract. That’s not a super inspiring group.
In Wright’s two seasons with the Panthers, he caught 71 passes for 743 yards and a touchdown. He was a reliable safety valve and third down target for Cam Newton in 2018, but poor quarterback play killed his production in 2019. He’ll try to latch onto a team as a steady third or fourth wide receiver.