Panthers WR Torrey Smith agrees to take $2 million pay cut
Torrey Smith has agreed to a deal that will help the Carolina Panthers gain additional salary cap space for the upcoming season.
Last year, Smith was traded to the Panthers from the Philadelphia Eagles. Ahead of his second season with the Panthers, Smith is doing the team a favor by agreeing to a $2 million pay cut, according to ESPN’s Field Yates. Smith was set to earn $5 million for the 2019 season.
Panthers WR Torrey Smith has agreed to a pay cut of $2M, per source. He was due a $5M non-guaranteed salary this season, but is now owed a $2M base salary and $1M more in bonuses. This creates $2M In cap space for Carolina.
— Field Yates (@FieldYates) May 31, 2019
As Jourdan Rodrigue of the Charlotte Observer adds, the cap space freed up by Smith’s new deal could play a part in the team’s free agency plans. Six-time Pro Bowl defensive tackle Gerald McCoy, who was released by the Tampa Bay Buccaneers last week, is planning to visit Carolina.
A little more cap wiggle room for the Panthers with DT Gerald McCoy in town. The plot thickens. https://t.co/0bGxAFLxTe
— Jourdan Rodrigue (@JourdanRodrigue) May 31, 2019
In 11 games last season for the Panthers, Smith had 17 receptions for 190 yards and two touchdowns.