Panthers release Eric Reid 1 year after contract extension

Carolina Panthers graphic by MGN.
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Wednesday, March 18, 2020

CHARLOTTE, N.C. (AP) — The Panthers have released Eric Reid just 13 months after giving the veteran safety a three-year, $22 million contract extension. Panthers general manager Marty Hurney extended Reid's deal in February of 2019 and gave him a $9 million signing bonus.

The decision to release Reid means the Panthers will be on the hook for $5 million in dead money. The Panthers re-signed safety Tre Boston to a three-year, $18 million contract on Tuesday. They also agreed to terms with free agent safety Juston Burris from the Browns earlier this week.