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
The Carolina Panthers continued to churn their roster Tuesday, opting to decline the 2020 option on wide receiver Jarius Wright, according to Ian Rapoport of NFL Network.
The Panthers had a deadline of March 17 to exercise the option. Wright was also set to receive a roster bonus of $500,000 on March 20. As Rapoport notes, the move will save $3 million in salary cap space for the Panthers. Wright will now become an unrestricted free agent.
Over the Cap projects the Panthers to have around $34 million in cap space after adjusting for the decision to move on from Wright.
Wright had 28 catches for 296 yards and no touchdowns in 2019. In 2018, Wright caught 43 passes for 447 yards and one touchdown.
Wright’s option was one of two the Panthers have to decide on for 2020, with the other being Dontari Poe. Carolina has until March 15 to exercise Poe’s option, otherwise he also becomes an unrestricted free agent.