The Carolina Panthers on Wednesday announced that they rescinded their franchise tag offer to cornerback Josh Norman, making the 28-year-old Pro Bowler an unrestricted free agent following the best season of his career.
Panthers General Manager Dave Genttleman stated on Thursday that there was “a lot” that went into taking the $14 million offer away. In turn, it gave the team flexibility in evaluating the market, he said, but it was strictly what was best for the organization.
“You have to understand you can’t keep everybody. It’s impossible,” said Genttleman. “So now you have to decide who you’re going to allow to graduate. We’ve got some really good, young talent. This was a business decision. That’s what this is folks, a business decision.”
By clearing his tag number, the Panthers now have approximately $31 million in salary cap space. With that, according to Genttleman, they will attempt to sign defensive end Kawann Short to a long-term deal.
Despite Norman never signing the offer, the Panthers said that wasn’t a factor in rescinding the offer. It did however, give the front office flexibility in taking it back.
After the decision, Norman switched his agent and hired Ryan Williams of Athletes First. Former agent Michael George of SFX will remain on his representative team, but Williams will negotiate all contract talks.
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