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Sources: Panthers moving on from CB Donte Jackson

CHARLOTTE, N.C. -- The Carolina Panthers are moving on from cornerback Donte Jackson.

The 55th pick of the 2018 draft will be traded or released, a league source told ESPN's Jeremy Fowler.

Jackson is set to count $15.7 million against the 2024 cap. He is due a $4 million roster bonus on March 16.

Releasing the former LSU star will save Carolina $5.9 million on the salary cap, $10.5 million if there is a post-June 1 designation. Carolina currently has $37.7 million in cap space, according to ESPN's Roster Management.

Jackson's career has been plagued by injuries.