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Gerald McCoy signs with the Carolina Panthers

Gerald McCoy agreed to terms on Monday with the Carolina Panthers on a one-year deal worth $8.5 million, with an opportunity for that figure to increase to $10.25 million based on incentives, according to Adam Schefter. The signing bonus is worth $4 million.

Panthers are giving DT Gerald McCoy a one-year deal worth up to $10.25 million that includes a $4 million signing bonus, per source.

— Adam Schefter (@AdamSchefter) June 3, 2019

McCoy was a big-name defensive tackle who was released by the Tampa Bay Buccaneers on May 20, and he had many teams vying for his services in the immediate aftermath.