Panthers Pull Franchise Tag On CB Josh Norman, Making Him A Free Agent

The Carolina Panthers have pulled the franchise tag off CB Josh Norman. It's a stunning move, as many expected the Panthers to at least keep Norman for another season if they couldn't reach a long-term deal. 

The #Panthers have rescinded the non-exclusive franchise tag on CB Josh Norman immediately making him an unrestricted free agent.

— Carolina Panthers (@Panthers) April 20, 2016

"After a number of conversations with Josh’s agent we realized that a long-term deal was not attainable." Panthers GM Dave Gettleman said. "We thank Josh for all his contributions and truly wish him well."

The move is completely unexpected, as Norman was one of the top CBs in the NFL last season. Now a free agent, plenty of teams will be interested in adding him. According to Mike Garafolo of Fox Sports, Norman was looking for a deal worth $16 million per year. Darrelle Revis and Richard Sherman make roughly $14 million per year as the league's highest-paid CBs. 

The last time the franchise tag was rescinded was in 2009, when the Seahawks pulled it from Leroy Hill. The Eagles also pulled it from Corey Simon in 2005. 

As for the Panthers, corner now becomes a major need for the team. They could spend an early pick on the position. 

This is a developing story. Refresh for further updates.