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Panthers make multiple moves on Monday, according to source. What do they mean?

The Carolina Panthers informed veteran nickel cornerback Captain Munnerlyn he will be released, a league source told the Observer on Monday morning.

The Panthers also told safety Mike Adams that they will not renew his contract, according to the source.

The team later confirmed the news.

Munnerlyn, a South Carolina Gamecock and former seventh-round pick of the Panthers, has played seven of his 10 NFL seasons with the Panthers, including the past two.

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Munnerlyn had a year left on his contract.