Panthers release RB Miles Sanders, clear $5.225M cap space

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CHARLOTTE, N.C. - The Carolina Panthers cleared a significant amount of salary cap space on Tuesday by releasing running back Miles Sanders the day before the start of the NFL's new year.

Sanders, 27. was scheduled to count $8,175,000 against the 2025 cap. Releasing him will save the team $5.225 million.

The decision to move on from the 2019 second-round pick by the Philadelphia Eagles came after a failed attempt to agree on a restructured deal, a league source told ESPN's Jeremy Fowler.

Sanders signed a four-year, $25.4 million deal in 2023 following the hiring of then-coach Frank Reich. He was replaced as the starter by Chuba Hubbard late that season and retained the job…