Panthers will decline team option on Jarius Wright’s contract

Bob Donnan-USA TODAY SportsAccording to Ian Rapaport of NFL Network, the Carolina Panthers will decline their option on Jarius Wright’s contract, making him a free agent.

The rebuild continues for the #Panthers, who will decline the contract option for veteran WR Jarius Wright, source said. Declining the $1M fully guaranteed option makes Wright a free agent and let’s Carolina free up $3M in cap space.

— Ian Rapoport (@RapSheet) February 25, 2020 As Rapaport notes in the Tweet, this move will free up $3 million for the Panthers this offseason. According to Over the Cap, that’ll give them around $35 million in cap space to play with. Some of that money will need to go towards replacing Wright,…