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Panthers create cap space by restructuring Robby Anderson’s deal

Deshaun Watson is reportedly deciding between the Saints and the Falcons, but Peter King believes whichever team lands him must be prepared to face intense backlash from fans.

The Panthers will not land quarterback Deshaun Watson, despite a long pursuit. But the team has nevertheless moved to create some financial flexibility for the rest of its offseason.

According to ESPN’s Field Yates, Carolina has converted $11.765 million of receiver Robby Anderson’s 2022 pay into a signing bonus. That has created $5.9 million in cap space.

Anderson joined the Panthers on a two-year, $20 million deal in 2020 — reuniting him with his college coach, Matt Rhule. After posting a career season in his first year with Carolina, Anderson signed a two-year $29.5 million extension to put him under contract through 2023.

But the receiver’s 2021 season was a disappointment, as he caught only 53 passes for a career-low 519 yards in 17 games.

In six seasons, Anderson has 335 catches for 4,674 yards with 28 touchdowns.