CHARLOTTE, NORTH CAROLINA - JUNE 04: Dan Morgan, President of Football Operations and General Manager of the Carolina ...

The Carolina Panthers only have a little over $32 million in cap space this year. That's middle of the pack in terms of the overall NFL, but the Panthers have a lot of holes to fill with that money.

The Carolina Panthers released Clowney on Thursday, a league source confirmed. ESPN was the first to report the move. The move will open up $7.78 million in salary cap space, according to Over The ...