Panthers safety Vonn Bell was released on Monday before he was due a $3 million roster bonus, according to multiple reports.
Releasing Bell creates $1.05 million under the salary cap for Carolina in 2024.
Bell spent just one season with the Panthers, who signed the former Bengals safety on the opening day of free agency last March.
Carolina confirmed another move Monday, re-signing long-snapper JJ Jansen to a one-year deal. Jansen, 38, owns the franchise record with 243 games played.
Bell, 29, missed four games last season after starting 48 the previous three seasons with the Bengals. He had never missed more than three games in a season due to injury before 2023.
Bell spent the first four seasons of his career with the Saints and has 705 tackles, 9.5 sacks and seven interceptions in 122 career games.
