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Carolina Panthers sign Gerald McCoy to one-year contract

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NFL: Carolina Panthers at Tampa Bay Buccaneers Kim Klement-USA TODAY Sports

Gerald McCoy is staying in the NFC South.

While the Baltimore Ravens and Cleveland Browns were the frontrunners to sign the former Tampa Bay Buccaneers defensive tackle, the third team in consideration ended up agreeing to a deal with McCoy. ESPN’s Adam Schefter reported on Monday that McCoy’s contract with the Carolina Panthers is one-year and worth up to $10.25 million.

The Panthers freed up some cap space by releasing left tackle Matt Kalil and restructuring WR Torrey Smith’s contract.

NFL Network’s Ian Rapoport then broke down how the $10.25 million value worked itself out.

The Buccaneers were set to pay McCoy $13 million for the final season of his contract, and with no suitable trade partners, they released the six-time Pro Bowl selection outright. Now he’ll be facing his former team twice this season, which I’m sure Bucs fans are elated to hear.

Carolina has spent a king’s ransom on its defensive line, which had a very poor pass rush last season. The McCoy signing means they’ve spent the most money at that position in the NFL.

...And who are they paying for, you may be asking? Well the big names here are Kawann Short and Gerald McCoy, but also veterans Dontari Poe and ex-Seahawk Bruce Irvin, as well as rookies Brian Burns and Christian Miller.

Just for the record, the Seahawks are at the Carolina Panthers in Week 15.