The Panthers waived Sterns (undisclosed) with a failed physical designation Thursday, Anthony Rizzuti of USA Today reports.
Sterns was claimed off waivers by the Panthers on Tuesday after being let go by the Broncos the day prior. However, the 2021 fifth-round pick is back on the market after failing his physical. Once healthy, Sterns will look to catch on with another team in need of depth in the secondary.