The Panthers released Palardy (knee) on Friday, Jeremy Fowler of ESPN.com reports.
The Panthers also released safety Tre Boston, with the moves freeing up about $11.5 million in salary cap space for the team, Brittney Melton of the Associated Press reports. Palardy didn't suit up for a single game during the 2020 campaign due to the torn ACL he suffered last July. The 28-year-old will now look to catch on with another team and resume his punting duties in the upcoming season.