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The Panthers released Sanders on Tuesday, Jonathan Jones of CBSSports.com reports.

Sanders made it through two seasons of a four-year, $25.4 million contract, mostly backing up Chuba Hubbard during that time. The deal ended up being a disaster for Carolina, with Sanders arguably the most overpaid running back in the league. He'll turn 28 in May and seems unlikely to be handed a prominent spot in another backfield.

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