Anderson agreed to restructure his contract with the Panthers on Friday, creating $5.9 million in cap space, Field Yates of ESPN reports.
To do so, Carolina converted $11.8 million of Anderson's salary into a signing bonus. Anderson, who is heading into his age-29 season and is approaching the final year of his deal with the Panthers, is currently staring down a developing quarterback situation. With just Sam Darnold and P.J. Walker currently holding down the fort in Carolina's quarterback room, it seems all but certain that the team will explore more options for the 2022 season.