The Panthers placed Penny on the reserve/retired list Tuesday, Art Stapleton of The Bergen Record reports.
There are always a few retirements this time of year, with players realizing they're unlikely to earn a roster spot and don't have much of a future in the league. Penny was a first-round pick for Seattle back in 2018 but played only 45 games over six NFL seasons amidst a slew of injuries. He had a memorable stretch at the end of the 2021 campaign, amassing 135 or more rushing yards four times over the final five weeks, but his 671 rushing yards during that stretch represent 34.4 percent of his career total.
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Panthers' Rashaad Penny: Officially lands with Carolina
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The Panthers agreed to terms with Penny on Monday.
Penny is now 28 years old and spent last season in Philadelphia, where he appeared in just three regular-season games and was routinely a healthy scratch on game days. When healthy in Seattle from 2018-2022, he was electric with the ball in his hands, averaging a lethal 5.7 yards per carry on 337 rushing attempts, but an inability to stay on the field was his downfall. He has a history with new Panthers coach Dave Canales from their time together in Seattle, and Penny gives the Panthers backfield some more experience behind Chuba Hubbard and rookie Jonathon Brooks. There has been chatter that Miles Sanders' time may be running out with the team after just one season in Carolina.
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Rashaad Penny: Intends to sign in Carolina
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Penny plans to sign with the Panthers, Jeremy Fowler of ESPN.com reports.
Penny's signing is expected to become official after the conclusion of Carolina's rookie minicamp, which ends May 12. The 2018 first-rounder is coming off a forgettable season with Philadelphia, where he was a healthy scratch for all but three contests and spent most of the year operating as the team's fourth running back. With the Panthers, Penny is in line to join a crowded backfield that includes rookie second-round pick Jonathon Brooks (ACL), who is expected to be ready for training camp, along with veterans Chuba Hubbard and Miles Sanders.
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Eagles' Rashaad Penny: Non-factor for new team
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Penny finished the season with 11 carries for 33 yards in three regular-season games, adding one catch for five yards.
Penny entered the season with a fair amount of hype, as he had a potentially large share of the carries for a productive offense available to him if he could finally stay healthy. Injuries were in fact not a problem for Penny this season, but rather than competing for the No. 1 job, he spent the year as the Eagles' fourth running back and was a healthy scratch in all but three games.
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Eagles' Rashaad Penny: Season-high six carries
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Penny was more involved than he had been all season for the Eagles on Sunday but managed a modest 16 yards on six carries at the Giants.
Penny's signing generated some intrigue over the offseason, with the thought that a change of scenery could help the oft-injured running back. Instead, he was almost a complete non-factor, seeing the field for only 30 offensive snaps all season. Twenty of those came Week 18, with D'Andre Swift out due to illness and the Eagles resting several starters in the second half.
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Eagles' Rashaad Penny: Stuck on sidelines
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Penny did not see the field in Sunday's loss to the Cardinals.
The Eagles had four active running backs in Sunday's game, but neither Penny nor Boston Scott received a single offensive snap. Penny has appeared in only two games all season, carrying the ball five times for 17 yards.
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Eagles' Rashaad Penny: Surprise active in Week 17
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Penny is active for just the third time this season for Sunday's Week 17 clash against the Cardinals, Zach Berman of AllPhly.com reports.
Penny will presumably serve as a depth back behind D'Andre Swift and Kenneth Gainwell and also slot in as the backup kick returner, per Berman. The 2018 first-round pick of the Seahawks has logged just five touches all season, but with the Eagles heavily favored and facing a Cardinals defense allowing an NFL-high 147.0 rushing yards per game, Penny could have a rare opportunity to make an impact.
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Eagles' Rashaad Penny: Healthy scratch again
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Penny (coach's decision) is inactive for Monday's game against the Giants.
Penny once again enters gameday on the Eagles' inactives list, with Week 9 being the last time he took an offensive snap. The 2018 first-round pick continues forth on a disappointing campaign with Philadelphia, having only appeared in two games thus far this season.
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Eagles' Rashaad Penny: Inactive for fourth straight week
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Penny (coach's decision) is inactive Sunday against the Cowboys.
Penny last suited up in Week 9 against Dallas when he rushed for eight yards on two carries. D'Andre Swift will lead the Eagles' backfield, with Kenneth Gainwell and Boston Scott serving as running back depth.
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Eagles' Rashaad Penny: Out for Week 13
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Penny (coach's decision) is inactive for Sunday's game against the 49ers.
This is the third straight game in which Penny has been a healthy scratch after he was activated in Week 9 against the Cowboys. It'll be tough for Penny to crack into the backfield rotation unless there's an injury to D'Andre Swift, Kenneth Gainwell or Boston Scott.
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Eagles' Rashaad Penny: Remains inactive Week 12
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Penny (coach's decision) is inactive for Sunday's game against the Bills.
The reserve running back was able to get on the field for two snaps in Week 9 against the Cowboys, but he was back to inactive status Monday night against the Chiefs following the Week 10 bye and is once again in street clothes Sunday. Penny doesn't figure to see any action unless injuries befall one of D'Andre Swift or Kenneth Gainwell in front of him.
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Eagles' Rashaad Penny: Inactive Monday
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Penny (coach's decision) will not play in Monday's matchup with the Chiefs.
Penny rushed twice for eight yards in the Eagle' Week 9 victory over the Cowboys. With D'Andre Swift, Kenneth Gainwell and Boston Scott healthy ahead of him, Penny will draw a healthy scratch Week 11.
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Eagles' Rashaad Penny: Plays two offensive snaps
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Penny rushed twice for eight yards in Sunday's 28-23 win over the Cowboys.
The absence of Boston Scott (personal) allowed Penny to suit up for just the second time all season, but his role as the Eagles' third back was a very small one. He saw the field for just two offensive snaps, though he can at least take solace in the fact that the team called his number whenever he was in the game. Penny's role can't get much smaller when the Eagles return from their Week 10 bye, but it doesn't appear to be on the verge of getting much larger, either.
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Eagles' Rashaad Penny: Active in Week 9
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Penny is active for Sunday's game against the Cowboys.
The offseason addition had garnered active status only once prior to Sunday in his brief Eagles tenure, with that transpiring back in Week 2. However, the Week 9 absence of Boston Scott (personal) opens the door for Penny to get back in uniform against the Cowboys, albeit as the projected No. 3 back behind D'Andre Swift and Kenneth Gainwell.
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Eagles' Rashaad Penny: Healthy scratch for Week 8
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Penny (coach's decision) is inactive for Sunday's game against the Commanders.
This marks the third game in a row with Penny being a healthy scratch. His chance to suit up will come if D'Andre Swift, Kenneth Gainwell or Boston Scott miss time.
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Eagles' Rashaad Penny: No go for Week 7
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Penny (coach's decision) is inactive for Sunday's contest with the Dolphins.
Penny will once again be a healthy scratch in Week 7 versus Miami. The Eagles will ride with D'Andre Swift, Kenneth Gainwell and Boston Scott as their active running backs.
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Eagles' Rashaad Penny: Healthy scratch in Week 6
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Penny (coach's decision) is inactive for Sunday's game against the Jets.
Penny dealt with an illness that served as an official reason for his Week 5 absence, but he's back to being a healthy scratch for Sunday's contest. As long as D'Andre Swift, Kenneth Gainwell and Boston Scott are healthy in front of him, Penny looks likely to continue to be frozen out of the team's offense.
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Eagles' Rashaad Penny: Full practice after illness
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Penny (illness) was a full practice participant Wednesday.
Penny was a late addition to the Eagles' Week 5 injury report Saturday due to an illness, which left him doubtful to suit up Sunday at the Rams. He was ultimately inactive for the third time in five games to begin the campaign, which seemingly will be his fate as long as the rest of Philadelphia's backfield members are healthy. With all of D'Andre Swift, Kenneth Gainwell and Boston Scott avoiding Wednesday's practice report, another absence may be in store for Penny this Sunday at the Jets.
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Eagles' Rashaad Penny: Inactive, as expected
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Penny (illness) is inactive for Sunday's game against the Rams.
Penny was added to the injury report Saturday with the illness, and as is often the case with those type of scenarios, he's been relegated to inactive status Sunday. Considering Penny had already been a healthy scratch in three of the first four games of the season, his absence won't have any impact on fantasy lineups. Penny's next chance to suit up comes in a Week 6 interconference matchup against the Jets.
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Eagles' Rashaad Penny: Not active Sunday
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Penny (coach's decision) is listed as inactive Sunday against the Commanders.
Penny now has been a healthy scratch in two of four games to kick off the campaign, with his four touches to date going for 14 yards from scrimmage. While Penny dons street clothes again, the Eagles will continue to roll with D'Andre Swift as their primary running back, with Kenneth Gainwell and Boston Scott candidates to get any RB touches that linger.