The Panthers will be clearing some space under the cap by parting ways with a safety.
Coleman was set to make a base salary of $3.5 million in 2018 with a cap hit just under $5.2 million. The move will leave $2.5 million in dead money on Carolina’s cap.
Coleman joined the Panthers as a free agent in 2015 and started all 42 regular season games he played over the last three seasons. He started 12 games in 2017 and made 76 tackles.
UPDATE 2:09 p.m. ET: The Panthers announced Coleman’s release on Monday afternoon.