The Panthers added a new receiver without tying up much cap space.
The one-year, $1.2 million deal includes a split salary of $383,000, which will reduce his base salary of $725,000 if he ends up on injured reserve.
Hixon also gets a $250,000 signing bonus, $12,500 per game that he’s on the active roster, and a workout bonus of $25,000.
Hixon entered the league in 2006 as a fourth-round pick of the Broncos. He landed with the Giants after four games in 2007, played in New York ever since, and won a couple of Super Bowl rings along the way.