By Anthony Caruso III | Publisher
The Carolina Panthers have mutually agreed to release long-time tight end Greg Olsen. This move could lead to his eventual retirement.
Olsen has been considering retirement since the end of the season. This is the second straight off-season that Olsen has considered walking away from the sport.
Even though he considered retirement last off-season, he came back for potentially once last dance. He was emotional when he was talking to the media after the Panthers final game of the 2019 season in December.
“Today, I had an opportunity to sit down with [GM] Marty Hurney and have a great conversation regarding my future with the organization,” Olsen said in a statement released on Twitter. “The team and I are both on the same page that is best, we go in a different direction for now. July 29th, 2011 is a day I will always remember. It is a day that set forth a life and career I had only dreamed about. From the day I arrived in Charlotte, the community embraced not only me, but my entire family.”
He had one-year left on his contract before the Panthers made this transaction. Despite making this move, Carolina will have a $3.6 million dead cap hit.
The Panthers saved $7.9 million by making this move before June 1st.
He appeared in 13 games this season and started every game he played in. Olsen had 50 receptions for 585 yards and two touchdowns.
If he does retire, Olsen will leave the sport as a Top 10 tight end in receptions, receiving yards, and touchdowns. The 34-year-old Paterson, New Jersey native would leave with 718 receptions for 8,444 yards and 59 touchdowns.
While he left the door open for a return to the NFL, Fox Sports is expected to offer him a broadcasting job. He has already broadcasted two games for NFL on FOX.
In addition, beginning in February, Olsen will be working with Fox Sports again, as he broadcasts XFL on Fox.