The Panthers released Smith on Sunday, Adam Schefter of ESPN reports.

EDGE Analysis

The veteran had played sparingly throughout the preseason, and saw just three targets in his appearances. Smith was originally set to become the team's fourth or fifth receiver, but with the team claiming Brandon Zylstra and Ray-Ray McCloud off waivers Sunday, elected to cut the veteran. He's now free to sign with any team, and could find himself on a roster before too long, considering his wealth of NFL experience.