Charles Godfrey DB ATL 2 Months

Godfrey agreed to a contract with the Falcons on Tuesday, the Atlanta Journal-Constitution reports.

Godfrey played seven seasons with the Panthers before being released Oct. 21. He started just one game for the Panthers this season, but he could see immediate action for a Falcons team that has struggled to defend the deep ball.

Charles Godfrey DB ATL 2 Months

Godfrey will be released by the Panthers on Tuesday, ESPN reports.

Godfrey has spent his entire seven-year career with the Panthers, but upon tearing his Achilles in Week 2 of last season, the veteran has been reduced to a reserve role. In fact, Godfrey was moved from free safety to the Panthers' nickel cornerback position this offseason, only to have rookie fifth-rounder Bene Benwikere displace him on the depth chart in advance of Week 1. With his time in Carolina now over, the 28-year-old Godfrey should garner a decent amount of interest on the free agent market.

Charles Godfrey DB ATL 4 Months

Godfrey played in Sunday's second preseason game and made three tackles (two solo) versus Kansas City.

Godfrey sat out Carolina's opener with a sore Achilles, but returned to action Sunday in his new nickel cornerback role. The converted safety played cornerback in college, but showed clear signs of rust in his first NFL game at the position Sunday. As such, Godfrey could use the Panthers' final two exhibition outings to gain valuable experience in his new role before the regular season kicks off.

Charles Godfrey DB ATL 7 Months

Rookie CB Bene Benwikere and former safety Charles Godfrey will compete for the slot corner duties in Carolina.

Godfrey is being moved to corner full time this season and will compete for an every-down role. Short of that, Godfrey will be expected to man the slot in nickel packages. He could get a run for his money from fifth-rounder Benwikere. Benwikere ran a slow 40 at the Combine but show impressive burst with a 40+ inch vertical jump and a 10-foot-2 broad jump. Both players should see defensive snaps this season.

Charles Godfrey DB ATL 7 Months

Panthers GM Dave Gettleman said the team is moving Charles Godfrey to cornerback full-time.

Godfrey took a $4.25 million pay cut last week to keep his roster spot, and he's now going to be asked to cover the slot for the Panthers. Thomas DeCoud will handle free safety, while Roman Harper holds down the strong safety spot. Godfrey started 20-plus college games at corner for Iowa in the mid-2000s.

Charles Godfrey DB ATL 8 Months

Panthers FS Charles Godfrey has agreed to a pay cut.

Godfrey's base salary has been slashed from $5 million to $750,000. He can earn $1.7 million of it back via per-game roster bonuses. The move creates over $4 million in cap room for the cap-strapped Panthers. Godfrey is coming off a torn Achilles' and is expected to handle free safety and nickel corner duties.

Charles Godfrey DB ATL 9 Months

The Panthers are expected to use FS Charles Godfrey as a slot corner in Nickel packages.

Godfrey should open the season as the Panthers' starting free safety and will replace Captain Munnerlyn as the nickel back in sub-packages. He's currently set to count $7.1 million against the cap and is a candidate to restructure coming off an Achilles injury. Godfrey is unlikely to be a cap casualty because releasing him would leave $5 million in dead money. His status for OTAs remains questionable.

Charles Godfrey DB ATL 9 Months

Panthers GM Dave Gettleman was noncommittal on the status of FS Charles Godfrey's future with the team.

Gettleman said Godfrey, who tore his Achilles' in Week 2, has to get healthy first. He's currently counting $7.1 million against the cap, while releasing him would leave $5 million in dead money. If the Panthers add a safety in May's draft, they could skate by with a rookie and Roman Harper on the back end. The more likely scenario would be to try and get Godfrey to take a pay cut.

Charles Godfrey DB ATL 11 Months

ESPN Panthers Blogger David Newton considers FS Charles Godfrey a candidate to restructure his contract.

Godfrey appeared in just two games last season due to an Achilles injury and is set to count $7.1 million against the cap in 2014. Releasing Godfrey would leave $5 million in dead money, so the Panthers will almost certainly ask him to renegotiate or take a pay cut. With FS Mike Mitchell an impending free agent, Carolina's best option could be to bring back Godfrey on a restructured contract. Godfrey is signed through 2016, so the Panthers would save $2.1 million and free up future cap space by cutting him this offseason.

Charles Godfrey DB ATL 11 Months

Panthers FS Charles Godfrey has a 2014 cap number of $7.1 million.

Godfrey tore his Achilles' tendon in Week 2 and was subsequently placed on injured reserve. Mike Mitchell stepped in at free safety and proceeded to post a career year while picking off four passes. The problem with simply moving on from Godfrey is that he'd leave $5 million in dead money behind and Mitchell is an unrestricted free agent. It's a tricky call for the Panthers, who could end up asking Godfrey to renegotiate.