Smith announced his retirement from the NFL via Twitter on Friday.

EDGE Analysis

Smith was released by the Panthers at the start of September and will call it a career rather than attempt to latch on elsewhere. The 30-year-old played for the Ravens, 49ers, Eagles and Panthers over eight NFL seasons and totaled 319 receptions for 5,141 yards and 41 touchdowns in 119 games.

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.

Smith has been targeted three times while featuring in two of the Panthers' three preseason contests so far.

EDGE Analysis

Smith sat out Carolina's opening exhibition tilt, but featured sparingly both of the team's past two outings. Although he wasn't targeted in Thursday night's game against the Patriots, he drew three looks against the Bills the week prior. Now, the veteran couldn't haul in any of those looks, but he's at least seen some action ahead of the regular season, when he should serve as either the Panthers' fourth or fifth receiver, depending on how pegging between he and Chris Hogan shakes out behind D.J. Moore, Curtis Samuel and Jarius Wright.

Smith (knee) was removed from the preseason PUP list Saturday, Greg Newton of ESPN.com reports.

EDGE Analysis

Reports out of Carolina seemed to suggest the team was simply playing it safe with the health of its veteran wide receiver. Smith, who put together career-worst figures across the board last season, will be competing for a depth role along with Chris Hogan, Jarius Wright, Aldrick Robinson and Rashad Ross, while D.J. Moore and Curtis Samuel command the bulk of the targets.

Smith (knee) will open training camp on the Panthers' preseason PUP list, Jourdan Rodrigue of The Athletic reports.

EDGE Analysis

The 30-year-old logged just 17 catches for 190 yards and a pair of scores in 11 games with the Panthers in 2018. With D.J. Moore and Curtis Samuel destined for key roles in the Carolina offense, Smith -- once healthy -- will merely be jostling for depth slotting along with Chris Hogan, Jarius Wright, Aldrick Robinson and Rashad Ross.

Smith is dealing with a knee injury, Jourdan Rodrigue of The Charlotte Observer reports.

EDGE Analysis

Smith has been limited in offseason workouts due to a previously undisclosed injury. While the receiver was able to catch practice balls from a JUGS machine during June's minicamp, it's not certain how involved he'll be from the outset of training camp next month. As it stands, Smith appears to be entering camp as nothing more than the No. 5 wideout in a passing offense that seemingly revolves around running back Christian McCaffrey.

Smith is rehabbing from an undisclosed injury, Jourdan Rodrigue of The Charlotte Observer reports.

EDGE Analysis

Smith is missing out on OTAs and may not be ready for mandatory minicamp June 11-13. He recently accepted a pay cut, which should improve his odds of sticking around on the 53-man roster. The 30-year-old wideout was hampered by a knee injury last season, catching just 17 passes in 11 games (six starts) his first year in Carolina. With D.J. Moore and Curtis Samuel locked in for key roles, Smith will be part of a competition that includes Chris Hogan, Jarius Wright, Aldrick Robinson and Rashad Ross.

Smith agreed to a restructured contract with Carolina that will pay him $2 million in 2019, Field Yates of ESPN reports.

EDGE Analysis

Smith was on a non-guaranteed $5 million contract for 2019 prior to the restructure and was potentially facing release if he didn't agree to pay cut. His new deal includes up to $1 million in bonuses and gives the Panthers an additional $2 million in salary cap room.

The Panthers picked up Smith's contract option for 2019, Max Henson of the Panthers' official site reports.

EDGE Analysis

Given his sizable cap hit and minimal 2018 contribution, it's surprising to see Smith keep his place on the roster without accepting a pay cut. The Panthers could change their minds later this offseason, as Smith's 2019 compensation consists solely of a non-guaranteed $5 million base salary, per overthecap.com. The 30-year-old wideout figures to serve as a low-volume deep threat if he stays with the Panthers.

Smith finished the 2018 regular season with 17 catches on 30 targets for 190 yards and two touchdowns in 11 games played.

EDGE Analysis

Smith inked a three-year, $15 million contract after winning last season's Super Bowl with the Eagles, but failed to return much on the Panthers' investment. In fact, the 29-year-old set career lows in all major receiving categories. While a knee injury caused him to miss a handful of games, it'll be interesting to see whether Carolina decides to bring him back for the 2019 campaign.