Renfrow and the Panthers agreed on a one-year contract Sunday, Ian Rapoport of NFL Network reports.

EDGE Analysis

Renfrow will make his return to the NFL after taking a season off in 2024. The wide receiver most recently reeled in 25 of 37 targets for 255 yards over 17 games with the Raiders in 2023. Renfrow's best campaign came in 2021, when he caught 103 of 128 targets for 1,038 yards and 10 touchdowns with Las Vegas while appearing in the Pro Bowl after that season. The 29-year-old is a Myrtle Beach, South Carolina, native and attended Clemson for college, so he'll now be looking to get his career back on track with what is effectively his hometown team in 2025.

The Raiders are hosting Renfrow for a visit Friday, Ian Rapoport of NFL Network reports.

EDGE Analysis

Renfrow, who didn't play at all in 2024 after being released by Las Vegas last March, also visited the Panthers on Wednesday. The 29-year-old wideout spent five seasons with the Raiders from 2019-23, most notably earning a Pro Bowl nod in 2021, when he compiled a career-best 103-1,038-9 receiving line. A reunion with Renfrow could make sense for Las Vegas, as the team is in need of reliable wideouts to surround new quarterback Geno Smith with. Currently, Tre Tucker and Kyle Philips slot in on the depth chart behind No. 1 option Jakobi Meyers.

The Raiders will release Renfrow on Wednesday, Tashan Reed of The Athletic reports.

EDGE Analysis

The move will open up $8.21 million in cap space for the Raiders in 2024 and was seen as an inevitability unless Renfrow agreed to a large paycut. He caught 103 passes for 1,038 yards and nine touchdowns in 2021 -- his third NFL season -- but then had only 585 yards in 27 games the past two seasons after signing a two-year, $32.33 million extension. He made it through the first season of the extension, but he'll now become a free agent a few months after his 28th birthday. Meanwhile, the Raiders have Davante Adams, Jakobi Meyers and Tre Tucker atop their depth chart at wide receiver, with the latter having replaced Renfrow in the No. 3 role at times during the 2023 season.

The Raiders can add $11.8 million in 2024 cap space if they release Renfrow with a post-June 1 designation, Tashan Reed of The Athletic reports.

EDGE Analysis

Renfrow has just one season left on his contract, but the use of void years means dead-cap charges for 2025 and 2026 will accelerate onto the 2024 sheet if he's traded before June 1 or released without the aforementioned designation. Either way, the Raiders would avoid paying him an $11.53 million base salary, $100,000 workout bonus and up to $629,000 in per-game roster bonuses. It's an obvious move given his lack of production the past two seasons, though there is a scenario in which Renfrow stays in Las Vegas via a renegotiation or extension that drastically lowers his compensation. He's highly unlikely to have a trade market under the terms of the current contract.

Renfrow, who didn't catch a single pass throughout the Raiders' final four games, ended the 2023 season with 25 total receptions for 255 yards on 37 targets in 17 contests.

EDGE Analysis

Renfrow's otherwise disappointing 2023 campaign was highlighted by a three-game stretch within Weeks 11-14 in which he posted a 12-126-0 line on 14 targets, but he promptly saw his playing time dwindle thereafter in favor of rookie Tre Tucker's development behind fellow wideouts Davante Adams and Jakobi Meyers. If the team is unable to find a trade partner for Renfrow this offseason, the 28-year-old slot receiver could be a release candidate at a $5.5 million dead cap expense, which would save the Raiders about $8.2 million in cap space.

Renfrow was not targeted in Sunday's 23-20 loss to the Colts.

EDGE Analysis

Renfrow has played 12 or less snaps in back-to-back games with rookie Tre Tucker assuming the No. 3 wide receiver role behind Davante Adams and Jakobi Meyers. Renfrow hasn't recorded a single reception since posting a 3-46-0 line Week 14 against the Vikings, and he figures to continue losing playing time to Tucker versus the Broncos in the upcoming regular season finale.

Renfrow was targeted once in Monday's 20-14 win over the Chiefs, but he finished the contest without a reception.

EDGE Analysis

Renfrow wasn't alone in posting an underwhelming receiving line for the Raiders on Monday, as quarterback Aidan O'Connell completed just nine passes all game. Renfrow has been held without a single catch in back-to-back tilts, and he's likely to play behind Davante Adams, Jakobi Meyers and Tre Tucker again Week 17 against the Colts.

Renfrow was unable to haul in either of his two targets in Thursday's 63-21 win over the Chargers.

EDGE Analysis

Renfrow not only failed to contribute to the Raiders' 63 points, but he also played fewer offensive snaps (27) than fellow wide receiver Tre Tucker (29), who caught three passes for 59 yards and two touchdowns. Renfrow will continue to compete with Tucker for playing time behind Davante Adams and Jakobi Meyers in Week 16 against the Chiefs.

Renfrow caught three of five targets for 46 yards in Sunday's 3-0 loss to the Vikings.

EDGE Analysis

The veteran slot receiver finished second on the Raiders in receiving yards, but Renfrow also may have cost his team the game -- on Las Vegas' first possession of the second half, he caught a receiver screen and fumbled the ball after a big hit, ending the Raiders' only trip into the red zone. Renfrow has seen a more consistent role in the game plan since Josh McDaniels was fired, but he still has yet to catch a TD or reach 50 yards in a game heading into a Week 15 clash with the Chargers.

Renfrow corralled all four of his targets for 38 yards in Sunday's 31-17 loss to the Chiefs.

EDGE Analysis

Renfrow followed up his five-catch performance against Miami with four more grabs Sunday. The veteran slot man had failed to surpass two receptions over his first 10 games this season, which seemed to be directly linked to the signing of Jakobi Meyers this past offseason. Davante Adams and the aforementioned Meyers are still ahead of Renfrow in terms of depth chart order and target shares, leaving the 28-year-old with minimal fantasy value when Las Vegas returns from the bye to face Minnesota on Dec. 10.