Caden Sterns‘ time with the Panthers has proven to be very brief. The former Broncos safety has already been placed back on waivers after failing a physical with his new team, Carolina announced on Thursday. 
Sterns’ health has been a concern this offseason after he was limited to only one game in 2023 due to a torn patellar tendon. A failed physical was not the reason he was let go by the Broncos, but struggles in recovering from that injury – or a new ailment altogether – should keep him on the open market for a period moving forward. The 24-year-old will join a new team if another claim is put in, but it would come as a surprise if that took place.
In the event Sterns clears waivers, he will be a free agent. The former fifth-rounder could draw interest when healthy given his performances in 2021 and ’22. Across those seasons, he totaled four interceptions and nine pass deflections while making five starts. Sterns logged a defensive snap share of 84% in 2022, a campaign in which he was held to only five games played.
The Texas alum likely would have competed for playing time at safety with the likes of Xavier Woods, Jordan Fuller and Nick Scott while Sam Franklin recovers from a broken foot. Sterns has seen time at slot corner in his career, though, and he could have met the Panthers’ goal of adding depth at that position had he been healthy. Instead, team and player will now go their separate ways.
Carolina has roughly $6.1MM in cap space. That should allow the team to pursue a modest veteran addition in the secondary late in the summer. Sterns, meanwhile, will turn his attention to recovery in the hopes of landing a deal with another new team in time for the start of the season.