Troy Hill is set to hit mid-season free agency. The veteran corner is being released by the Panthers, Ian Rapoport of NFL Network reports. 
Carolina sits at 1-5 on the year, so it comes as little surprise the team is electing to move on from a veteran to open up playing time for younger options in the secondary. Hill’s contract was set to expire after the year anyway, but now he will be available to interested teams without a trade being necessary. Having been let go before the trade deadline, Hill will not be subject to waivers.
The 33-year-old joined the Panthers last August, landing a deal shortly before the start of the regular season. That one-year pact allowed him to reunite with defensive coordinator Ejiro Evero, with whom he worked during their time together with the Rams. Hill logged a 50% snap share in 2023, notching 48 tackles, six pass deflections and one interception.
That production allowed him to remain in Carolina, and he agreed to a new deal before the start of free agency. Rather than playing out that pact (which was near veteran minimum), he will try to latch onto a roster midway through the campaign. This move will generate a roughly equal amount of dead money along with salary cap savings.
Hill saw considerable time on the outside earlier in his career, but more recently he has operated more in the slot. That skillset could help his value, although the former UDFA has struggled in coverage this season. Hill has landed outside the top 55 in terms of CB PFF grading over each of the past three years, and that will continue in 2024 if he is unable to deliver stronger performances on his next team. As a veteran of 60 starts, though, he could provide experienced secondary depth at a minimum to a contending team.
The Panthers have struggled in a number of areas this season, including against the pass (226 yards allowed per contest, 26th in the NFL). Moving on from Hill will pave the way for increased playing time for some of the team’s younger corner contributors, including fifth-round rookie Chau Smith-Wade. It will be interesting to see how much interest develops amongst teams looking to add Hill in short order.