PHILADELPHIA, PA - OCTOBER 21: Carolina Panthers wide receiver Torrey Smith (11) during the National Football League game between the Carolina Panthers and the Philadelphia Eagles on October 21, 2018 at Lincoln Financial Field in Philadelphia, PA.

Report: Panthers release Torrey Smith

Icon Sportswire / Getty

The Carolina Panthers reportedly released veteran wide receiver Torrey Smith, a source told Adam Schefter of ESPN.

Smith spent one season with the Panthers, catching 17 passes for 190 yards and two touchdowns over 11 games.

The 30-year-old was known as one of the NFL's premier deep threats earlier in his career and was a starter on the Baltimore Ravens' championship team in 2012.

Smith accepted a pay cut in May, and it appeared at the time that his roster spot would be safe heading into the new season.

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