The Carolina Panthers have cut kicker Graham Gano after eight years with the team.
The 2017 Pro Bowl kicker is second in Panthers history in points scored and holds the record for most points scored in a season with 146 in 2015.
Gano had two years remaining on a four-year, $17 million contract extension he signed with the team in 2018.
Carolina will save $2.8 million against the cap in 2020 but will add $1.5 million to its dead cap, which is already approaching $43 million in dead money.
Gano missed all off 2019 with a leg injury, leaving the starting kicker duties to rookie Joey Slye, who hit 8-of-11 field goals from 50 yards or longer and was named the NFC Special Teams Player of the Week in Week 4.
Head coach Matt Rhule told reporters on Wednesday that Gano is healthy and passed his physical but with Gano's release, the team will likely move forward with Slye, who signed a one-year contract extension this offseason.
Gano's most memorable moment in Carolina came in Week 4 of the 2018 season when he hit a 63-yard game-winning field goal to beat the New York Giants, setting the franchise record for the longest FG and tied the NFL record for the longest game-winning FG in league history.
In 2017, Gano had a career-high 96.7 percent conversion rate and he's been one of the league's most accurate kickers since joining the Panthers in 2012.