Cowboys Linked to Trading Underachieving $57 Million Starter to Panthers.

The Dallas Cowboys are looking for a new home for starting wide receiver Michael Gallup, and the Carolina Panthers may be the most likely landing spot. ESPN’s Jeremy Fowler reported that the Panthers are a potential fit for Gallup as the Cowboys have given the wideout permission to seek a trade.

“Trade names are percolating, and we already saw Jeudy get dealt to Cleveland on Saturday after Denver fielded calls from several interested teams, per sources,” Fowler wrote in a March 10, 2024 story titled, “NFL free agency buzz: Last-minute intel on signings, trades.” “The Cowboys are exploring all options with receiver Michael Gallup, including a potential trade. The Panthers could be one to watch here.”

Gallup still has three seasons remaining on a five-year, $57.5 million contract. If the Panthers traded for Gallup, it is hard to imagine the receiver’s current contract not being altered in order to facilitate a deal.

The veteran wideout is slated to have an $8.5 million salary along with a $13.8 million cap hit in 2024. Dallas has an out in Gallup’s deal this offseason but would take a $13 million dead cap hit by releasing the playmaker.