The Carolina Panthers have added to their free agent acquisitions today by adding free agent safety Terrence Holt. Keeping with team practices, details of the contract were not released. (Charlotte Observer)
Holt (6-2, 208 pounds) started all 16 games at free safety for the Arizona Cardinals last season and led their defensive backs with 75 tackles. However, it was missed tackles and missed interception opportunities that caused him to fall out of favor with the Cardinals, who released him Feb. 21.
His play didn’t match what the Cardinals expected when they signed him last year to a five-year, $15 million contract. They actually paid him $4 million — a $2 million base salary and a $2 million roster bonus. They cut him before owing him another $1.5 million roster bonus on March 13.
Holt, 28, will try to revive his career less than two hours from his home in Gibsonville. He was a second-team All-American at N.C. State as a senior in 2002 and was picked by the Detroit Lions in the fifth round of the 2003 draft He’s the brother of Rams receiver Torry Holt.
“Terrence is a very smart, talented player who brings experience to our safety position,” said Carolina general manager Marty Hurney. “We’ve liked him since he came out of college and feel very fortunate to add him to our roster.”
Based on the players on the Panthers’ roster, he’s probably penciled in as the first-team free safety. However, the team may also look at other options at the position.