The Philadelphia Eagles have agreed to trade veteran wide receiver Torrey Smith to the Carolina Panthers in exchange for cornerback Daryl Worley, sources tell ESPN's Adam Schefter.
Smith, 29, caught 36 passes for 430 yards with two touchdowns for the Super Bowl champion Eagles in 2017, adding 13 catches for 157 yards and a touchdown in the postseason.
The Eagles are currently projected to be about $14 million over the salary cap and need to shed salary between now and the start of the league year on March 14. Smith will make a base salary of $5 million this season, while Worley is on the third year of his four-year rookie deal and is scheduled to make $650,000.
Worley was in and out of the starting lineup the last half of the season for Carolina and did not quite play to the level of James Bradberry, who started opposite him. The 23-year-old Worley started 14 of 15 games when healthy. He was pulled after the second series against the Eagles in Week 6 and sat for a good portion of the game. While he started most of the rest of the year, the Panthers also subbed him out a lot. Worley finished with two interceptions, 10 passes defended and a sack.
He'll join a young corner group in Philadelphia that currently includes Jalen Mills, Ronald Darby, Sidney Jones and Rasul Douglas.
Smith gives the Panthers the veteran receiver that coach Ron Rivera said he wanted in free agency. Carolina dealt Kelvin Benjamin to the Buffalo Bills for a third-round pick and a seventh-round pick at the trade deadline in November, and is looking to add talent to a group that is led by Devin Funchess and includes Curtis Samuel, Damiere Byrd and Russell Shepard.
In Smith, they get a speed receiver with big-play ability who ran hot and cold during his one season with the Eagles. He was charged with three drops, per ESPN Stats & Information, and was held to a catch or less in eight different regular season games, but was a quality presence in the locker room and stepped up in the playoffs. A two-time Super Bowl champion, he had a 41-yard touchdown catch in the NFC Championship game against the Minnesota Vikings, and had five catches for 49 yards in Super Bowl LII against the New England Patriots.
Second-year player Mack Hollins out of UNC will have a chance to earn more reps for the Eagles opposite Alshon Jeffery in Smith's absence. They also have Shelton Gibson, Bryce Treggs and Greg Ward on the roster along with Nelson Agholor, who developed into a quality slot receiver this past season. This is the second Eagles receiver to be traded in as many days, with Marcus Johnson being sent to the Seattle Seahawks as part of the deal for defensive end Michael Bennett. It would be no surprise if the Eagles try to replenish at receiver via free agency, trade or the draft.
ESPN's David Newton contributed to this report.