<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Panthers?src=hash">#Panthers</a> have rescinded the franchise tag offer on CB Josh Norman. He's a free agent. Wow.</p>— Ian Rapoport (@RapSheet) <a href="https://twitter.com/RapSheet/status/722899579490869248">April 20, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Panthers have removed franchise tag on CB Josh Norman, now a free agent.</p>— Adam Schefter (@AdamSchefter) <a href="https://twitter.com/AdamSchefter/status/722900674342588416">April 20, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> Texans just acquired some cap form releasing Hoyer.
The Texans could have twice as much cap space as they do and not have what he's seeking. the 14 mil a year franchise was less than he wants.