Last April, the Carolina Panthers decided to be loyal to the quarterback that brought them their lone Super Bowl appearance by signing Jake Dehomme to a five-year, $42.5 million contract extension.
The move was a bit strange seeing as how Delhomme was coming off a horrid performance in a home playoff loss against the Cardinals in which he threw six interceptions. Usually a team locks a player up that is on the rise, not the decline, and Delhomme was definitely on the decline.
Things didn’t get any better for Delhomme in 2009. He played in just 11 games, throwing eight touchdown passes and 18 interceptions. He struggled reading defenses, displayed poor decision making and routinely forced passes into covered receivers. Eventually, Matt Moore took over under center and played well, raising speculation that Delhomme would have to compete for his job in 2010.
Now he won’t even have the opportunity to do that.
The Panthers released Delhomme on Thursday, ending his seven-year tenure in Carolina. The team is obviously committed to Moore and wanted to create a clear path to the starting job for the youngster next season.
Thanks to their horrendous decision to sign him to an extension, the Panthers still owe Delhomme $12.5 million in guaranteed money. With this being an uncapped offseason, $12.5 million could have gone a long way for a team that will needs a solid No. 2 receiver opposite Steve Smith and a pass rusher to replace Julius Peppers for when he signs elsewhere this month.
Why the Panthers signed Delhomme for that much money is anyone’s guess. One would have thought that John Fox and his coaching staff would have seen that Delhomme’s skills were deteriorating and convinced the front office not to offer him such a lucrative extension. The Panthers’ inability to see what others saw will cost them financially this offseason.
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