Carolina Panthers running back DeAngelo Williams won't be released after agreeing to a restructured contract that reduces his cap figure and saves the franchise money on the final two years of the deal.
Williams, 30, was a first-round pick out of Memphis and has played his entire career in Carolina. He's the team's all-time rushing leader with 5,784 yards and 43 touchdowns.
According to Yahoo Sports, he's not going anywhere. Williams was the subject of trade and cap casualty rumors because of his age and the considerable cash remaining on the five-year, $43 million deal he signed as a free agent in 2011.
The Panthers lowered Williams' cap figure by $3.2 million in 2013 and reduces his salary by as much as $8 million in 2014 and '15. Carolina reportedly added two years to his deal, which now runs through 2017.
Williams rushed for 1,515 yards and 18 touchdowns in 2008, his first season as a starter, but totaled 1,573 yards and 12 touchdowns the past two seasons combined (24 starts, 32 games).
New general manager Dave Gettleman renegotiated running back Jonathan Stewart's contract in February. Fullback Mike Tolbert, who has two years left on his contract, and sixth-round pick Kenjon Barner make for a full house in the Panthers' backfield.