Bill Voth of SportsXchange reports that Steve Smith will be released later today:
NEWS: Unable to find a trade partner, the #Panthers  will release WR Steve Smith today, officially ending his 13-year career w/the club.
— Bill Voth (@billvoth) March 13, 2014 
The 35 year old was a 3rd round draft pick in the 2001 draft, a five time Pro Bowler and has been with the Panthers since his rookie year.
Jason La Canfora of CBS Sports tweets  with Smith on the way out today, the Panthers are talking to Hakeem Nicks and they’re offering him $4.5M/yr.
La Canfora also says  that if the Ravens win in the sweepstakes, it would likely trigger Julian Edleman staying in New England.Report: Panthers To Release Steve Smith Today by Sports Talk Florida Rumors