The Carolina Panthers made one of their few free agent pickups this offseason with the addition of cornerback Brandon Boykin. The former Philadelphia Eagle and Pittsburgh Steeler is set to make $840,000 with an $80,000 signing bonus per USA Today Sports’ Tom Pelissero.

Brandon Boykin's deal with #Panthers is 1 year, $840,000 with an $80K signing bonus. — Tom Pelissero (@TomPelissero) March 29, 2016

Boykin’s signing is another in a low-cost set of moves for Panthers general manager Dave Gettleman. The 25-year old corner will help both special teams and defense, playing in the nickle slot and adding great depth to a secondary still in transition. The addition of Boykin will bring the Panthers’ cap total to around $17 million, still in the upper half of the NFL just above the Oakland Raiders.

However, April’s Draft selections will cost the team roughly $4.2 million to sign according to Over the Cap. Once those players are signed, the Panthers will be left with roughly $12.9 million barring any odd trades before or during the Draft that could affect where the Panthers pick at.

While the Panthers still have to sort out All Pro and franchise tagged cornerback Josh Norman, the team will have more than enough room to make several moves in the second wave of free agency. Look for the team to potentially add in a veterans at wide receiver, safety, offensive tackle, and on the defensive line.