ESPN NFL Insider John Clayton looks at some other team options for free agent Josh Norman after the Panthers decided to rescind the franchise tag on the cornerback. (1:50)

NASHVILLE, Tenn. -- According to David Newton, who covers the Carolina Panthers for ESPN.com, the Tennessee Titans are one of 10 teams that have expressed interest in former Carolina cornerback Josh Norman, who surprisingly became a free agent on Wednesday when the Panthers rescinded the franchise tag on him.

The competition is steep for Norman, and nine of those teams will come up empty when chasing one of the league’s most effective corners.

But what a big addition he could be for Tennessee, a team desperate for perimeter players on both sides of the ball.

Norman is reportedly seeking in excess of $14 million a year. That’s a steep price for a guy who will turn 29 in December.

But the Titans have the money. They currently have $29.75 million in salary-cap space. And while a deal for Norman could come with an average salary of $16 million or so, that does not mean it couldn’t be structured with a cap number in 2016 that wouldn’t chop away too much of that.

Titans general manager Jon Robinson loaded up on draft picks by dealing No. 1 to Los Angeles last week, and wanted to build this team through the draft.

But this is a unique situation, when a premier player at a position of great need becomes available and is affordable.

If the Titans dive into this sweepstakes and somehow land Norman, it scratches the need for a starting cornerback off a long list.

Robinson has nine picks, including six of the first 76.

Imagine if he could attack the draft not only with running back gone from the list of positions where the Titans need a frontline starter (thanks to the DeMarco Murray trade), but also with the cornerback need minimized because Norman is on board.