Gregory Payan/Associated Press

Cornerback Josh Norman's franchise tag was rescinded by the Carolina Panthers on Wednesday, but it didn't take long for him to find a new team, as the star cornerback has found a new home.

Continue for updates.

Redskins, Norman Agree to Deal

Friday, April 22

Rand Getlin of NFL Network reported Norman and the Washington Redskins have agreed to terms. Ian Rapoport of NFL Network reported the contract is worth $75 million over five years.

On Thursday, Rapoport reported the Redskins joined the San Francisco 49ers as the favorites to land Norman. Jason La Canfora of CBS Sports reported Washington had "a very legit offer on the table" for Norman.

La Canfora added that it would have taken "another team stepping up big" to keep Norman away from Washington. Peter Schrager of Fox Sports expected Washington to ink Norman by the end of the day Friday.

Mike Garafolo of Fox Sports said the "Redskins were in position A" to land Norman, and while the 49ers are interested, they didn't have a visit set up. Garafolo noted Washington has an opportunity to "make it one visit and done."

Saints Reportedly Were Interested in Norman

Friday, April 22

Adam Schefter of ESPN reported the New Orleans Saints were "making [a] strong push to sign [Norman]," who was deciding between the Redskins and Saints. Schefter added the Saints would have had to get "creative" with the contract, as they only have $3.44 million in cap space for next season. Rapoport of added the corner narrowed his focus exclusively to the Saints and Redskins.

Norman's Contract Demands Revealed

Thursday, April 21

Bleacher Report's Jason Cole reported Thursday that Norman was expected to sign a massive contract before the NFL draft, which begins April 28:

Video Play Button OBJ's Trade to Cleveland Has the Browns Hyped Le'Veon's Power Move Pays Off After Signing Massive Deal with Jets Friends to Foes, Ex-UGA Teammates Meet in Super Bowl Cooks Gave a Super Gift to This Rams Employee Mahomes Loves Ketchup as Much as Torching Defenses Bears Hoping to Ride Club Dub to the Super Bowl The Worst Fantasy Football Punishments for Last Place NFL Players Bring Soccer Traditions to the NFL JuJu Is a Man of the People Bills Superfan 'Pancho Billa' Continues to Inspire Happy 26th Birthday to OBJ 🎉 Mahomes Is 'Showtime' Off the Field Too Thielen's Ride from Underdog to Record-Breaking WR Shanahan and His Son Carter Are Hyped for Carter V Browns Winning Off the Field with Community Service Conner's Journey from Beating Cancer to Starting RB Does Donovan McNabb Deserve Your 2019 Pro Football Hall of Fame Vote? B/R Fantasy Expert Matt Camp Gives His Picks for Keep or Release After Week 2 Does Hines Ward Deserve Your 2019 Pro Football Hall of Fame Vote? Shaquem Griffin Starting for Seahawks in Week 1 Right Arrow Icon

Panthers GM Comments on Rescinding Norman's Franchise Tag

Thursday, April 21

Panthers general manager Dave Gettleman told reporters Thursday the "one-year franchise tag became less and less attractive" and that they were "too far apart" in negotiations with Norman's agent. He continued: "Our culture is terrific. Everybody is all-in. We want people that are all-in. This is a business decision, folks. No doors have been shut with Josh. We respect Josh. ... The big men up front make people in the back end better."

ESPN TV's Trey Wingo provided additional comments from Gettleman: "I don't believe in the window theory. I believe team-building. The more we thought about it...the more flexibility that $14 million gave us. We want people that want to be here...that are all in."

Gettleman also looked ahead to the draft when speaking to reporters: "It's a nice group (of corners). Various shapes and sizes. We'll just have to see how the board falls." He added that "if you need hog molly help, you're not mad about this draft."

"After a number of conversations with Josh's agent, we realized that a long-term deal was not attainable," Gettleman said Wednesday. "We have decided to rescind the franchise tag, freeing Josh to immediately become [an unrestricted free agent]. We thank Josh for all his contributions and truly wish him well."

Jets Unable to Land Norman

Thursday, April 21

Manish Mehta of the New York Daily News responded to Schefter's report and stated the Jets were just doing their due diligence and won't be signing Norman, as they can't afford him.

Multiple Teams Inquired About Norman

Thursday, April 21

Robinson and Person reported Wednesday the 49ers, Jacksonville Jaguars, Pittsburgh Steelers, Miami Dolphins and Tampa Bay Buccaneers were among the teams initially interested in the cornerback.

Cole reported Wednesday the Chicago Bears and Los Angeles Rams were on the list of potential suitors and noted Norman had already received offers.

Schefter reported Thursday morning the Redskins joined the 49ers, Steelers and Dolphins as the teams expressing the most interest in landing Norman. Schefter also added the New York Jets and Tennessee Titans as teams that are considering the cornerback.

Norman Among League's Best CBs

Norman was a first-team All-Pro selection in 2015, when he emerged as arguably the best player at his position in all of football. The 28-year-old had 56 combined tackles, 18 passes defensed, four interceptions, three forced fumbles and two defensive touchdowns.

NBC's Cris Collinsworth highlighted just how valuable Norman was:

Carolina is taking a big risk in allowing Norman to join a new team. He was a big reason the Panthers advanced to Super Bowl 50 as part of their top-tier defense.

Cole brought up another valid point on the puzzling decision by Carolina's front office:

Nathan Jahnke of Pro Football Focus offered the possible logic behind Carolina's unwillingness to offer Norman a long-term deal:

After doing so well to land Norman in the fifth round of the 2012 draft and develop him into a legitimate superstar, the Panthers will watch him spend the probable prime of his career elsewhere. At least linebackers Luke Kuechly and Thomas Davis are still there to provide leadership.