DeCoud, 29, signed a two-year, $3.75 million contract with the Panthers back in April of last year.
According to OverTheCap.com, the Panthers will free up $1,915,625 in available cap space following the release of DeCoud. The move will also create $250,000 in dead money.
He appeared in 15 games and recorded 50 tackles, one interception and three pass defense for the Panthers’ defense. Pro Football Focus rated DeCoud as the 74 safety out of 87 qualifying players.
Scott, 27, is a former fifth-round pick of the Pittsburgh Steelers back in 2010. He spent two years with Pittsburgh before he was waived at the start of the 2012 regular season.
Since then, Scott has played for the Packers, Buccaneers, Titans, Bills and Panthers.
Scott was a restricted free agent, so it’s likely that he accepted a modest contract from the Panthers.
In 2014, he appeared in eight games for the Panthers and played a total of 75 snaps, according to Pro Football Focus.