Joe Person of the Charlotte Observer, citing a source with knowledge of the situation, reports that Panthers TE Greg Olsen will not hold out of training camp for a new contract and instead plans to be in attendance for the start of training camp on Tuesday.
Olsen was considering a hold out in order to secure a contract that would pay him among the top tight ends in the NFL.
There was some speculation that the Panthers’ recent decision to fire GM Dave Gettleman could be related to the lack of progress towards new contracts for veteran players including Olsen. However, he later downplayed his role in the situation.
Olsen, 32, is entering the third year of a four-year, $27.75 million contract and is set to make a base salary of $6.5 million over the course of the final two years of his deal.
In 2016, Olsen appeared in all 16 games and caught 80 passes for 1,073 yards receiving and three touchdowns for the Panthers. Pro Football Focus has him rated as the No. 3 tight end in the league out of 63 qualifying players.
We’ll have more regarding a new contract for Olsen as the news is available.