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Carolina Panthers

8-9 regular season

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2025 — by the numbers
Record
8-9
Off. EPA
#26
−0.04/play
Def. EPA
#23
+0.07/play
Takeaways
21
#14 of 32
Postseason
Div. winner

2025 · NFC South champion, #4 seed

2026 PreviewJul 6, 2026

Carolina Panthers 2026 Season Preview — The Champion Priced Third

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This is the Carolina Panthers 2026 season preview, and it opens with a fact that sounds like a setup for a joke: the defending NFC South champion is the third betting choice in its own division. Carolina won the South at 8-and-9 — its first division title in a decade, its first playoff trip since 2017 — and took the Rams to the final minute of a 34-31 wild-card heartbreaker. The market's answer: plus-310, behind Tampa Bay and behind New Orleans, with a win total of seven and a half. That's not disrespect. That's the regression rules quoted as a price. So this episode is about a team caught between two true things: the profile that won this division has historically been rented, not owned — and the front office spent all spring buying the one thing the rules can't repossess.

Start with what was real, and be honest about how little of the record it explains. The offense finished 26th in efficiency — 25th passing, 23rd rushing — converted 37 percent on third down, 25th, and ranked 24th in red-zone touchdown rate. The defense was 23rd in expected points allowed, and its pass rush was the quietest in football: a 21.5 percent pressure rate, dead last in the league, and 30 sacks, 28th. There were real individual seasons inside that. Tetairoa McMillan arrived as the whole passing game — 70 catches, 1,014 yards, seven touchdowns as a rookie, the team lead by a mile — and won Offensive Rookie of the Year, per the league's announcement. Rico Dowdle quietly ran for 1,076 yards, fourteenth in football, on 236 carries. And Bryce Young turned in his best counting season: 3,011 yards, 23 touchdowns against 11 picks in 16 games. But the efficiency file on Young is the tell for everything that follows: 28th of 36 qualifiers in adjusted net yards per attempt, 21st in completion percentage over expected, at basically zero. A 26th-ranked offense and a 23rd-ranked defense do not usually produce a division title. Which brings us to how this one did.

What was luck? By our ten-year rules, most of the margin. Carolina went 7-and-3 in one-score games — a 70 percent rate, above the line where the harshest rule in our data kicks in: teams that won 65 percent or more of their one-score games lost about three wins on average the next season, and only 11 percent improved at all. Point differential says this roster played like a six-and-a-half-win team and banked eight. The turnover margin was minus-3 — so there's no hidden rebate coming from that direction either. One-score records carry essentially zero year-over-year signal in our data — the correlation is plus-point-one — and Carolina just posted the same profile that put Denver on the regression clock in our pilot episode. The honest math: strip the coin flips and this was a six-to-seven-win team that finished first. The market saw it. Seven and a half is a full win above what the team played like — which means the price is already crediting the offseason before a snap is played.

The identity — charting data via nflverse — explains where the front office aimed. Ejiro Evero's defense was a structure defense without teeth: zone coverage at the fourth-highest rate in football, Cover-3 at the fourth-highest rate, a middle-of-the-pack blitz rate — and that dead-last pressure rate underneath it all. Structure travels; pressure has to be bought. On offense, the fingerprint is Dave Canales' run-first system — 28th in pass rate over expected — and here the continuity check gets interesting: the system stays, but the play-calling changed hands in February. Canales handed the call sheet to coordinator Brad Idzik — his own choice, announced at the combine — and Idzik has never called plays in a regular-season game. Our ten-year data says play-calling identity is the stickiest thing a team owns, more predictive year over year than anything else we track. Carolina is betting that the identity lives in the system, not the voice. That's usually true when the system's author is still in the building. Usually.

What changed is the most direct offseason in the division: they identified the worst number on the team and threw money at it. Jaelan Phillips, four years and 120 million with 80 guaranteed, is the pass rush bet. Devin Lloyd, three years and 45 from Jacksonville, upgrades the second level. The first-round pick, Georgia tackle Monroe Freeling at 19, is insurance for the worst injury of the year — Ikem Ekwonu ruptured a patellar tendon in the playoff loss and is expected to miss most, if not all, of the season, per the March reporting — with veterans Rasheed Walker and Stone Forsythe signed as bridges. Day two added a defensive tackle at 49 and a six-four receiver, Chris Brazzell, at 83. Kenny Pickett is the new backup; Andy Dalton was traded to Philadelphia. The exits were priced: Dowdle to Pittsburgh, center Cade Mays to Detroit. Jonathon Brooks — two ACL tears in two years — has been cleared to practice at 100 percent, per the club. And Young's fifth-year option is exercised, fully guaranteed for 2027, with the long-term extension deliberately parked. Off-field scan: clean.

So the 2026 question is Bryce Young, because his charting file is one of the strangest in football. From a clean pocket — protected, on schedule, nothing going wrong — Young ranked 29th of 32 qualifying quarterbacks in efficiency. Under pressure, he ranked ninth. Read that again: he was one of the league's worst quarterbacks when everything worked, and top-ten when everything broke. That inverted profile is the 7-and-3 one-score record wearing a different costume — Young's chaos football is real, and it wins close games, and our data says you cannot budget for it, because the repeatable part of quarterbacking is the clean-pocket part, where he ranked 25th in stable situations overall. The bull case is that the inversion is a stage-of-development artifact — the club's own framing leans on his one-score composure, and the supporting cast argument writes itself: McMillan in year two, a fixed pass rush flipping short fields, Brooks and a first-round tackle restocking the huddle. The bear case is simpler: 29th from a clean pocket is who you are on most snaps, and most snaps are clean.

Fantasy names to know — scored half-P-P-R. McMillan at WR18, pick 42, is priced on the year-two leap — he finished WR23 in points per game as a rookie, so the price already assumes growth; the 122 targets say the volume is real. Chuba Hubbard at RB27, pick 74, inherits a genuinely open room — 511 yards in 15 games last year, with Dowdle's 236 carries now in Pittsburgh — but Brooks at RB37, pick 109, is drafted like a co-starter and hasn't played since November 2024; that pairing is a talent-versus-medical coin flip, priced 35 picks apart. Jalen Coker at WR55 got a June extension the club didn't have to give — 33 catches in 11 games — that's a signal. Young at QB26, pick 154, is free if the chaos football keeps cashing. Brazzell at WR89 and Ja'Tavion Sanders at TE40 are the deep-league names.

The verdict. Seven and a half is the market charging the one-score bill and then crediting most of it back for the offseason — an honest price for once, which is rare enough to note. Our range is six to eight wins: the rules say the coin flips leave, the roster says the floor rose, and both are right. What would beat the range is the thing nobody can price — Young's clean-pocket rank climbing out of the twenties behind a healthier line while Phillips buys the defense three short fields a month. In a division where the favorite just collapsed and the hype team is 6-and-11, the defending champion at plus-310 is the strangest sentence in football. It's also, by our math, roughly fair.

Follow the Carolina Panthers feed for the weekly show — every game, every number, all season. This was the Muffed 2026 Panthers preview. Every number verified.

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Season ReviewMay 11, 2026

Panthers 2025 Season in Review

8-9 regular season

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Eight and nine, NFC South champs, still playing football in January. Here's how a bottom-quartile offense pulled it off, what Bryce Young actually looked like in year three, and the one defensive number that almost kept them out. The Panthers fell to the Rams thirty-one to thirty-four in the wild card — a game they led in the fourth. Carolina didn't smash. But they didn't get muffed either. They survived.

Let's set the table, because the portrait is messier than the division banner. Carolina's total offensive expected points added — how much every offensive snap moved their scoring chances — landed at minus thirty-nine point one, twenty-sixth in the league. The defense allowed plus sixty-seven point two, twenty-third. Both sides bottom-ten. What bailed them out: takeaways. Twenty-one of them — fifteen interceptions, six fumble recoveries, fourteenth in football. And the fourth-down aggressiveness was off the charts — Carolina went for it on thirty-four of one hundred seventeen competitive fourth downs, twenty-nine percent, second in the league. They had to. Third-down conversion rate was thirty-seven percent, twenty-fifth, so they extended drives by going on fourth. Consistency? Forget it — boom-or-bust all year. Thirty to nothing over Atlanta in Week 3, nine to forty by Buffalo in Week 8, a thirty-one to twenty-eight win over the Rams in Week 13, ten to twenty-seven to Seattle in Week 17. Whatever you saw one week, you couldn't bank on the next.

Now let's talk about the passing offense. Minus twenty-seven point seven in total passing expected points added on five hundred fifty-three attempts, twenty-fifth in the league. Bryce Young threw for three thousand eleven yards, twenty-three touchdowns, eleven interceptions, and took twenty-seven sacks. His completion percentage above expectation was minus zero point three — slightly below average, not a disaster, not a leap. The chemistry that did emerge was Young to Tetairoa McMillan: seventy catches, one thousand fourteen yards, seven touchdowns, plus twenty-five point three in receiving expected points added as the clear number one. The play that defined this passing game came in the wild card. Fourth and two, six forty-three left in the fourth, Carolina down twenty-eight to twenty-four. Young dropped back and hit McMillan deep right for forty-three yards and the touchdown — twenty-three air yards, twenty after the catch — to take the lead. That's the version of this offense that almost stole a playoff game. The other version got sacked thirty-five times on five hundred eighty-five dropbacks. You got both, all year.

Now let's dig into the rushing offense. One thousand nine hundred seventy-seven yards on four hundred sixty-three carries — four point three a clip, nineteenth in the league, one hundred sixteen a game. Rushing expected points added came in at minus nineteen point four, twenty-third. Volume there, per-carry efficiency middle of the pack, but the unit didn't move the needle. The story underneath: Rico Dowdle was the guy. Two hundred thirty-six carries, one thousand seventy-six yards, four point six a carry, six rushing touchdowns, and plus one hundred forty-six point four in rushing yards over expected — sixteenth among qualified runners and the reason Carolina had a credible ground game at all. As a team, the run game was steady — not explosive, but reliably available — which is exactly why Carolina kept calling its number on those aggressive fourth-down tries.

Next up, the pass defense. This is the unit that got muffed. Carolina allowed plus fifty-six point five in passing expected points added — and remember, on defense you want that number negative. Plus fifty-six is bad. Per dropback they allowed plus zero point one one, bottom-tier in the league. Just thirty sacks, twenty-eighth, with a quarterback hits percentile in the third — meaning twenty-nine teams pressured the passer more often. So how did they survive? Ball production. Fifteen interceptions, and corner Mike Jackson was the spark. In Week 11 against Atlanta, third and goal flipped to fourth and eight, Penix targeted the short left, and Jackson jumped it at the sixteen and took it fifty-four yards the other way. That single play was worth minus five point four five expected points to Atlanta — a complete drive killer. The pass rush didn't scare anybody. The ball hawks kept them in games.

And the run defense — same story, different flavor. Carolina allowed two thousand one hundred fifteen rushing yards, one hundred twenty-four a game, and gave up twenty rushing touchdowns. Rushing expected points added allowed was plus ten point six three, twenty-eighth percentile against the run. Neither front did its job at a starter level. The boom-or-bust pattern showed up here too: they held Atlanta to zero points in Week 3 and then watched the Patriots hang forty-two on them the very next week. When this defense had a plan and a takeaway script, they could choke a game out. When they didn't, they got run off the field. That's a front seven that has to get better up the middle. Full stop.

Draft RecapMay 11, 2026

Panthers — 2026 Draft Recap

7 picks in the 2026 NFL Draft

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Welcome back to Muffed. Seven picks, no quarterback drama, no skill-position fireworks — Dan Morgan and Dave Canales spent Carolina's 2026 draft reinforcing the trenches and rebuilding the back end. The headliner is Georgia tackle Monroe Freeling at 19, and the theme is physicality on both lines plus a secondary makeover. Morgan said it himself: length, toughness, competitors. This class is built in that image.

Start up front. Carolina's 2025 offense surrendered 35 sacks and 86 quarterback hits — over five a game — and Freeling at 19 is the kind of swing that makes you stop and stare at the testing sheet. His Relative Athletic Score — a zero-to-ten grade comparing combine and pro-day testing to every player at his position since 1987 — came in at 9.99. That's not a typo. That's effectively the ceiling of the entire historical sample of offensive tackles. In round five at pick 144, they doubled up with Kansas State center Sam Hecht, who posted a 7.76 — comfortably above average. Morgan zeroed in on Hecht's initial quickness, hand placement, and comfort pulling to the second level, and flat-out said getting younger inside was a priority. Bonus: Hecht reportedly finished his college career without a single penalty. Clean and athletic on the interior. Win.

One pass-catcher, but it's a juicy one. Carolina's passing offense posted minus 27.46 in total passing expected points added across 2025 and managed just 24 passing touchdowns — they needed drive-finishers. Enter Tennessee receiver Chris Brazzell II at pick 83: 62 catches, 1,017 yards, and 9 touchdowns that led the entire SEC. His receiving yardage ranked second in the conference, and his per-play predicted points added — the college equivalent of expected points added — was plus 0.71, totaling plus 58.5 on the year. That's a real arrow.

Now the run defense, where Carolina spent its highest non-tackle pick. The 2025 Panthers allowed 2,115 rushing yards and 20 rushing touchdowns — more than a ground score per game. Their answer at pick 49: Texas Tech defensive tackle Lee Hunter, with 11 tackles for loss (7th in his conference) and 3 sacks. His Relative Athletic Score? 4.12. Below average for an interior lineman. The bet is production and play strength over testing — the tape has to carry it. Way down at pick 227, they grabbed Miami of Ohio linebacker Jackson Kuwatch — 101 tackles, 10 for loss, 5 sacks (10th in his conference), and an 8.86 Relative Athletic Score, top 12 percent of linebackers ever tested. Morgan called him instinctive, fast, and a Day-1 special teamer.

The pass defense got two picks, one archetype: long, physical, tackle-first. At pick 129, Texas A&M corner Will Lee III — 50 tackles, 7 pass breakups, 2 tackles for loss, a sack, and a 9.38 Relative Athletic Score that puts him in the top 7 percent of corners ever tested. Morgan loved his press ability and the, quote, swag he plays with; Canales emphasized that Carolina's corners have to tackle and fit the run, which is exactly Lee's game. Then at pick 151, Penn State safety Zakee Wheatley — 74 tackles, 51 solo, and a 7.64 Relative Athletic Score, solidly above average at free safety. Canales called him one of his favorite guys in the entire process: angles, downhill instincts, range from the post to the box. Like Hecht, Wheatley reportedly closed his college career penalty-free. Morgan admitted he was surprised Wheatley was still there.

Pick of the draft. You can argue Brazzell's SEC-leading touchdowns. You can argue Lee's testing in round four. It's Freeling. Tackles who test at 9.99 don't exist — that number is the ceiling of the historical database. On a line that gave up sacks at a two-a-game clip, landing that kind of athletic rarity at 19, without trading up, is the swing that defines the class. Smashed.

So what's the 2026 stress test? Whether this defense actually tightens. Four of seven picks went to a unit that surrendered plus 56.54 in pass-defense expected points added and nearly 125 rushing yards a game in 2025. If Hunter wins with hands and leverage despite the testing, and if Lee and Wheatley deliver the physicality Canales keeps preaching, this back seven looks different in a hurry. Add a generational athletic profile at tackle and a touchdown-finisher on the outside, and Carolina got exactly what Morgan promised: competitors, length, and toughness at every level.

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