Panthers re-sign Peppers; complete the trade for Smith

Julius Peppers isn't done playing football just yet.

The 38-year-old free agent re-signed with the Panthers on Wednesday, agreeing to a one-year contract.

The deal is for $5 million, with $2.5 million guaranteed, a person familiar with the situation said. The person spoke to The Associated Press on condition of anonymity because the team does not release financial terms of contracts.

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