The Facts: Following up on the ongoing story. ... NFL Network's Ian Rapoport reports the Panthers will release Smith on Thursday. Bill Voth of Sports Xchange first reported the news early Thursday morning.

Diehards Line: The Panthers tried to trade the 35-year-old receiver, but were -- not surprisingly -- unable to come up with a deal. The Panthers will target Hakeem Nicks to replace Smith, Rapoport reported. The athletic but underperforming Nicks has voiced his desire for a multiyear contract. GM Dave Gettleman has first-hand knowledge of Nicks from the general manager's time in the New York Giants' front office. Therefore, the length and size of a potential contract could speak volumes of how he views Nicks' future. The Panthers continue to express interest in bringing back receiver Brandon LaFell, who visited the New England Patriots on Wednesday, according to Rapoport. ... Stay tuned. The Ravens will reportedly be among those pursuing Smith.