Cam Phillips

The Panthers waived Phillips on Saturday, David Newton of ESPN.com reports.

Analysis: Phillips was a star in the XFL, leading the league in receptions (31), receiving yards (455) and touchdowns (nine) through just five contests. The 24-year-old wideout couldn't make a quick transition to the NFL, though, but if he clears waivers, he could be a valuable practice-squad player.

Phillips is signing with the Panthers, Aaron Wilson of the Houston Chronicle reports.

Analysis: Phillips will be reunited with quarterback P.J. Walker, who also played for the Houston Roughnecks in the XFL this past spring. Walker-to-Phillips was the most prolific QB/WR connection in the league, with the 25-year-old Phillips leading the XFL in catches (31), receiving yards (455) and touchdowns (nine) -- stats he compiled in only five games. Nonetheless, it'll be tough for Phillips to earn a roster spot for the regular season, coming in midway through training camp on a Panthers team that has some players with significant NFL experience competing for depth roles at wide receiver.

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