The Eagles are currently projected to be about $14 million over the salary cap and need to shed salary between now and the start of the league year on March 14.
The trade reached on Friday won't be officially announced until the NFL's league year opens next Wednesday. But he was set to carry a $5 million cap hit into the 2018 season, while Worley's number stands at $670,000, according to Spotrac.
Worley is originally from Philadelphia (William Penn Charter School). He had 36 receptions for 430 yards (11.9 yards per catch) and two touchdowns during the regular season, but had trouble holding onto the football. He played for West Virginia, where he was a teammate of Eagles cornerback Rasul Douglas.
He finished the playoffs with 13 catches for 157 yards and the touchdown.
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Worley, 23, started 25 games in two seasons after the Panthers took him in the third round in 2016. On a positive note, as much as teammates and fans will miss him, at least Smith was fortunate enough to be part of the Eagles bringing the city their first Super Bowl title after decades of heartbreak.
He will join a young corner group in Philadelphia that now includes Jalen Mills, Ronald Darby, Sidney Jones and Rasul Douglas.
The Philadelphia Eagles could not have asked for a better result in 2017, but they did let up a whopping 33 points in their Super Bowl win over the New England Patriots.
Darby has also been the subject of some offseason trade rumors.