Steve Smith's tenure with the Carolina Panthers is over and he'll likely be released.

Smith's longtime representative Derrick Fox told The Associated Press on Wednesday that Smith "is not going to play for the Panthers next year, I know that. I just don't know when that transaction is going to take place."

Fox said the Panthers have been trying to trade Smith.

Smith is scheduled to make $7 million under the 2014 salary cap.

Smith is a 13-year NFL veteran and had hoped to finish his career with the Panthers.