Outgoing Carolina Panthers owner Jerry Richardson has been fined $2.75 million by the NFL after an investigation into sexual and racial misconduct in the workplace.

The independent investigation, conducted by former U.S. attorney Mary Jo White, substantiated the allegations against Richardson.

It also stated that the team failed to report the allegations or any resolution agreements to the league.

Richardson, 81, announced shortly after the NFL took charge of the investigation that he planned to sell the team that he and investors paid $206 million for in 1993.

He also stepped away from the day-to-day operations, naming Tina Becker the new COO.

The Carolina Panthers have signed D.J. Moore to his four-year rookie contract.

The deal comes with a fifth-year team-option.

Moore is expected to step in as an immediate starter for the Panthers.