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VIA WCNC.COM

The Carolina Panthers have until Thursday to place a franchise tag on Julius Peppers, but a source in the Carolina Panthers organization says it isn’t likely.

The source has indicated to Newschannel 36 that Julius Peppers is finished with the team. The source says the Panthers won’t pay the $20 million plus that would be required to keep him for another year under the tag allowing him to test the open market as an unrestricted free agent.