That was until the Indianapolis Colts stepped in and not only offered Nicks a one-year contract worth up to $5.5 million, but also an opportunity to be on the receiving end of passes from quarterback Andrew Luck and be a part of a team that could be one of the best in the AFC next season.
ESPN.com Panthers reporter David Newton and Colts reporter Mike Wells talk about Nicks' decision to sign with Indianapolis
Wells: David, Carolina quarterback Cam Newton proved last season that he's one of the best young quarterbacks in the league. But Luck has proven in just two years -- with 22 victories -- that he has the complete package: arm, foot speed and mental toughness. So it seems Nicks made the right decision to sign with the Colts. What are your thoughts?
Newton: Totally agree. When Nicks picked Indy over Carolina I mentioned one of the reasons may have been Luck was the more proven quarterback. It didn't sit well with Carolina fans. My argument was simple. Two trips to the playoffs to one. But the bigger reason is Nicks will be surrounded by proven receivers in Indy. Maybe that would have happened at Carolina, but at the time of the decision the Panthers didn't have a receiver on its roster with an NFL catch. When Brandon LaFell signed with New England on Saturday that guaranteed Newton won't have any of his top four wide receivers from last season. At Carolina, Nicks risked the possibility of being double-teamed because there wasn't anybody proven to take coverage away. He would have been the clear-cut No. 1, and I'm not sure he's a No. 1. Luck also has a more established offensive line. So when I said Luck was more proven there were other factors around that.
Having said that, if you were starting a team from scratch would you pick Luck or Newton?
Wells: I like how Newton played last season, but I've still got to give Luck the edge over him and players such as Seattle's Russell Wilson and San Francisco's Colin Kaepernick. Luck's résumé speaks for itself. He led the Colts to an 11-5 record during a rookie season when his coach, Chuck Pagano, missed 12 games while battling cancer. He repeated that record last season while losing five offensive starters by Week 7. Luck has led the Colts on 11 fourth quarter or overtime game-winning drives in his young NFL career. Should I continue? It also helps that Luck's Colts have already beaten the Seahawks and 49ers. Maybe you and I can corner Rob Chudzinski somewhere after the season and ask him his thoughts because he obviously coached Newton in Carolina and he's about to coach Luck with the Colts next season.
It seems like the Panthers don't seem to know which direction they're headed with players like receiver Steve Smith being released. Am I wrong to think that could sway a free agent's decision?
Newton: It would have to cast doubt. It certainly casts doubt in my mind. It'll all come down to how convincing general manager Dave Gettleman is on selling his plan. And yes, there's a plan. Jerricho Cotchery is coming in for a visit on Monday and James Jones says he'd like to play for Carolina. If the Panthers can get a couple of solid veterans -- even if they aren't bona fide No. 1s, and select a dynamic receiver with either their first- or second-round pick, the receiving corps potentially could be better than last season. Even Smith admitted he's not a No. 1 anymore. So for all the grief I've given Gettleman for making a mistake in dumping Smith, in the long run it could work out. I mean, the beef on LaFell last season was he wasn't a bona fide No. 2. Ted Ginn Jr. had a nice season, but he had only two catches the year before. Domenik Hixon had only one catch that impacted a game. So big picture, they didn't really lose a lot.
So how do you expect Nicks to fit in at Indianapolis? Can he help put Indy over the top?
Wells: Colts fans are a little leery because there was high hope last year when Darrius Heyward-Bey, the No. 7 pick in the 2009 draft, signed a one-year contract the same way Nicks did. Heyward-Bey, to put it as nice as possible, was brutal last season. So brutal that he ended up being demoted to special teams where he actually did a great job downing punts inside the 20-yard line. I think Nicks will fit in nicely because he doesn't have the pressure of being the No. 1 receiver. He simply has to just fit in alongside of fellow receivers Reggie Wayne and T.Y. Hilton. Tight ends Dwayne Allen and Coby Fleener are also receiving options for Luck. The fact that Nicks had almost 900 yards receiving last season and that was considered a down year for him is a good thing for the Colts. Luck will find him as long as he can get open.
Newton needs somebody to throw the ball to. What are the Panthers going to do since Smith is gone and Nicks decided playing with the Colts was a better option?
Newton: As I mentioned above, Cotchery is coming in for a visit and I still believe they'll get Jones. The plan is to find a few bargains and blend them in with a draft pick. Smith would have made a nice No. 2 receiver in this package in my opinion. But from everything I gather Newton won't be heartbroken to see his top receiver gone. Smith has gotten in Newton's face more than a few times the past few years. As much as that may have been needed, there is a belief on the team that Smith might have been a distraction to Newton as the central leader of the offense. It will be interesting to hear how Newton spins it when we finally hear from him.
Now that the Colts have Nicks, what's the rest of their free-agency plans?
Wells: General manager Ryan Grigson has put an emphasis on defense so far. They still need to find a safety to replace Antoine Bethea, who signed with San Francisco last week. The interior part of the offensive line could use some help, too. They signed former Dallas center Phil Costa last week. The Colts haven't completely shut the door on Cleveland center Alex Mack even though it is a longshot that they'll be to get him because the Browns used the transition tag on him. Adding another guard wouldn't be a bad idea, either.