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The Panthers waived Rambo on Tuesday, Joe Person of The Athletic reports.
Rambo signed with the Panthers as an undrafted free agent out of Miami (Fla.), where he set single-season school records with 79 catches for 1,172 yards during his final collegiate season. However, the 6-foot-1 speedster now finds himself among a wave of cuts ahead of Tuesday's 53-man roster deadline.
