Hood (knee) was placed on injured reserve Saturday, Joe Person of The Athletic Carolina reports.
Hood's placement on injured reserve will keep him out until at least Week 8 of the regular season. There's a chance Hood could be recalled to the active roster after Week 8, but the odds of that happening seem slim to none at the moment.
Hood was originally selected by the Raiders in the 7th round of last year's draft, but he spent majority of his rookie season on the team's practice squad and was waived by Oakland on Monday. The Panthers are pretty secure with their depth at running back, especially considering they signed veteran tailback C.J. Anderson on Monday, so he could be in line for another year on a practice squad.
Hood was waived by the Raiders on Monday.
A seventh-round pick of the Raiders in 2017, Hood ended up seeing action in just one game as a rookie, as he spent the bulk of the season on the practice squad. Hood was always considered a long shot to make Oakland's roster ahead of the upcoming season, and the fact that he's being cut so early in the offseason doesn't bode well for his chances of making a roster elsewhere.