The Carolina Panthers have signed the first of their seven draft picks, reaching a deal with seventh-round choice Captain Munnerlyn.
The Panthers today also waived undrafted rookie running back Markus Manson and cornerback Reggie Sullivan.
The 5-foot-8 Munnerlyn is expected to compete for Carolina's kick returning job and for a spot at backup cornerback. He had five interceptions, two forced fumbles and three fumble recoveries in 36 games at South Carolina.
Without a first-round pick, the Panthers aren't expected to have trouble getting their rookies signed before the start of training camp on Aug. 2.