Decoud was released from the Falcons on March 11, 2014.
The Carolina Panthers signed DeCoud to a two-year deal on April 10, 2014. DeCoud made his first start for the Panthers in a 20-14 victory against the Tampa Bay Buccaneers in week 1. During the home opener in a 24-7 win against the Detroit Lions in week 2, DeCoud recorded 3 tackles and was responsible for a pass deflection deep downfield against Calvin Johnson which led to an interception by Melvin White. During the Panthers week 5 victory over the Chicago Bears, DeCoud recorded his first interception for the Panthers against Jay Cutler to go along with 4 tackles and a pass deflection. He was released on February 17, 2015.