The Panthers took their coin - flip prize , the No. 1 overall pick .
The Panthers flipped it to the Cincinnati Bengals for the No. 5 selection and a second - rounder ; they spent that fifth pick on Penn State signal - caller Kerry Collins .
The Panthers took their coin - flip prize , the No. 1 overall pick , and flipped it to the Cincinnati Bengals for the No. 5 selection and a second - rounder ; they spent that fifth pick on Penn State signal - caller Kerry Collins .