According to NFL Network’s Ian Rapoport, the Carolina Panthers and quarterback Cam Newton have agreed upon a 5-year, $103.8 million dollar contract extension. Rapoport tweeted that Newton will earn $67.6 million in the first three years of the deal, which is the most money every for a player in a three year period.
The negotiations seemed to come together rather quickly with ESPN 730’s Marty Hurney reporting the possible extension Monday morning and it looks to be official less than two days later.
The number that is important when looking at these size contracts is the guaranteed money. ESPN’s Adam Schefter tweeted that Newton is to be guaranteed $60 million in this new contract extension.
These are impressive numbers and would be a higher total than contracts for players like Aaron Rodgers, Matt Ryan and Tony Romo. It would be just shy of Colin Kaepernick’s guaranteed total from his contract a season ago, according to Spotrac, however the 49ers quarterback contract was over six years, compared to Newton’s five year deal.
While these contract figures look big now, the Panthers could end up with a good deal for Cam Newton by doing the contract now. There are a number of quarterbacks who are in line for new deals like Andrew Luck, Russell Wilson, Eli Manning and Philip Rivers. These contracts could have potentially driven up the asking price for Newton.
While these all look like record setting numbers at this point and time, they could end up being right in line with the market for a franchise quarterback. At the end of the day, this a deal that both sides seemed to want to get done and were able to do just that. Now that the Panthers have their franchise quarterback for the foreseeable future, they can continue to focus on building a team around him.
Brandon Croce is the Lead Publisher for PantherInsider.com. You can find him on Twitter @BrandonCroce.