Quarterback Cam Newton is the latest player to join the $100 million club when he signed a five-year, $103.8 million dollar contract extension with the Carolina Panthers Tuesday. The question is now whether or not the Panthers overpaid and where this contract fits in for the current market at quarterback.
Below is a chart of some of the recent contract extensions for quarterbacks, including Newton’s extension.
*All contract figures courtesy of Spotrac.com
In terms of total contract value, Newton is actually towards the bottom of this group, ranking sixth. The total contract value is only $50,000 ahead of Matt Ryan’s contract from 2013.
The total contract value though can be a bit misleading considering in the NFL the entire contract is not guaranteed. Andy Dalton’s contract is a good example of this with a total value of $96,000,000, however he is only guaranteed $17,000,000 of that.
Newton on the other hand ranks second among this group with $60,000,000 of his contract guaranteed which is roughly 57.80%. That is the highest percentage among these 10 contracts.
He also ranks third in terms of average salary behind only Aaron Rodgers and Ben Roethlisberger.
The extension at this point in time looks massive and some could say the contract is too high for a player like Cam Newton. He has only won one playoff game, has a record slightly below .500 and is coming off his worst statistical season.
However, the contract at this time next year could look like the right deal for both sides.
There are a number of big name quarterbacks like Andrew Luck, Russell Wilson, Eli Manning and Philip Rivers who are nearing the end of their current deals. All these players will be looking for extensions and probably will end up with bigger deals than Newton.
It wouldn’t be a surprise to see Newton’s contract end up somewhere between the 5th and 10th biggest contract among quarterbacks. If this happens, then the Panthers have to feel good about the deal they made this week.
Brandon Croce is the Lead Publisher for PantherInsider.com. You can find him on Twitter @BrandonCroce.