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Schefter: Newton and Panthers Agree On Five-Year Deal Worth $103 Million

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Quarterback Cam Newton has signed a five-year, $103.8 million extension with the Panthers, a source told Adam Schefter of ESPN.

The extension features $60 million guaranteed and will earn Newton $67.6 million in the first three years, according to the source.

Newton, the first pick of the 2011 draft, was in the final year of his rookie contract. Carolina exercised the fifth-year option on that deal last year, meaning Newton was set to make $14,666,666 in 2015 before the extension.

The deal was negotiated between the Panthers and agents Bus Cook, Tony Paige and Chitta Mallik, the source said.

Newton’s representatives had been seeking a contract with a high percentage of the money guaranteed and not tied to injuries or other clauses to increase the base value, such as deals the San Francisco 49ers’ Colin Kaepernick and Cincinnati Bengals’ Andy Dalton signed last year.

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