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Report: Cam Newton and Panthers Close to Extension

Cam Newton and the Carolina Panthers are close to an agreement on a mega contract extension for more than $100 million, according to ESPN 730 radio in Charlotte and confirmed by ESPN’s Adam Schefter.

Newton, the No. 1 pick in 2011, is on the last year of his rookie deal, which will pay him $14.6 million. His new deal is expected to pay him at least $20 million a year annually. He would join Aaron Rodgers, Ben Roethlisberger, Matt Ryan, Joe Flacco and Drew Brees as the quarterbacks making $20 million a year.

According to the report, Newton is seeking 40-50 percent of his new contract to be guaranteed money. It won’t be structured the same way as recently-paid Andy Dalton and Colin Kaepernick, which is less long-term security.

Newton is 30-31-1 as a starter in the NFL. He set career lows in passing yards, touchdown passes, rushing yards, rushing touchdowns, yards per passing attempt, yards per rushing attempt and quarterback rating last season.

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