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.
Panthers and QB Cam Newton are on verge of a lucrative multi-year extension, league sources told ESPN. The… http://t.co/JINmQ49VE6
— Adam Schefter (@AdamSchefter) June 1, 2015
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.