
UPDATE:
Cam Newton signed 5-year, $103.8 million extension, per source. Earns him $67.6 million in first three year. Deal negotiated between Panthers and agents Bus Cook, Tony Paige and Chitta Mallik.
The deal is expected to pay Newton north of $20 million a year, though the details (as always) will be critical in determining the value of the deal.
Panthers and QB Cam Newton are on verge of a lucrative multi-year extension, league sources told ESPN. The Panthers had been confident that a deal with Newton would get done before training camp, and now the deal is expected to be done this week and as early as today, per sources. Newton's agents, Bus Cook and Tony Paige, have had discussions with Carolina in recent weeks and the Panthers have made it known they want Newton in Carolina for years to come.
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