The Carolina Panthers are looking to keep quarterback Cam Newton around in the long term after reaching the playoffs twice in a row with him under center.
After months of negotiations, it appears that the Panthers have finally struck a deal with their Pro Bowl quarterback.
It is being reported that Newton will sign a five-year contract extension that is worth over $100 million and will run through 2020.
Newton is currently entering the fifth-year option on his rookie contract, which will pay him $14.67 million for the 2015 season.
The Panthers had drafted Newton first overall in the 2011 draft after he led Auburn to a national championship while winning the Heisman Trophy after coming up with 51 total touchdowns(30 passing, 20 rushing, 1 receiving).
After two losing seasons, Newton was able to get the Panthers on the right track with two consecutive NFC South titles and playoff trips, including a playoff win in the 2014 season.
Ironically, he won his first playoff game in the season that the Panthers won a division title with a 7-9 record while being knocked out in the Divisional Round in 2013 after the Panthers clinched a first-round bye with a 12-4 record.
Newton currently has a 30-31-1 record as the Panthers’ starting quarterback with a 1-2 playoff record.