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Last Updated: April 1, 2020

Carolina Panthers Sign Quarterback Teddy Bridgewater to 3 Year $63 Million Contract

Introduction

The Carolina Panthers have seemed to have figured out their issues regarding their starting quarterback. The former New Orleans Saints quarterback that backed up the future Football Hall of Famer Drew Brees, Teddy Bridgewater, reached an agreement with the Carolina Panthers. Bridgewater and the Panthers came to terms on a 3 year deal worth up to $63 million.

This new contract between the Carolina Panthers and Bridgewater includes $33 million in guaranteed money as well as a $15 million signing bonus. His annual salary comes out to $21 million, and Bridgewater will now become an unrestricted free agent beginning in 2023. This new agreement has a potential opt out clause built in after the first two years.

The Cam Newton Situation

On the same day that Teddy Bridgewater signed with the Carolina Panthers, the former starting quarterback for the Panthers, Cam Newton, was given permission from Carolina to seek a trade. At the moment Newton has yet to find a new home as he is now a free agent after the Carolina Panthers decided to release him earlier this week. Hopefully for the banged up quarterback someone will sign him to at least a one year deal for this upcoming 2020 – 2021 NFL season.

Other Recent Changes to the Carolina Panthers

Along with signing Bridgewater and releasing Newton the Carolina Panthers have made a variety of other roster moves during this NFL offseason. They have fired their long term head coach in Ron Rivera, and they hired Matt Rhule as his replacement to be the next head coach of the Carolina Panthers. They have also parted ways with their veteran Pro Bowl tight end, Greg Olsen, last January.

Another NFL Pro Bowler that was let go includes the Panther’s former right guard, Trai Turner. Their starting quarterback last season, Kyle Allen, was traded to the Washington Redskins as well. It will be interesting to see how the new acquisitions to the Carolina Panthers will come together as soon as the upcoming NFL season finally begins.

The Contract Details

Teddy Bridgewater signed a 3 year, $63,000,000 contract with the Carolina Panthers, including a $15,000,000 signing bonus, $33,000,000 guaranteed, and an average annual salary of $21,000,000. In 2020, Bridgewater will earn a base salary of $8,000,000, a signing bonus of $15,000,000, a roster bonus of $750,000 and a workout bonus of $250,000, while carrying a cap hit of $14,000,000 and a dead cap value of $33,000,000.
CONTRACT TERMS:3 yr(s) / $63,000,000 SIGNING BONUS$15,000,000 AVERAGE SALARY$21,000,000 GTD AT SIGN:$33,000,000 TOTAL GTD:$33,000,000 FREE AGENT:2023 / UFA        
        BONUS BREAKDOWN     CAP DETAILS   CASH DETAILS
YEAR   AGE BASE SALARY SIGNING ROSTER WORKOUT CAP HIT DEAD CAP YEARLY CASH
2020   28 $8,000,000 $5,000,000 $750,000 $250,000 $14,000,000 $33,000,000 $24,000,000($24,000,000)
2021   29 $17,000,000 $5,000,000 $750,000 $250,000 $23,000,000 $20,000,000 $18,000,000($42,000,000)
POTENTIAL OUT: 2022, 2 YR, $42,000,000; $5,000,000 DEAD CAP
2022   30 $20,000,000 $5,000,000 $750,000 $250,000 $26,000,000 $5,000,000 $21,000,000($63,000,000)
2023   31 UFA            

Contract Notes:

  • $33M guaranteed (signing bonus + 2020 salary + $10M of 2021 salary)
  • Per Game Active Bonus: $46,875 ($750,000)

Candid Statements

"Stop with the word play. I never asked for it," Cam Newton responded. "There is no dodging this one. I love the Panthers to death and will always love you guys. Please do not try and play me or manipulate the narrative and act like I wanted this. You forced me into this. Love"

"One of the distinct pleasures of my career was selecting Cam with the first pick in the 2011 draft," the Carolina Panthers general manager Marty Hurney stated. "Every year difficult decisions are made and they are never easy. We have been working with Cam and his agent to find the best fit for him moving forward and he will always be a Carolina Panther in our hearts."

"I'm aware of the situation," Teddy Bridgewater replied. "It's a unique situation. For me, all I have to do is be myself.

"I knew when Drew got injured, I had big shoes to fill then. I just constantly reminded myself to be me. By doing so, it allowed me to be a better teammate, a better football player and a better person."

"Man, I take pride in this," says Bridgewater. "They told me I wouldn't play football again and I did. They told me it would take 18 months to get back from my injury and I came back fast. They told me I wouldn't win last year and we won five games.

"I take pride in winning. Winning feels good, and that's our goal."

"I'm a winner," Bridgewater proclaimed. "Everywhere I've gone I've won, and I take pride in that. That's the reason I'm in games, to win. I'll just leave it at that. ... I'm just going to tell you right now I'm a winner and plan on continuing to be one."

"Safety comes first," Bridgewater explained.

"We clicked right away," Bridgewater expressed. "He was a South Florida guy. ... Joey was the guy who spent that one-on-one time with me after practice and throwing routes to the young receivers.

"We had that relationship intact. And when he went to LSU, I was shooting text messages to him and watching some of the games and realizing he was using some of the same concepts we were running. So that relationship never ended, and I am glad that we get to reunite in Carolina."

"I just stay within my character," says Bridgewater. "I don't have to be something that I'm not. I just lead by example, which is the way our coaches think."

"Teddy Bridgewater is just an OG," Bridgewater responded, referring to slang for somebody who is authentic or old school. "Always cool and always calm."

Sources:

“Panthers give Teddy Bridgewater $63M deal; Cam Newton unhappy”, David Newton, espn.com, March 17, 2020.

“Teddy Bridgewater not worried about replacing Cam Newton with Panthers”, David Newton, espn.com, March 26, 2020.

“Teddy Bridgewater”, pro-football-reference.com, March 28, 2020.


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