The Carolina Panthers have a new quarterback after reuniting with Cam Newton on Thursday.
The team announced the move, while Ian Rapoport of NFL Network reported Newton's one-year deal could be worth up to $10 million for the rest of the season. The deal features $4.5 million fully guaranteed and $1.5 million in roster bonus.
Carolina entered the day with $12.8 million in cap space, per Spotrac, fourth-most in the NFL. Even if Newton hits all of his incentives, the Panthers will still have $2.8 million to spare.
It also provides the team with stability under center after head coach Matt Rhule announced Sam Darnold will miss four-to-six weeks with his shoulder injury.