It's Official. Cam Newton signs $103.8 Million extension over 5 years.

[bLACKpANTHER]

press conference at 6pm

[teeray]

YOU GET PIE!  AND YOU GET PIE!  EVERYONE GETS PIE!!!!

[Sam Mills Fan]

To the Cam haters: HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[saints4lifeagain]

Not bad. Not bad at all.

[SCP]

Oh fappy day!!!! Fappy day!

[nctarheel0619]

31 mill for year one.  Only 1 mill in salary.  Not too shabby.  

[Gallagher]

[uncfan888]

Up arrows for everyone!!!

 

 

[Mattiekrome]

Sweet.  I'll take it.

[AppState]

I am so pleased!

[heelinfine]

IS IT SEPTEMBER YET?!?!?!?!?

[O-Ther]

Tonight is gonna be a

GOOD

GOOD

NIGHT!!!

[t96]

​I'm still a little confused. So it's 5 years $103.8M with $60M guaranteed. 

That means $43.8M is not guaranteed and $60M is guaranteed. How is that $19.75M/year? 

Can someone break down the contract per year and what is guaranteed/not guaranteed? 

 

​It's an extension. He'll make $14.67 million next season on the 5th year option and the extension starts after that. So 14.67 + 103.8 = 118.47. Divide that by the 6 years total and it comes out to $19.75M/year. Not entirely sure how the guaranteed works since the structure hasn't come out yet, but that should be available soon.

[Dunn]

So happy to have all the speculation out of the way, now its time to win a SB!