Panthers extend WR Steve Smith through 2016

Pro Football Weekly - [Full Article]

The Panthers and WR Steve L. Smith have agreed to a contract extension through 2015 with an option for one additional year in 2016, Pro Football Weekly has learned.

Although financial numbers were not immediately available, Smith was due to earn $7.75 million in 2012, and the Panthers likely will pay more than that amount, including guaranteed money up front, for this season. Smith’s deal is believed to be structured similarly to that of the one signed by WR Reggie Wayne with the Colts earlier this offseason, in terms of his guaranteed money and base salaries for the next three seasons.

Fantasy Impact: 

It's funny -- less than a year ago, there were rumors that Smith wanted out, and now the Panthers have locked him up through 2015. That's the kind of impact a good QB like Cam Newton can have on an organization.

Filed Under: 2012, Preseason