NFL Network Insider Ian Rapoport reported Friday that Carolina extended Stewart's contract one year, meaning he's signed through 2018.
The 30-year-old running back was slated to count $8.5 million against the salary cap in 2017. The extension alleviates part of that hefty number this season, while giving Stewart some security for next year.
This type of extension for a veteran is a common move for teams to earn cap space in the short term. What it secures, is that Stewart -- a player some thought could be a surprise cap casualty -- is in the Panthers' plans at least this season and perhaps beyond.
Stewart finished as the #28 fantasy running back (PPR) even though he missed three games and a large portion of a fourth. Stewart's 2017 value will depend in large part on what the Panthers do in the draft (and the rest of free agency).