Breaking News: The Panthers have reportedly restructured WR Steve Smith's current contract. It's reportedly a new 3 year deal, with a team option in 2014 to add a 4th year.
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.
Frees up some cap space...the Panthers might not be done just yet. The best part if the greatest Panther of this generation will remain in Carolina for
three four more seasons.