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Update (2/12): The full details of the contract have been revealed. It’s officially a three-year extension for just under $21.7 million with a $7.5 million signing bonus and $10 million guaranteed. There are just under $2 million in incentives that can value the total contract at $23.65 million.
The numbers are in: The #Panthers signed S Eric Reid to a 3-year extension worth $21,695,625, source said. He got a $7.5M signing bonus and $10M total guarantees. In addition, he can make $1.95M max in incentives for a deal worth up to nearly $23.65M.
— Ian Rapoport (@RapSheet) February 12, 2019
The Carolina Panthers have signed Eric Reid to a three year deal worth upwards of $22M per Mike Silver of NFL.com. He was set to become an unrestricted free agent when the league year opens in March. Reid, who has experience playing both safety spots, will be an importantly talented and versatile part of the Panthers’ defense.
Eric Reid on opting not to test the market: “I feel comfortable here. I was excited just to get it done... I fit well into this defense.”
— Max Henson (@PanthersMax) February 11, 2019
Reid was signed in Week 4 of the 2018 season after significant controversy over his promotion of social justice. In 13 games, he recorded 71 tackles, 5 passes defensed, one sack, one interception, and seven random drug tests.
This signing removes one of the Panthers biggest needs heading into 2019, as both of their starting safeties from 2018 —Reid and 38 year old Mike Adams— were set to become free agents. They will still be in the market for additional safety help in either the draft or free agency to pair with Reid. 2018 third round draft pick Rashaan Gaulden will factor into the rotation at the position but, after a quiet rookie season, is not expected to play a major role just yet.