Panthers close to deal with No. 1 pick Newton

The Panthers and rookie QB Cam Newton are very close to an agreement on a four-year deal, according to league sources.

Representatives for Newton, the No. 1 overall pick in the April draft, spoke extensively with the Panthers on Thursday. They expect to work out a few little things, put the deal to bed Friday morning and have Newton ready to participate in any training-camp drills.

Newton’s four-year deal — excluding a team option — is expected to be worth around $23 million, all of it guaranteed.

Keep tabs on the signing statuses of all first-round picks from the 2011 NFL Draft right here.

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