New England Patriots

FOXBOROUGH, MASSACHUSETTS - NOVEMBER 29: Cam Newton #1 of the New England Patriots looks on during the game against the Arizona Cardinals at Gillette Stadium on November 29, 2020 in Foxborough, Massachusetts. (Photo by Maddie Meyer/Getty Images)

Former Patriots quarterback Cam Newton is now officially back in the NFL. Newton signed with his former team, the Carolina Panthers, on Thursday morning. The Panthers had originally released Newton back in the spring of 2020.

Newton didn’t just sign with the Panthers, he got a nice pay day to return to Charlotte. According to NFL Network’s Ian Rapoport, Newton’s new deal – which runs through the end of this season – is worth up to $10 million dollars with $4.5 million fully guaranteed and another $1.5 million in roster bonuses.

Because Newton signed with the Panthers, the Patriots will also be getting some help financially as well. As first pointed out by Miguel Benzan, AKA PatsCap, the Patriots will receive credit from the league for the dead camp hit they took when releasing Newton in August. Specifically, they’ll have an extra $1.5 million added to their 2022 cap space.

The deferred credit, which is standard league procedure, means the Patriots don’t suddenly have extra space to splurge on a free agent (read: Odell Beckham). However, more cap space is never a bad thing, and the Patriots will have a little bit of extra spending money in the spring.

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Alex Barth is a writer and digital producer for 985TheSportsHub.com. Any opinions expressed do not necessarily reflect those of 98.5 The Sports Hub, Beasley Media Group, or any subsidiaries. Thoughts? Comments? Questions? Looking for a podcast guest? Let him know on Twitter @RealAlexBarth or via email at abarth@985TheSportsHub.com.