Panthers officially sign QB Teddy Bridgewater to 3-year contract

Posted: Mar 25, 2020 / 04:57 PM EDT / Updated: Mar 25, 2020 / 04:57 PM EDT

FILE – In this Nov. 10, 2019, file photo, New Orleans Saints quarterback Teddy Bridgewater throws before the New Orleans Saints host the Atlanta Falcons at the Mercedes-Benz Superdome in New Orleans, La. The Carolina Panthers have worked out a deal with Teddy Bridgewater to replace quarterback Cam Newton. A person familiar with the deal says Bridgewater is taking a three-year, $63 million contract after winning all five of his starts for New Orleans last season. (David Grunfeld/The Times-Picayune/The New Orleans Advocate via AP, File)

CHARLOTTE, N.C. (AP) — The Panthers have officially signed free agent quarterback Teddy Bridgewater to a three-year contract.

A person familiar with the situation told The Associated Press last week that the contract is worth $63 million.

The person spoke on condition of anonymity because the team doesn’t release financial terms of a contract.

Bridgewater replaces 2011 No. 1 overall pick Cam Newton, who was released on Tuesday after nine seasons with the team.