Steve Smith, Panthers agree to three-year contract extension

  • By Jason La Canfora Wire Reports
  • NFL Network Insider
  • Published: April 10, 2012 at 10:03 a.m.
  • Updated: April 10, 2012 at 11:04 a.m.

The Carolina Panthers and wide receiver Steve Smith have agreed to terms on three-year extension with a club option for a fourth year, according to a team source.

"The Panthers wanted to try to lock him down for the future and Steve is simply ecstatic about being able to finish his career in Carolina," his agent Derrick Fox said. "He loves playing for coach Ron Rivera is excited about the things to come in Carolina. A lot of L.A. guys want to get back to the West Coast, but Steve and his family love living in Charlotte."
This is the third time the Panthers have extended Smith's contract without him becoming a free agent.

After signing his rookie deal on June 19, 2001, Smith signed his first extension on March 1, 2007 just days before he was to hit the free agent market.
However, he quickly outperformed that deal and the Panthers gave him a new six-year, $45 million extension on May 4, 2007. Smith's current contract was set to expire after this season.
The Panthers have a called a news conference for later Tuesday.
Smith is coming off a resurgent 2011 season in which he caught 79 passes for 1,394 yards and seven touchdowns, helping quarterback Cam Newton immensely in his rookie year.
Smith, who turns 33 in May, has spent all 11 seasons of his career with the Panthers.