Greg Olsen, Panthers Reportedly Agree to 2-Year, $17 Million Contract

Alec Nathan@@AlecBNathanFeatured ColumnistApril 26, 2018

Carolina Panthers tight end Greg Olsen (88) runs with the ball against the Green Bay Packers during an NFL game in Charlotte, N.C. on Sunday, Dec. 17, 2017. (Chris Keane/AP Images for Panini)
Associated Press

The Carolina Panthers and Greg Olsen agreed to terms on a two-year contract extension that will pay the veteran tight end "$8.55 million per year with a max value of up to $10.05 million per year," according to Adam Schefter of ESPN.

Olsen was reportedly in search of long-term security last summer, which did not materialize. 

Instead, the two sides reached a "fair resolution" that saw the Panthers add $2 million in incentives to his deal for the 2017 season. Specifically, the club agreed to pay out $500,000 if Olsen reached 1,000 receiving yards for the fourth straight season and $750,000 if he eclipsed 1,100 yards. 

However, those payments did not need to be made. 

Olsen broke his right foot in Week 2 of the regular season, and he didn't return to the field until Week 12 against the New York Jets. In seven appearances, the three-time Pro Bowler posted 17 receptions for 191 yards and a touchdown. 

Those numbers were disappointing, but Olsen reminded the Panthers of what he can produce after he notched eight catches for 107 yards and a score in the team's 31-26 Wild Card Game loss to the New Orleans Saints

Now in possession of long-term security, the 33-year-old will set his sights on a comeback and a return to Pro Bowl form as the Panthers attempt to revamp their passing game under new offensive coordinator Norv Turner

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