Panthers exercise 5th-year option on ex-Jets QB Sam Darnold

The Panthers announced that they’ve officially exercised Sam Darnold’s fifth-year option after the completion of the first round.

Following the completion of the first round of the NFL draft, the Panthers have exercised Sam Darnold’s fifth-year option, the team announced Friday.

While Carolina did consider Ohio State’s Justin Fields with its No. 8 pick, according to ESPN’s Adam Schefter, the team is now putting its faith in Darnold.

The former Jets quarterback’s salary for the 2022 season will be around $18.8 million, fully guaranteed.

Darnold’s fifth-year option played into why New York elected to trade the 23-year-old quarterback to Carolina. The Jets weren’t willing to make the same commitment that Matt Rhule and the Panthers made Friday.

Instead, the Jets can now reset the clock on a rookie quarterback contract after making Zach Wilson the team’s future under center.

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Panthers will exercise Sam Darnold’s 5th-year option

After trading for Sam Darnold, the Panthers will be exercising his fifth-year option.

Much of the discourse regarding Sam Darnold’s trade market revolved around his unattractive fifth-year option.

However, after acquiring Darnold in a package for three draft picks Monday, the Panthers plan on picking that option up, according to CBS Sports’ Jonathan Jones. The Panthers have until May to make that official. Doing so would cost Carolina around $18.8 million, fully guaranteed.

Darnold’s fifth-year option likely played a part in New York’s decision to move him to Carolina. Now the Jets can reset the clock on the quarterback contract with whoever they select at No. 2, something Douglas hinted at in a statement regarding the trade.

“I want to publicly acknowledge the commitment, dedication, and professionalism Sam displayed while with the Jets. He is a tough-minded, talented football player whose NFL story has not been written yet,” Douglas said. “While all these things are true, this move is in the short- and long-term best interests for both this team and him. We thank Sam for all of his work on behalf of this organization and wish him well as he continues his career.”

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How Sam Darnold’s contract could impact Jets’ impending QB decision

The Jets’ impending decision on Sam Darnold goes beyond whether Joe Douglas and the team’s next head coach think the young quarterback’s future can be salvaged.

The Jets’ impending decision on Sam Darnold goes beyond whether Joe Douglas and the team’s next head coach think the young quarterback’s future can be salvaged.

Like most things, money should also play a factor. Darnold has one-year remaining on his rookie contract, in addition to his fifth-year option. For former top-10 picks like Darnold, the fifth-year option is equivalent to the salary of the league’s transition tender, which is about $25 million. That number becomes fully guaranteed at the start of the league year in the fifth year of Darnold’s contract, which would be March 2022.

Picking up Darnold’s fifth-year option would be a large commitment to make for the Jets when there’s barely any evidence to suggest that he can be a franchise quarterback. It’s not a decision New York has to make at this very moment in time, but it’s not one it can take lightly either when considering its options this offseason.

If the Jets choose to move on from Darnold and draft a quarterback with the No. 2 pick, it would allow New York to reset the clock on a rookie quarterback contract. Not only does it give Douglas and a new coaching staff a chance to groom their own quarterback, but it also has a positive financial impact for the franchise in 2021 and beyond. That’s why even after missing out on the Trevor Lawrence sweepstakes, the Jets will have to determine if Justin Fields, Zach Wilson or Trey Lance are worthy alternatives to Darnold.

Douglas has taken a non-committal approach to Darnold’s future with the team. It will be a collaborative decision once New York hires its next head coach. If Douglas had committed to Darnold before interviewing candidates for the Jets’ vacancy, it would have likely limited the team’s candidate pool.

The Jets have until May 3 to decide whether or not to pick-up Darnold’s fifth-year option. Although the team has a sizable amount of cap space, they’d be making a significant financial commitment while confirming that Darnold will be the team’s quarterback for at least the next two seasons.

That would be quite the choice for a quarterback who hasn’t shown much through his first three NFL seasons.