Jaelan Phillips and Devin Lloyd agree to deals with Panthers, AP sources say

Edge rusher Jaelan Phillips and the Carolina Panthers have agreed on a four-year, $120 million contract, a person with knowledge of the deal told The Associated Press on Monday.

The person, who spoke to the AP on condition of anonymity because the contract can’t be finalized until the start of the new league year on Wednesday, said the contract includes $80 million guaranteed.

The Panthers also agreed on a $45 million, three-year contract with Pro Bowl linebacker Devin Lloyd that includes $25 million fully guaranteed in a deal negotiated by agent Andre Odom. Quarterback Kenny Pickett agreed on a one-year, $4 million deal with Carolina to back up Bryce Young, another person with knowledge of the contract told the AP. The person, speaking on condition of anonymity because the contract can’t be finalized until the start of the new league year, said Pickett's deal could be worth up to $7 million.

The Philadelphia Eagles were hoping to retain Phillips after trading a third-round pick for him at the trade deadline last season.

Phillips had five sacks for the Dolphins and Eagles. A first-round pick in 2021, Phillips has 28 sacks in five seasons.

Lloyd, a first-round pick by Jacksonville in 2022, is coming off his best season. He had five interceptions, 1 1/2 sacks and 81 tackles.

Pickett was 14-10 in two seasons with the Steelers after Pittsburgh selected him with the 20th overall pick in the 2022 draft. He spent one season with the Eagles and last year with the Raiders after being traded from Philadelphia to Cleveland to Las Vegas.

The NFC South champion Panthers finished 8-9 last season and lost to the Los Angeles Rams in a wild-card game.

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