The Panthers resigned unrestricted free agent kicker John Kasay a five-year agreement.
Kasay is the first of the Panthers' 17 unrestricted free agents to reach an agreement. Terms of the deal weren't available, but the five-year deal is expected to be worth close to $4 million, ESPN.com's John Clayton reports.
A 13-year NFL veteran who represents himself, Kasay has been with the Panthers since the team began in 1995. He was due to become an unrestricted free agent March 3.
"It has been a good process for me over the years," Kasay said of negotiating his own contract. "I definitely foresee this being my last contract. This gives me an opportunity to be here for a long time and I am very appreciative of that."
The only remaining member from the Panthers' inaugural season, Kasay is the team's all-time leading scorer with 220 field goals and 759 points.