Carolina Panthers general manager Dan Morgan is investing in the inside linebacker depth chart.
The team agreed to terms with former Jacksonville Jaguars linebacker Devin Lloyd on Monday, a league source confirmed to The Charlotte Observer.
According to NFL Network’s Ian Rapoport, the deal is worth $45 million over three years. The deal comes with $25 million in fully guaranteed money, according to NFL Network’s Mike Garafolo.
Lloyd won’t be able to officially sign the contract until 4 p.m. Wednesday, at the start of the new league year.
The 2025 Pro Bowl defender, once the signing becomes official, will be added to an inside linebacker group that already features Trevin Wallace and Bam Martin-Scott.
Floyd will be positioned at the top of depth chart.
Getting to know Devin Lloyd
Lloyd, 27, is coming off his first Pro Bowl season in the NFL. The former Utah Utes defender had a career year with 81 tackles, 1.5 sacks, seven pass breakups and five interceptions. The Kansas City, Missouri, native also had 10 QB hits on the campaign.
During his four-year career with the Jacksonville Jaguars, the 2022 first-round pick produced 436 total tackles, 3.5 sacks, 26 pass breakups and nine interceptions. The 6-foot-3, 235-pound linebacker has missed just five games in his NFL career.
This developing story will be updated.