AP Source: Cam Newton agrees to deal with Panthers

By the Associated Press | July 29, 2011 | 7:14 PM EDT

SPARTANBURG, S.C. (AP) — A person familiar with the situation says No. 1 draft pick Cam Newton has reached an agreement with the Carolina Panthers.

The person spoke with The Associated Press Friday on condition of anonymity because the deal had not be publicly announced. According to several media reports, Newton has agreed to a four-year, $22 million deal.

Panthers coach Ron Rivera had said earlier Friday that he expected the former Auburn quarterback to be at Wofford College when Carolina held its first practice session on Saturday.

The office for Newton's agent, Bus Cook, would not comment on an agreement being reached..

Rivera said earlier Friday that Newton is in Charlotte awaiting completion of the deal before arriving in camp. Also earlier Friday, general manager Marty Hurney said the sides were making good progress on an agreement.

Newton led Auburn to a national championship last season. He declared for the NFL draft after his junior year.