The 2023 NFL Draft's No. 1 overall pick is now under contract, Bobby Kowmack of NFL.com reports.

Quarterback Bryce Young has agreed to terms with the Carolina Panthers on his four-year, fully guaranteed $37.96 million rookie deal, NFL Network Insider Ian Rapoport reported on Friday. The contract includes a nearly $24.6 million signing bonus, per Rapoport.

Putting pen to paper represents the next step in a process that began with the Panthers' blockbuster draft trade in March and that Carolina is hoping ends with a triumphant return to prominence.

Young, a two-year starter and 2021 Heisman Trophy winner at Alabama threw for 8,200 yards, 79 touchdowns and 12 interceptions with a 23-4 record in 27 collegiate starts.

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