In the last 15 season, the Panthers have won more than seven games only three times. They are already at seven wins in 2025 with four games to go after their Week 14 bye, putting them on pace for their best finish since 2017.
Carolina’s success is primarily due to a defense that has improved from dead-last in 2024 to middle of the pack this year, but clutch play from third-year quarterback Bryce Young has been a major factor. He has led four fourth-quarter comebacks and five game-winning drives.
However, he is not exactly setting the world on fire statistically, averaging fewer than 200 passing yards per game and ranking 23rd in passer rating (87.9) and QBR (45.6). Young has also thrown nine interceptions already; last season, he threw nine picks in 14 games, and in 2023, he threw 10 in 16 games.
His performance this season has set up an interesting two years for the Panthers and their young quarterback. Young will be eligible for an extension this offseason, and a decision on his fifth-year option will be due on May 1.
The latter situation is simpler than the former. Young’s fifth-year option is projected by OverTheCap to be $26.5MM, though that could rise to $39.7MM if he makes the Pro Bowl this season. That feels unlikely, but a surprise playoff berth on the back of Young’s clutch performances could garner him some consideration. He does have to be selected on the original ballot to upgrade his fifth-year option, according to the NFL’s CBA; a 2022 Tyler Huntley situation (filling in for an injured original selection) would not qualify. A Pro Bowl bump would make Young’s fifth-year option a much tougher decision, but for now, the team is expected to pick it up, per ESPN’s Dan Graziano.
Picking up the fifth-year option ensures that Young is under contract at an affordable price for a starter. It would also allow the Panthers to wait on an extension. They are not expected to pursue one this offseason, as Young has not quite cemented himself as the future of the franchise. Another, more significant leap in 2026 may do so, at which point the Panthers would likely try to finalize an extension before the 2027 season.
As a result, the cost of an extension may be substantially lower this offseason as opposed to the next. That sets up a clear dichotomy for the Panthers. Do they want to bet on Young now in the hopes of continue development and a contract that looks like a steal a few years from now? Or do they want to wait and see if he is really their long-term starter.
It is worth noting that Panthers head coach Dave Canales came in the year after the team selected Young with the No. 1 overall pick. As a result, he had to give Young a chance for at least a year or two. The 24-year-old quarterback has responded with some development, but it is hard to argue that he is even a mid-tier starter.
If Young cannot reach or eclipse that level next season, Canales may want to handpick his next quarterback himself. He may already have designs to do so. As the saying goes, NFL stands for Not For Long. Coaches can have extremely short leashes, especially under owners whose teams are struggling and/or are too involved in day-to-day operations. Both could be said of Panthers owner David Tepper, so if Canales wants to be in Carolina for the long haul, he may want to choose the quarterback that will give him the best chance.
The rest of the 2023 class becomes eligible for an extension next offseason. C.J. Stroud is the only quarterback that looks like the future of his franchise, so the Texans are considered more likely to pay him than the Panthers are to pay Young, according to ESPN’s Jeremy Fowler.