Carolina Panthers sign QB Kenny Pickett

This signing grades out as an overpay for the Carolina Panthers — the team is paying more than the on-field production currently warrants. Kenny's on-field performance ranks in the bottom quartile among NFL QBs, grading him as an unproven at the position. His $4.0M average annual value ranks as bargain money for the QB market. The concern here is the gap between production and cost — unproven output at bargain money means the team is paying a premium above the player's on-field value. Kenny is squarely in his prime, which adds to the deal's upside — the team should get multiple productive seasons out of this contract. The one-year deal minimizes the team's financial risk, effectively making this a prove-it contract.