The deal, according to the report, could be worth to a maximum of $42.5 million. There will also be $22.5 million guaranteed in the deal.
"We are thrilled to be able to extend Jonathan for five additional years," Panthers general manager Marty Hurney said in a statement. "He is a perfect fit for our organization. He is a playmaker who can make the difference in games and we have seen the impact he and DeAngelo Williams have had on our team."
The Panthers have a dangerous run game in for them. With DeAngelo Williams already on board and with Stewart on, along with Mike Tolbert and Cam Newton, the Panthers are going to cause a lot of trouble for opposing defenses.
The extension also compares to the signing of Williams, who recently signed a five-year, $43 million deal with Carolina. Then they signed Tolbert this off-season to mostly play fullback.
Stewart, 25, was drafted by Carolina back in 2008. Last season, he ran for 761 yards and four touchdowns along with 5.4 yards per carry. His best season came in 2010 where he ran for 1,133 yards and ten touchdowns.
Stewart is primed for another big year in Carolina, and with Williams healthy, the Panthers can be a very dangerous team.
Josh Dhani is the founder of FootBasket. You can read more about him at his website. Follow him on Twitter @joshdhani.
