The team announced on Thursday that they have signed the running back to a four-year contract with a fifth-year option.
Undrafted rookies receive three year contracts that are typically not guaranteed at all, except in the cases of priority free agents that might require a little sweetening of the deal so they aren't compelled to sign with other teams.
The Panthers chose McCaffrey with the No. 8 overall pick Thursday. Best suited for slot cornerback, Elder should open his big-league career playing special teams and backing up Captain Munnerlyn. May.
Undrafted rookie linebacker Ben Boulware, wide receiver Fred Ross, defensive end Bryan Cox, wide receiver Austin Duke and cornerback Cole Luke also signed with the Panthers.
That's why the Panthers targeted guys like McCaffrey and Samuels early in the draft.
The former Stanford star broke Barry Sanders' single-season all-purpose yards record in 2015 by racking up 3,864 yards and was selected as the Associated Press Player of the Year.
Cam Newton's new weapon is a ideal fit for the Panthers' new offense. He will be utilized at the fullback position for the Panthers.
Armah, the 192nd overall draft choice, played tight end, defensive end and linebacker in college at West Georgia.More news: Wizards score Game 3 romp, chop Celtics' series lead to 2-1
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